2-Bedroom
For Sale
$173,000
10115 PRINCE PLACE Unit 403, Upper Marlboro, MD 20774
A combined living and dining area serves the two-bedroom, two-bath layout.
Property Size1,082 SF
Price / SF$159.89
Days on Market22
Property Features for 10115 PRINCE PLACE Unit 403
General Information
Standard status
Active
Size
1,082 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
Estimated repairs are between 5-8K
Additional Details
Asking Price
$173,000
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,027
Building Details
Building Size
1,082 SF
Year Built
1976
Listing Agency:
RLAH @properties
Listed By:
Bridget McLaughlin
(301) 442-5788
Source:
Districtpropertygroup
Added: Oct 8
Changed: Oct 27
Last Checked: Oct 27 at 3:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RLAH @properties
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Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bath condominium has 1,082 square feet of living space, with a combined living and dining area. The unit has been freshly painted and includes an updated kitchen and a new washer and dryer. Built in 1976, it is being offered in as-is condition, with the seller making no repairs or improvements.
The condominium is at 10115 Prince Place, Unit 403, in Upper Marlboro, Maryland.
The condominium is at 10115 Prince Place, Unit 403, in Upper Marlboro, Maryland.
Key Highlights
- 2 bedrooms and 2 full bathrooms
- 1,082 square feet of living space
- Combined living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,567
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,340
$291.3K
Cap Rate 7%
$208,100
$208.1K
Cap Rate 9%
$161,856
$161.9K
Market Conditions
NOI Build-Up for 1,082 SF
Gross rent
$28.2K $26.04/SF
− Vacancy
−$1.7K −$1.56/SF
EGI
$26.5K $24.48/SF
− OpEx
−$11.9K −$11.01/SF
NOI
$14.6K $13.46/SF
Area
Prince George's County, MD
Vacancy
6.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,340
Cap Rate 7%
$208,100
Cap Rate 9%
$161,856
Alternative Uses
Best Use
Apartment 5plus
$208.1K
$182.1K – $242.8K
NOI $14,567 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$349.0K
$305.4K – $407.2K
NOI $24,433 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
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Business Placement
Demographics for 20774, MD
51,984
Population
21,747
Households
2.4
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
34.9 sq mi
ZIP Area
1,490
Density / Sq Mi
$128,392
Median Household Income
$67,098
Median Earnings
$2,213
Median Rent
$439,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A combined living and dining area serves the two-bedroom, two-bath layout.
Where is this residential income property located?
The property is located at 10115 PRINCE PLACE Unit 403 Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $173,000.
What are key features of this property?
This property features: 2 bedrooms and 2 full bathrooms; 1,082 square feet of living space; Combined living and dining area
