2-Bedroom Residential Income
For Sale
$205,000
10118 CAMPUS WAY S Unit 304, Upper Marlboro, MD 20774
This condominium unit has washer and dryer hookups, parking, and water included in the association fee.
Property Size1,082 SF
Price / SF$189.46
Days on Market56
Property Features for 10118 CAMPUS WAY S Unit 304
General Information
Standard status
Active
Size
1,082 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,342
Amenities
in-unit washer/dryer hookups
Building Details
Building Size
1,082 SF
Year Built
1975
Listing Agency:
Weichert, REALTORS
Listed By:
Barbara W Milton · License #95639
(301) 237-8887
Source:
Districtpropertygroup
Added: Sep 4
Changed: Oct 27
Last Checked: Oct 27 at 3:35AM
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 Weichert, REALTORS
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Investment Insights
Based on property information with market context.
This 1,082-square-foot penthouse condominium, built in 1975, contains two bedrooms and two full bathrooms. In-unit washer and dryer hookups and parking are also provided.
Water is included in the association fee. The property information also notes community amenities and access to local parks.
Water is included in the association fee. The property information also notes community amenities and access to local parks.
Key Highlights
- Penthouse condominium with 2 bedrooms and 2 full bathrooms
- 1,082 square feet
- Built in 1975
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,567
Cap Rate
7.11%
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 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$349.0K
$305.4K – $407.2K
NOI $24,433 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
499
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 - This condominium unit has washer and dryer hookups, parking, and water included in the association fee.
Where is this residential income property located?
The property is located at 10118 CAMPUS WAY S Unit 304 Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Penthouse condominium with 2 bedrooms and 2 full bathrooms; 1,082 square feet; Built in 1975
