One-Bedroom Residential
For Sale
$147,000
10200 PRINCE PLACE Unit 206, Upper Marlboro, MD 20774
An open-plan residence offers a separate dining area and balcony access from the living and dining rooms.
Property Size840 SF
Price / SF$175
Days on Market21
Property Features for 10200 PRINCE PLACE Unit 206
General Information
Standard status
Active
Size
840 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,753
Building Details
Building Size
840 SF
Year Built
1972
Listing Agency:
Bennett Realty Solutions
Listed By:
Cheryll A March · License #623738
(301) 806-8117
Source:
Districtpropertygroup
Added: Oct 9
Changed: Oct 28
Last Checked: Oct 27 at 3:22AM
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 Bennett Realty Solutions
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 840-square-foot, one-bedroom, one-bath condominium was built in 1972. Its open floor plan connects the living and dining rooms, which each open to balconies. The kitchen has room for a table, and the interior features laminate flooring.
Prince George's Community College, University of Maryland Capital Region Medical Center, shopping, and restaurants are described as a few blocks away. The property also has access to I-495.
Prince George's Community College, University of Maryland Capital Region Medical Center, shopping, and restaurants are described as a few blocks away. The property also has access to I-495.
Key Highlights
- 840‑square‑foot condominium with one bedroom and one bathroom
- Living and dining rooms each open to a balcony
- Kitchen includes space for a table
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,309
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,180
$226.2K
Cap Rate 7%
$161,557
$161.6K
Cap Rate 9%
$125,656
$125.7K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$21.9K $26.04/SF
− Vacancy
−$1.3K −$1.56/SF
EGI
$20.6K $24.48/SF
− OpEx
−$9.3K −$11.01/SF
NOI
$11.3K $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%
$226,180
Cap Rate 7%
$161,557
Cap Rate 9%
$125,656
Alternative Uses
Best Use
Apartment 5plus
$161.6K
$141.4K – $188.5K
NOI $11,309 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$271.0K
$237.1K – $316.2K
NOI $18,969 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - An open-plan residence offers a separate dining area and balcony access from the living and dining rooms.
Where is this residential income property located?
The property is located at 10200 PRINCE PLACE Unit 206 Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $147,000.
What are key features of this property?
This property features: 840‑square‑foot condominium with one bedroom and one bathroom; Living and dining rooms each open to a balcony; Kitchen includes space for a table
