Tenant-Occupied Residential Income
10243 PRINCE PLACE Unit 28-T4, Upper Marlboro, MD 20774
For Sale
New
$145,000
Interior finishes include wood flooring and granite countertops.
Property Size840 SF
Days on Market7
Property Features for 10243 PRINCE PLACE Unit 28-T4
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Epique Realty
Listed By:
Karen Y Wright · License #608374
(301) 802-3904
Source:
Bradkappel
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 4:28PM
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 Epique Realty
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Investment Insights
Based on property information with market context.
This residential income condominium was built in 1972 and is currently occupied by a tenant. Wood flooring and granite countertops are among its interior finishes.
The property is in Upper Marlboro, with PGCC, Metro, UM Capital Region Medical Center, and Woodmore Town Center identified nearby.
The property is in Upper Marlboro, with PGCC, Metro, UM Capital Region Medical Center, and Woodmore Town Center identified nearby.
Key Highlights
- Tenant‑occupied condominium
- Wood flooring and granite countertops
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,309
Cap Rate
7.80%
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 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$271.0K
$237.1K – $316.2K
NOI $18,969 @ 7.0% cap · market cap 13.08%
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
489
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
$439,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Prince George's County, MD
Properties on Market for Residential income properties in Prince George's County
Frequently Asked Questions
What type of property is this?
Residential income property - Interior finishes include wood flooring and granite countertops.
Where is this residential income property located?
The property is located at 10243 PRINCE PLACE Unit 28-T4 Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Tenant‑occupied condominium; Wood flooring and granite countertops; Built in 1972
