2-Bedroom Residential Income
For Sale
$209,000
10250 PRINCE PL #24-108, Upper Marlboro, MD 20774
UPPER MARLBORO, MD
Property Size1,071 SF
Price / SF$195.14
Days on Market680
Property Features for 10250 PRINCE PL #24-108
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1
Subdivision
PINES CONDO
Elementary school
CALL SCHOOL BOARD
Middle school
CALL SCHOOL BOARD
High school
CALL SCHOOL BOARD
Elementary school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Middle school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
High school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
pool
security system
balcony
Building Details
Year built
1972
Listing Agency:
Chevy Chase Circle
(202) 966-1400
Listed By:
Betty A Scott
(202) 365-3020
Added: Nov 15, 2024
Changed: Sep 24
Last Checked: Sep 26 at 10:06AM
MLS# MDPG2130296
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 10250 Prince Pl #24-108 in Upper Marlboro, this 1,071-square-foot residential income property is a 2-bedroom, 2-bathroom unit built in 1972. The interior combines a living and dining area with hardwood flooring, carpeting, sliding windows, and a ceiling fan. The eat-in kitchen includes table space, some stainless steel appliances, a double oven, and a built-in microwave. The primary bedroom features an en-suite bathroom with a stall shower, while the balcony extends the living area outdoors.
The unit occupies a corner lot adjoining open space and a landscaped common area. Community features include sidewalks, a pool, and maintained common grounds. Parking includes lighted paved spaces and on-street options. Public transportation access is also noted, along with smoke detectors and a security system.
The unit occupies a corner lot adjoining open space and a landscaped common area. Community features include sidewalks, a pool, and maintained common grounds. Parking includes lighted paved spaces and on-street options. Public transportation access is also noted, along with smoke detectors and a security system.
Key Highlights
- 2‑bedroom, 2‑bathroom unit with 1,071 square feet
- Built in 1972 at 10250 PRINCE PL #24‑108, UPPER MARLBORO, MD 20774
- Eat‑in kitchen with a double oven, built‑in microwave, and some stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,419
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,380
$288.4K
Cap Rate 7%
$205,986
$206.0K
Cap Rate 9%
$160,211
$160.2K
Market Conditions
NOI Build-Up for 1,071 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.9K $26.04/SF
− Vacancy
−$1.7K −$1.56/SF
EGI
$26.2K $24.48/SF
− OpEx
−$11.8K −$11.01/SF
NOI
$14.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,380
Cap Rate 7%
$205,986
Cap Rate 9%
$160,211
Alternative Uses
Best Use
Apartment 5plus
$206.0K
$180.2K – $240.3K
NOI $14,419 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$345.5K
$302.3K – $403.1K
NOI $24,185 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
489
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner-unit residence with a balcony, community pool access, and lighted paved parking in The Pines.
Where is this residential income property located?
The property is located at 10250 PRINCE PL #24-108 Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom unit with 1,071 square feet; Built in 1972 at 10250 PRINCE PL #24‑108, UPPER MARLBORO, MD 20774; Eat‑in kitchen with a double oven, built‑in microwave, and some stainless steel appliances
