Updated Condominium
For Sale
$139,900
10251 PRINCE PLACE Unit 32-106, Upper Marlboro, MD 20774
Interior updates include new flooring, custom paint, and an open-concept layout.
Property Size840 SF
Price / SF$166.55
Days on Market16
Property Features for 10251 PRINCE PLACE Unit 32-106
General Information
Standard status
Active
Size
840 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,753
Building Details
Building Size
840 SF
Year Built
1972
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Traquel Butler · License #608414
(202) 351-8232
Source:
Districtpropertygroup
Added: Oct 14
Changed: Oct 27
Last Checked: Oct 27 at 3:59AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 840-square-foot condominium unit in Pines Condominium was built in 1972. Recent interior work includes new flooring and custom paint, and the layout is open concept. The unit is positioned toward the rear of the community.
The condominium fee includes water, sewer, and gas. Nearby destinations include Largo, Bowie, and Woodmore Town Center shopping areas, Prince George’s County Community College, and Metro rail service within 10 minutes. Routes 495, 95, and 50 are also accessible from the area.
The condominium fee includes water, sewer, and gas. Nearby destinations include Largo, Bowie, and Woodmore Town Center shopping areas, Prince George’s County Community College, and Metro rail service within 10 minutes. Routes 495, 95, and 50 are also accessible from the area.
Key Highlights
- 840‑square‑foot condominium unit
- Built in 1972
- Updated with new flooring and custom paint; open‑concept layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,309
Cap Rate
8.08%
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 8.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$271.0K
$237.1K – $316.2K
NOI $18,969 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway 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 - Interior updates include new flooring, custom paint, and an open-concept layout.
Where is this residential income property located?
The property is located at 10251 PRINCE PLACE Unit 32-106 Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 840‑square‑foot condominium unit; Built in 1972; Updated with new flooring and custom paint; open‑concept layout
