Top-Floor Condo in National
For Sale
$524,000
104 SAINT IVES PL PLACE #409, Oxon Hill, MD 20745
Two-bedroom condo with den, upgrades, and garage parking.
Property Size1,452 SF
Days on Market303
Property Features for 104 SAINT IVES PL PLACE #409
General Information
Standard status
Active
Size
1,452 SF
Property subtype
Apartment
Amenities
Central A/C
Ceiling Fan(s)
Central
Built-In Microwave
Cooktop
Dishwasher
Disposal
Cooktop - Down Draft
Dryer
ENERGY STAR Dishwasher
ENERGY STAR Freezer
Energy Efficient Appliances
ENERGY STAR Clothes Washer
Exhaust Fan
Freezer
Icemaker
Microwave
Oven - Self Cleaning
Oven - Wall
Electric Available, Natural Gas Available, Cable TV Available, Phone Available, Sewer Available, Water Available
Building Details
Building Size
1,452 SF
Year Built
2023
Listing Agency:
Alexandria - Old Town
(770) 871-1303
Listed By:
Stephanie Carter · License #648326
(770) 871-1303
Source:
Kw
Added: Oct 23, 2025
Changed: Aug 17
Last Checked: Aug 20 at 7:22PM
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 Alexandria - Old Town
Investment Insights
Based on property information with market context.
Located in the gated community of The Flats at National Harbor, this top-floor unit features 2 bedrooms, 2 bathrooms, and a versatile den. The property includes premium upgrades such as an inline hot water softener on the tankless water heater, pedestal Whirlpool washer and dryer, ceiling fans in 5 areas, and custom, cordless blackout blinds throughout. The kitchen boasts white cabinetry, quartz countertops, a tile backsplash, a 5-burner stove, a wall-mounted oven, and a motion-sensing kitchen faucet. The den, featuring French doors and privacy-enhanced glass, can be used as an office, playroom, extra living space, or fitness room. The primary bedroom includes a large ensuite bathroom and a spacious walk-in closet. The second bedroom offers ample closet space and is situated next to a full bathroom in the hallway. A spacious laundry room houses upgraded front-load washer and dryer units. The home includes one assigned garage parking space with bike rack. Residents can enjoy landscaped common areas and controlled entry access for guests. The community provides discounts at restaurants, shopping, dining, and parking at National Harbor, as well as easy access to bike and walking trails. The location is close to Andrews, Bolling, the Pentagon, and Old Town Alexandria, with access to 495/95, 295, and downtown DC. The MGM and Tangier outlets are less than 5 minutes away.
Key Highlights
- Coveted top‑floor unit in gated community 'The Flats at National Harbor' with partial fireworks views.
- Like‑new condition (2 years old) with premium upgrades including inline hot water softener, Whirlpool washer/dryer, and custom blackout blinds.
- Versatile den with French doors and privacy‑enhanced glass, suitable for office, playroom, or fitness room.
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
$19,548
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
3.73%
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%
$390,960
$391.0K
Cap Rate 7%
$279,257
$279.3K
Cap Rate 9%
$217,200
$217.2K
Market Conditions
NOI Build-Up for 1,452 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
$37.8K $26.04/SF
− Vacancy
−$2.3K −$1.56/SF
EGI
$35.5K $24.48/SF
− OpEx
−$16.0K −$11.01/SF
NOI
$19.5K $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%
$390,960
Cap Rate 7%
$279,257
Cap Rate 9%
$217,200
Alternative Uses
Best Use
Apartment 5plus
$279.3K
$244.4K – $325.8K
NOI $19,548 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$468.4K
$409.9K – $546.5K
NOI $32,789 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Explore this area
Business Placement
Demographics for 20745, MD
32,024
Population
13,124
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
82%
High-School Grad
6.5 sq mi
ZIP Area
4,927
Density / Sq Mi
$80,649
Median Household Income
$47,435
Median Earnings
$1,564
Median Rent
$351,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom condo with den, upgrades, and garage parking.
Where is this apartment building located?
The property is located at 104 SAINT IVES PL PLACE #409 Oxon Hill, MD.
What is the asking price?
The asking price for this property is $524,000.
What are key features of this property?
This property features: Coveted top‑floor unit in gated community 'The Flats at National Harbor' with partial fireworks views.; Like‑new condition (2 years old) with premium upgrades including inline hot water softener, Whirlpool washer/dryer, and custom blackout blinds.; Versatile den with French doors and privacy‑enhanced glass, suitable for office, playroom, or fitness room.
