Triplex Property with
For Sale
$430,000
Pending
12902 Princeleigh Street, Upper Marlboro, MD 20774
Residential property offering finished lower-level space, attached parking, and outdoor recreation features.
Property Size1,546 SF
Days on Market1203
Property Features for 12902 Princeleigh Street
General Information
Standard status
Pending
Size
1,546 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$6,438
Amenities
pool
jacuzzi
sun room
deck
garage
Central Air
Full Finished
3
RSF95
Attached Parking.
2 Garage Spaces. Front Entrance, Attached Garage, Driveway.
Brick
Building Details
Year Built
1973
Stories
2
Listing Agency:
Fairfax Realty Premier
(301) 439-9500
Listed By:
Rocio Mosquera · License #599174
(301) 910-3255
Source:
Xome
Added: May 18, 2023
Changed: Aug 31
Last Checked: Aug 31 at 2:44PM
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 Fairfax Realty Premier
Investment Insights
Based on property information with market context.
This triplex property includes 1,546 square feet and was built in 1973. The main level provides a living room with a bay window, hardwood flooring, a dining area, four bedrooms, two bathrooms, and a kitchen with wood cabinetry and ceramic flooring. Finished lower-level space includes a family room, an additional room suitable for office, exercise, or play use, and a full bathroom. New flooring and fresh paint are also noted.
Exterior features include an attached two-car garage, driveway, brick construction, sunroom, and backyard deck. The property also has a pool and jacuzzi; the pool has not been used for four years, and the jacuzzi has never been used by the owner. Located in Upper Marlboro near shopping centers, restaurants, hospitals, and Watkins Park Plaza, the property is offered as-is.
Exterior features include an attached two-car garage, driveway, brick construction, sunroom, and backyard deck. The property also has a pool and jacuzzi; the pool has not been used for four years, and the jacuzzi has never been used by the owner. Located in Upper Marlboro near shopping centers, restaurants, hospitals, and Watkins Park Plaza, the property is offered as-is.
Key Highlights
- 1,546‑square‑foot property built in 1973
- Four main‑level bedrooms and two main‑level bathrooms
- Finished lower level with family room, additional flexible room, and full bathroom
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
$22,463
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
5.22%
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%
$449,260
$449.3K
Cap Rate 7%
$320,900
$320.9K
Cap Rate 9%
$249,589
$249.6K
Market Conditions
NOI Build-Up for 1,546 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
$34.3K $22.20/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$32.1K $20.76/SF
− OpEx
−$9.6K −$6.23/SF
NOI
$22.5K $14.53/SF
Area
Prince George's County, MD
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
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%
$449,260
Cap Rate 7%
$320,900
Cap Rate 9%
$249,589
Alternative Uses
Best Use
Multifamily LT 5
$320.9K
$280.8K – $374.4K
NOI $22,463 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$297.3K
$260.2K – $346.9K
NOI $20,813 @ 7.0% cap · market cap 4.84%
Theoretical Best
Specialty Retail
$498.7K
$436.4K – $581.9K
NOI $34,911 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
184
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Residential property offering finished lower-level space, attached parking, and outdoor recreation features.
Where is this triplex located?
The property is located at 12902 Princeleigh Street Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 1,546‑square‑foot property built in 1973; Four main‑level bedrooms and two main‑level bathrooms; Finished lower level with family room, additional flexible room, and full bathroom
