One-Bedroom Loft Residential
For Sale
$169,000
14006 KORBA PL #3F, Laurel, MD 20707
LAUREL, MD
Property Size699 SF
Lot Size0.09 Acres
Price / SF$241.77
Days on Market26
Property Features for 14006 KORBA PL #3F
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1
Subdivision
LAUREL LAKES PLAT 4
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
Lot size
0.09 Acres
Amenities
private balcony
Building Details
Year built
1985
Listing Agency:
Greater Silver Spring
(301) 388-2600
Listed By:
Chris Kelly
Added: Sep 10
Changed: Oct 1
Last Checked: Oct 5 at 9:06PM
MLS# MDPG2218224
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.
This residential income property offers 699 square feet with one bedroom and a loft. The interior uses an open-concept arrangement, linking the kitchen and living room to a private balcony. The property includes dedicated parking and sits on a 0.09-acre lot with a low-maintenance exterior. Built in 1985, it is offered in as-is condition.
The property is located in Laurel near Laurel Shopping Center and Laurel Town Center. Nearby commercial amenities include Costco, Lowe’s, Target, Michaels, Best Buy, restaurants, and transportation options. The address is 14006 Korba Pl #3F, Laurel, Maryland 20707.
The property is located in Laurel near Laurel Shopping Center and Laurel Town Center. Nearby commercial amenities include Costco, Lowe’s, Target, Michaels, Best Buy, restaurants, and transportation options. The address is 14006 Korba Pl #3F, Laurel, Maryland 20707.
Key Highlights
- 699 square feet with one bedroom plus a loft
- Private balcony connected to the open‑concept living area
- Dedicated parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,410
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,200
$188.2K
Cap Rate 7%
$134,429
$134.4K
Cap Rate 9%
$104,556
$104.6K
Market Conditions
NOI Build-Up for 699 SF
Gross rent
$18.2K $26.04/SF
− Vacancy
−$1.1K −$1.56/SF
EGI
$17.1K $24.48/SF
− OpEx
−$7.7K −$11.01/SF
NOI
$9.4K $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 Rate 5%
$188,200
Cap Rate 7%
$134,429
Cap Rate 9%
$104,556
Alternative Uses
Best Use
Apartment 5plus
$134.4K
$117.6K – $156.8K
NOI $9,410 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$225.5K
$197.3K – $263.1K
NOI $15,785 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,266
Businesses Nearby
Explore this area
Business Placement
Demographics for 20707, MD
37,702
Population
15,146
Households
2.5
Avg Household Size
37
Median Age
45%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
2,992
Density / Sq Mi
$104,093
Median Household Income
$58,633
Median Earnings
$1,880
Median Rent
$411,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept living connects the kitchen and living area to a private balcony, with dedicated parking included.
Where is this residential income property located?
The property is located at 14006 KORBA PL #3F Laurel, MD.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 699 square feet with one bedroom plus a loft; Private balcony connected to the open‑concept living area; Dedicated parking included
