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Multi-Family Apartment Building
For Sale
$750,000

15488 MOUNT CALVERT ROAD, Upper Marlboro, MD 20772

Large apartment building with 12 units, in-building furnaces, and an inactive water tower.

Property SizeContact for details
Days on Market113

Property Features for 15488 MOUNT CALVERT ROAD

General Information

Standard status Active
Property subtype Five Or More Units
Occupancy 92%

Additional Details

Sprinkler System Yes
Multifamily Units 12

Taxes and HOA fees

Annual Taxes $7,986

Building Details

Year Built 1940
Listing Agency: Ashland Auction Group LLC
Listed By: Adam M Shpritz · License #RMR004765
Source: Kerishull
Added: May 4 Changed: Aug 23 Last Checked: Aug 15 at 5:08AM

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 Ashland Auction Group LLC

Investment Insights

Based on property information with market context.

Large multi-family apartment building located in Upper Marlboro, Maryland within Prince George's County. The property includes 12 different units and features a pressure tank and fire suppression system, with one furnace located in each unit. It also has a water tower that is currently inactive.

Residents have access to nearby parks and attractions, and the property offers easy access to Crain Hwy. As of May 4, 2026, the property is reported to be approximately 92% occupied.

Auction terms are administered through the Ashland Auction Group Website Bidding Platform, with bidding beginning 05/15/2026 at 10:00 AM and ending 05/19/2026 at 11:00 AM. The list price is identified as the suggested opening bid, and a $50,000 deposit is noted in the public remarks.

Key Highlights

  • Large apartment building in Upper Marlboro, MD (Prince George’s County) with 12 different units
  • 92% occupied as of May 4, 2026
  • One furnace is located in each unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Skin Care Clinic Acupuncture Pet Store Gym & Fitness Center Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units
92%
Occupancy
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 20772, MD

51,395
Population
19,658
Households
2.6
Avg Household Size
41
Median Age
46%
College-Educated
94%
High-School Grad
72.5 sq mi
ZIP Area
709
Density / Sq Mi
$135,576
Median Household Income
$74,434
Median Earnings
$2,045
Median Rent
$443,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Large apartment building with 12 units, in-building furnaces, and an inactive water tower.
Where is this apartment building located?
The property is located at 15488 MOUNT CALVERT ROAD Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Large apartment building in Upper Marlboro, MD (Prince George’s County) with 12 different units; 92% occupied as of May 4, 2026; One furnace is located in each unit
More about this property
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