Two-Bedroom Condo with
3702 EXCALIBUR COURT Unit 203, Bowie, MD 20716
For Sale
$325,000
Updated interior includes refreshed bedroom and living-area floors, two full bathrooms, and an open living space.
Property Size1,396 SF
Days on Market40
Property Features for 3702 EXCALIBUR COURT Unit 203
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
private balcony
Building Details
Building Size
Year Built
Listing Agency:
CENTURY 21 New Millennium
Listed By:
Jimmie Jennings III · License MD #0639437
(301) 861-6492
Source:
Bradkappel
Added: Oct 6
Changed: Nov 12
Last Checked: Nov 12 at 2:29PM
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 CENTURY 21 New Millennium
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Investment Insights
Based on property information with market context.
This Bowie condo offers two bedrooms and two full bathrooms, with an open living area and a private balcony. Recent interior work includes fresh paint throughout and new flooring in both bedrooms and the shared living areas. Built in 2000, the unit provides a straightforward residential layout with indoor and outdoor living space.
Bowie Town Center, parks, shopping, restaurants, entertainment, and recreation are nearby. Regional routes identified in the area include US-50, MD-197, I-495, and I-95.
Bowie Town Center, parks, shopping, restaurants, entertainment, and recreation are nearby. Regional routes identified in the area include US-50, MD-197, I-495, and I-95.
Key Highlights
- Two bedrooms and two full bathrooms
- Private balcony
- Fresh paint throughout and new flooring in both bedrooms and common living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,794
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,880
$375.9K
Cap Rate 7%
$268,486
$268.5K
Cap Rate 9%
$208,822
$208.8K
Market Conditions
NOI Build-Up for 1,396 SF
Gross rent
$36.4K $26.04/SF
− Vacancy
−$2.2K −$1.56/SF
EGI
$34.2K $24.48/SF
− OpEx
−$15.4K −$11.01/SF
NOI
$18.8K $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%
$375,880
Cap Rate 7%
$268,486
Cap Rate 9%
$208,822
Alternative Uses
Best Use
Apartment 5plus
$268.5K
$234.9K – $313.2K
NOI $18,794 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$450.3K
$394.1K – $525.4K
NOI $31,524 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
Explore this area
Business Placement
Demographics for 20716, MD
22,874
Population
9,492
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
94%
High-School Grad
11.5 sq mi
ZIP Area
1,989
Density / Sq Mi
$122,683
Median Household Income
$66,987
Median Earnings
$2,140
Median Rent
$405,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Prince George's County, MD
Properties on Market for Residential income properties in Prince George's County
Frequently Asked Questions
What type of property is this?
Residential income property - Updated interior includes refreshed bedroom and living-area floors, two full bathrooms, and an open living space.
Where is this residential income property located?
The property is located at 3702 EXCALIBUR COURT Unit 203 Bowie, MD.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Private balcony; Fresh paint throughout and new flooring in both bedrooms and common living areas
