Residential Income Property with
New
For Sale
$239,900
8911 TOWN CENTER CIRCLE #201, Upper Marlboro, MD 20774
A gated-community residence offers two bedrooms, two baths, and a gas fireplace.
Property Size968 SF
Days on Market4
Property Features for 8911 TOWN CENTER CIRCLE #201
General Information
Standard status
Active
Size
968 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
gas fireplace
private balcony
scenic lakeside walking paths
beautifully landscaped courtyards
tennis courts
gated community
Building Details
Building Size
968 SF
Year Built
2000
Listing Agency:
RE/MAX Distinctive, LLC
Listed By:
Kevin B White
(202) 800-3200
Source:
Aliciamathis.kw
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 5 at 3:33PM
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 RE/MAX Distinctive, LLC
Investment Insights
Based on property information with market context.
Built in 2000, this condominium has 2 bedrooms and 2 baths, along with a gas fireplace and private balcony. The home is located within a gated community in Upper Marlboro.
Community features include lakeside walking paths, landscaped courtyards, and tennis courts. Downtown Largo Metro is nearby, as are shopping, dining, parks, and major medical facilities.
Community features include lakeside walking paths, landscaped courtyards, and tennis courts. Downtown Largo Metro is nearby, as are shopping, dining, parks, and major medical facilities.
Key Highlights
- 2‑bedroom, 2‑bath condominium
- Private balcony and gas fireplace
- Located in a gated community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,032
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,640
$260.6K
Cap Rate 7%
$186,171
$186.2K
Cap Rate 9%
$144,800
$144.8K
Market Conditions
NOI Build-Up for 968 SF
Gross rent
$25.2K $26.04/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$23.7K $24.48/SF
− OpEx
−$10.7K −$11.01/SF
NOI
$13.0K $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%
$260,640
Cap Rate 7%
$186,171
Cap Rate 9%
$144,800
Alternative Uses
Best Use
Apartment 5plus
$186.2K
$162.9K – $217.2K
NOI $13,032 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$312.3K
$273.2K – $364.3K
NOI $21,859 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,218
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - A gated-community residence offers two bedrooms, two baths, and a gas fireplace.
Where is this residential income property located?
The property is located at 8911 TOWN CENTER CIRCLE #201 Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath condominium; Private balcony and gas fireplace; Located in a gated community
