One-Bedroom Condominium with
For Sale
$179,900
8941 TOWN CENTER CIRCLE Unit 2-308, Upper Marlboro, MD 20774
A third-floor home offers in-unit laundry, a fireplace, storage, and assigned parking in a gated community.
Property Size704 SF
Price / SF$255.54
Days on Market30
Property Features for 8941 TOWN CENTER CIRCLE Unit 2-308
General Information
Standard status
Active
Size
704 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,511
Amenities
washer and dryer
fireplace
storage
balcony
gated community
Building Details
Building Size
704 SF
Year Built
1997
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Annette Ekeruche · License #1105644093
(240) 351-7509
Source:
Districtpropertygroup
Added: Sep 30
Changed: Oct 27
Last Checked: Oct 27 at 4:16AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This third-floor condominium has one bedroom and one full bathroom, along with a balcony, fireplace, storage, and a washer and dryer. The interior was painted in 2024, and the hot water system was replaced in 2022. A new washer and dryer were installed in 2020. Assigned parking is provided, and water is included in the condo fee.
Largo Metro, served by the Blue and Silver lines, is a five-minute walk away. A medical center is across the street. The gated community was built in 1997.
Largo Metro, served by the Blue and Silver lines, is a five-minute walk away. A medical center is across the street. The gated community was built in 1997.
Key Highlights
- One bedroom and one full bathroom on the third floor
- Balcony, fireplace, storage, and in‑unit washer and dryer
- Painted in 2024; hot water replaced in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,478
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,560
$189.6K
Cap Rate 7%
$135,400
$135.4K
Cap Rate 9%
$105,311
$105.3K
Market Conditions
NOI Build-Up for 704 SF
Gross rent
$18.3K $26.04/SF
− Vacancy
−$1.1K −$1.56/SF
EGI
$17.2K $24.48/SF
− OpEx
−$7.8K −$11.01/SF
NOI
$9.5K $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%
$189,560
Cap Rate 7%
$135,400
Cap Rate 9%
$105,311
Alternative Uses
Best Use
Apartment 5plus
$135.4K
$118.5K – $158.0K
NOI $9,478 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$227.1K
$198.7K – $265.0K
NOI $15,898 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,060
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - A third-floor home offers in-unit laundry, a fireplace, storage, and assigned parking in a gated community.
Where is this residential income property located?
The property is located at 8941 TOWN CENTER CIRCLE Unit 2-308 Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: One bedroom and one full bathroom on the third floor; Balcony, fireplace, storage, and in‑unit washer and dryer; Painted in 2024; hot water replaced in 2022
