Residential Income Property with
For Sale
$250,000
8961 TOWN CENTER CIRCLE Unit 1-311, Upper Marlboro, MD 20774
Top-floor, two-bedroom condo in a gated community near Downtown Largo Metro Station.
Property Size982 SF
Price / SF$254.58
Days on Market81
Property Features for 8961 TOWN CENTER CIRCLE Unit 1-311
General Information
Standard status
Active
Size
982 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,308
Amenities
private balcony
gas fireplace
gated community
walking paths
lake
landscaped courtyards
tennis courts
Building Details
Building Size
982 SF
Year Built
1998
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Brandon John Lindsey
(240) 550-5214
Source:
Districtpropertygroup
Added: Aug 10
Changed: Oct 28
Last Checked: Oct 28 at 1:35AM
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 982-square-foot, top-floor condo has two bedrooms and two bathrooms. Interior features include cathedral ceilings, a gas fireplace and bay windows in the primary suite. A private balcony faces the community tennis courts, and the property was built in 1998.
The gated community is near Downtown Largo Metro Station. Shared amenities include tennis courts, landscaped courtyards and walking paths around a lake. The residence is VA-approved.
The gated community is near Downtown Largo Metro Station. Shared amenities include tennis courts, landscaped courtyards and walking paths around a lake. The residence is VA-approved.
Key Highlights
- 982‑square‑foot, two‑bedroom, two‑bath condo
- Top‑floor unit with a private balcony overlooking community tennis courts
- Gated community near Downtown Largo Metro Station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,220
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,400
$264.4K
Cap Rate 7%
$188,857
$188.9K
Cap Rate 9%
$146,889
$146.9K
Market Conditions
NOI Build-Up for 982 SF
Gross rent
$25.6K $26.04/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$24.0K $24.48/SF
− OpEx
−$10.8K −$11.01/SF
NOI
$13.2K $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%
$264,400
Cap Rate 7%
$188,857
Cap Rate 9%
$146,889
Alternative Uses
Best Use
Apartment 5plus
$188.9K
$165.3K – $220.3K
NOI $13,220 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$316.8K
$277.2K – $369.6K
NOI $22,175 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
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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 - Top-floor, two-bedroom condo in a gated community near Downtown Largo Metro Station.
Where is this residential income property located?
The property is located at 8961 TOWN CENTER CIRCLE Unit 1-311 Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 982‑square‑foot, two‑bedroom, two‑bath condo; Top‑floor unit with a private balcony overlooking community tennis courts; Gated community near Downtown Largo Metro Station
