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    9226 FOWLER Lane Lanham, MD 20706

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    Claim this Listing
    For Sale
    $735,000

    MULTI_FAMILY - Cape Cod - LANHAM, MD

    Property size:
    2,048 SF
    Lot size:
    0.48 Acres
    Price / SF:
    $358/SF
    Added:
    Jan 17, 2026
    Days on Market:
    110
    Last Refresh:
    May 7 at 5:06 pm

    Property Features for 9226 FOWLER Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking
    7
    Parking features
    Driveway
    Fireplace
    1
    Standard status
    Active
    Size
    2,048 SF
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5580

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1941
    Number of units
    1
    Building materials
    Frame
    Architectural style
    Cape Cod

    We can help!

    Listing Contact
    Jose Salvador Rivera Jr

    Listing agent Jose Salvador Rivera Jr License #5013038

    Listing office RE/MAX Excellence Realty 10230 New Hampshire Avenue unit: 200, SILVER SPRING, MD

    Listing date Jan 17, 2026

    MLS# MDPG2189222 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Separate 1000 sq ft ADU/second home with 2 bedrooms, 1 bath, kitchen, and washer/dryer, ideal for multigenerational living or guests.
    • Fully remodeled main residence with 5 bedrooms and 2 updated full bathrooms.
    • Newly constructed second home completed in December 2024 with permits and quality craftsmanship.
    • Large .48‑acre lot with fenced‑in yard, playground area, and cement patio.
    • Open‑concept layout in the main home with generous living, dining, and kitchen spaces.
    • Parking for up to seven vehicles.

    Overview

    Renovated Multi-Family Cape Cod

    This renovated property features two homes on a 0.48-acre lot. The main residence offers 2048 square feet of living space, with 5 bedrooms and 2 updated full bathrooms. The layout is open-concept, encompassing living, dining, and kitchen areas. Recent renovations include updated finishes throughout, oversized upstairs bedrooms, and remodeled bathrooms. A second home, completed in December 2024, provides an additional 1000 square feet of living space. This ADU includes 2 bedrooms, 1 full bath, an open floor plan, a kitchen with appliances, and its own washer and dryer. The property is suitable for multigenerational living or guest accommodations. Both homes are move-in ready and independently comfortable, with a total of three A/C compressors. Outdoor features include a large cement patio, a fenced-in yard, and a playground area. The driveway and parking area can accommodate up to seven vehicles. The property is located in Lanham, Maryland.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lanham
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.85054
    Latitude
    38.95647

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    FAQs

    What type of property is this?
    Single family property - Two homes on a .48-acre lot, move-in ready.
    Where is this single family property located?
    The property is located at 9226 FOWLER Lane Lanham, MD.
    What is the asking price?
    The asking price for this property is $735,000.
    What are key features of this property?
    This property features: Separate 1000 sq ft ADU/second home with 2 bedrooms, 1 bath, kitchen, and washer/dryer, ideal for multigenerational living or guests.; Fully remodeled main residence with 5 bedrooms and 2 updated full bathrooms.; Newly constructed second home completed in December 2024 with permits and quality craftsmanship.
    (240) 818-9298
    We can help!
    Listing Contact
    Jose Salvador Rivera Jr
    Real Estate License ID: 5013038
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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