Residential Income Property with
For Sale
$299,900
9601 LAKE POINTE COURT Unit 304, Upper Marlboro, MD 20774
The two-bedroom residence includes a loft, an open living and dining area, and a private balcony.
Property Size1,145 SF
Price / SF$261.92
Days on Market41
Property Features for 9601 LAKE POINTE COURT Unit 304
General Information
Standard status
Active
Size
1,145 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA + loft
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,637
Amenities
wood-burning fireplace
balcony
common grounds
Building Details
Building Size
1,145 SF
Year Built
1996
Listing Agency:
Samson Properties
Listed By:
Zhong H Wang · License #520535
(301) 529-7450
Source:
Districtpropertygroup
Added: Sep 19
Changed: Oct 27
Last Checked: Oct 27 at 4:14AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 1,145-square-foot residential unit, built in 1996, has two bedrooms, two bathrooms, and a loft. Its open living and dining areas connect to a kitchen with upgraded countertops. A wood-burning fireplace anchors the living space, while a staircase leads to the loft. The unit also includes a balcony.
The property is near shopping and dining, with access to Largo Metro, UMD Maryland Capital Region Medical Center, and FedEx Field. The association manages common-area maintenance and lawn care and covers essential utilities.
The air conditioning was replaced in 2019, and all water lines were replaced in 2026.
The property is near shopping and dining, with access to Largo Metro, UMD Maryland Capital Region Medical Center, and FedEx Field. The association manages common-area maintenance and lawn care and covers essential utilities.
The air conditioning was replaced in 2019, and all water lines were replaced in 2026.
Key Highlights
- Two bedrooms, two bathrooms, and a loft
- 1,145 square feet; built in 1996
- Wood‑burning fireplace in the living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,415
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,300
$308.3K
Cap Rate 7%
$220,214
$220.2K
Cap Rate 9%
$171,278
$171.3K
Market Conditions
NOI Build-Up for 1,145 SF
Gross rent
$29.8K $26.04/SF
− Vacancy
−$1.8K −$1.56/SF
EGI
$28.0K $24.48/SF
− OpEx
−$12.6K −$11.01/SF
NOI
$15.4K $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%
$308,300
Cap Rate 7%
$220,214
Cap Rate 9%
$171,278
Alternative Uses
Best Use
Apartment 5plus
$220.2K
$192.7K – $256.9K
NOI $15,415 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$369.4K
$323.2K – $430.9K
NOI $25,856 @ 7.0% cap · market cap 8.62%
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
2,152
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 - The two-bedroom residence includes a loft, an open living and dining area, and a private balcony.
Where is this residential income property located?
The property is located at 9601 LAKE POINTE COURT Unit 304 Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two bedrooms, two bathrooms, and a loft; 1,145 square feet; built in 1996; Wood‑burning fireplace in the living area
