Two-Bedroom
9704 LAKE POINTE COURT Unit 102, Upper Marlboro, MD 20774
For Sale
$245,000
Ground-floor placement provides direct, step-free access to the two-bedroom residence.
Property Size1,065 SF
Days on Market184
Property Features for 9704 LAKE POINTE COURT Unit 102
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Ellison Realty Services
Listed By:
Nathaniel Ellison · License #10491211030
(585) 703-0167
Source:
Bradkappel
Added: May 10
Changed: Nov 8
Last Checked: Nov 8 at 4:42PM
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 Ellison Realty Services
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Investment Insights
Based on property information with market context.
This 1995 condominium has two bedrooms and two full bathrooms on the first floor. An open living and dining area connects with a kitchen offering substantial cabinet storage. The primary bedroom has its own full bathroom and closet space; the second bedroom can serve as guest accommodation or a separate work area.
Shopping, restaurants, commuter routes, and local services are described as being nearby in Upper Marlboro, Maryland.
Shopping, restaurants, commuter routes, and local services are described as being nearby in Upper Marlboro, Maryland.
Key Highlights
- Two bedrooms and two full bathrooms
- First‑floor condominium with direct ground‑level access
- Primary bedroom includes a private full bathroom and closet space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,338
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,760
$286.8K
Cap Rate 7%
$204,829
$204.8K
Cap Rate 9%
$159,311
$159.3K
Market Conditions
NOI Build-Up for 1,065 SF
Gross rent
$27.7K $26.04/SF
− Vacancy
−$1.7K −$1.56/SF
EGI
$26.1K $24.48/SF
− OpEx
−$11.7K −$11.01/SF
NOI
$14.3K $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%
$286,760
Cap Rate 7%
$204,829
Cap Rate 9%
$159,311
Alternative Uses
Best Use
Apartment 5plus
$204.8K
$179.2K – $239.0K
NOI $14,338 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$343.6K
$300.6K – $400.8K
NOI $24,050 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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
$439,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Prince George's County, MD
Properties on Market for Residential income properties in Prince George's County
Frequently Asked Questions
What type of property is this?
Residential income property - Ground-floor placement provides direct, step-free access to the two-bedroom residence.
Where is this residential income property located?
The property is located at 9704 LAKE POINTE COURT Unit 102 Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; First‑floor condominium with direct ground‑level access; Primary bedroom includes a private full bathroom and closet space
