Two-Bedroom Residential Income
For Sale
$295,000
9720 LAKE POINTE COURT Unit 204, Upper Marlboro, MD 20774
The condominium offers separate living and dining areas, plus two bedrooms and two full bathrooms.
Property Size1,139 SF
Price / SF$258
Days on Market100
Property Features for 9720 LAKE POINTE COURT Unit 204
General Information
Standard status
Active
Size
1,139 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,442
Building Details
Building Size
1,139 SF
Year Built
1995
Listing Agency:
RLAH @properties
Listed By:
Sherine N Burnett · License #5006710
(202) 409-6733
Source:
Districtpropertygroup
Added: Jul 22
Changed: Oct 27
Last Checked: Oct 27 at 3:32AM
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 RLAH @properties
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Investment Insights
Based on property information with market context.
Located in the Lake Pointe community in Upper Marlboro, this 1,139-square-foot condominium was built in 1995. Its two-bedroom, two-bathroom layout includes a living room, a distinct dining area, and a kitchen with cabinet and counter space. The primary bedroom has an en-suite bathroom, while the second bedroom is served by a full bathroom off the hall.
Shopping, restaurants, parks, and major commuter routes are described as minutes away.
Shopping, restaurants, parks, and major commuter routes are described as minutes away.
Key Highlights
- 1,139‑square‑foot condominium
- Two bedrooms and two full bathrooms
- Separate living room and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,334
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,680
$306.7K
Cap Rate 7%
$219,057
$219.1K
Cap Rate 9%
$170,378
$170.4K
Market Conditions
NOI Build-Up for 1,139 SF
Gross rent
$29.7K $26.04/SF
− Vacancy
−$1.8K −$1.56/SF
EGI
$27.9K $24.48/SF
− OpEx
−$12.5K −$11.01/SF
NOI
$15.3K $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%
$306,680
Cap Rate 7%
$219,057
Cap Rate 9%
$170,378
Alternative Uses
Best Use
Apartment 5plus
$219.1K
$191.7K – $255.6K
NOI $15,334 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$367.4K
$321.5K – $428.7K
NOI $25,721 @ 7.0% cap · market cap 8.72%
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
1,218
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 condominium offers separate living and dining areas, plus two bedrooms and two full bathrooms.
Where is this residential income property located?
The property is located at 9720 LAKE POINTE COURT Unit 204 Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,139‑square‑foot condominium; Two bedrooms and two full bathrooms; Separate living room and dining area
