Two-Bedroom Residential Income
For Sale
$290,000
9811 LAKE POINTE COURT Unit 304, Upper Marlboro, MD 20774
The penthouse layout pairs a private deck with an in-unit washer and dryer.
Property Size1,142 SF
Price / SF$253.94
Days on Market26
Property Features for 9811 LAKE POINTE COURT Unit 304
General Information
Standard status
Active
Size
1,142 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,308
Building Details
Building Size
1,142 SF
Year Built
1992
Listing Agency:
Delta Exclusive Realty, LLC
Listed By:
Deatra K Trinidad · License #580123
(240) 475-9098
Source:
Districtpropertygroup
Added: Oct 4
Changed: Oct 27
Last Checked: Oct 27 at 4:18AM
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 Delta Exclusive Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,142-square-foot penthouse condominium in Upper Marlboro offers two bedrooms and two full bathrooms. Its layout includes a dining area with skylights, a living room with a wood-burning fireplace, and a sliding door to the deck. The primary bedroom has a walk-in closet and an en-suite bath with a separate shower and soaking tub. The kitchen features stainless steel appliances, granite counters, and a breakfast nook; a full-sized washer and dryer are located inside the unit. Built in 1992, the residence also has a secured building entrance and one reserved parking space, with visitor parking available in the community.
Routes 495, 301, and 50 are nearby, as are WMATA Metrobus and Metrorail services. Area destinations mentioned include Woodmore Town Centre, Joint Base Andrews, and the University of Maryland Capital Region Medical Center. The community also has access to Largo Town Center Park’s trail.
Routes 495, 301, and 50 are nearby, as are WMATA Metrobus and Metrorail services. Area destinations mentioned include Woodmore Town Centre, Joint Base Andrews, and the University of Maryland Capital Region Medical Center. The community also has access to Largo Town Center Park’s trail.
Key Highlights
- Penthouse condominium with 1,142 square feet
- Two bedrooms and two full bathrooms
- Living room features a wood‑burning fireplace and opens to a deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,374
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,480
$307.5K
Cap Rate 7%
$219,629
$219.6K
Cap Rate 9%
$170,822
$170.8K
Market Conditions
NOI Build-Up for 1,142 SF
Gross rent
$29.7K $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%
$307,480
Cap Rate 7%
$219,629
Cap Rate 9%
$170,822
Alternative Uses
Best Use
Apartment 5plus
$219.6K
$192.2K – $256.2K
NOI $15,374 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$368.4K
$322.4K – $429.8K
NOI $25,788 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,152
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The penthouse layout pairs a private deck with an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 9811 LAKE POINTE COURT Unit 304 Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Penthouse condominium with 1,142 square feet; Two bedrooms and two full bathrooms; Living room features a wood‑burning fireplace and opens to a deck
