19645 Point Lookout Road Lexington Park, MD 20653
Listing Courtesy of: BRIGHT IDX / O'Brien Realty ERA Powered / Haris Javaid

  19645 Point Lookout Road Lexington Park, MD 20653

Coming Soon (5 Days)
$1,125,000

Description

Investment Opportunity in the Heart of Lexington Park!Don’t miss this rare opportunity to own a fully leased, cash-flowing quadplex just minutes from Pax River Naval Air Station, shopping, dining, and major employers. Generating over $7,700/month in rental income, this well-maintained asset offers strong cash flow and long-term upside.Each unit features 3 bedrooms, 2.5 baths, in-unit washer/dryers, and private deck off the kitchen, all on two levels. Two units have been renovated with new LVP flooring and fresh paint, and various appliances have been updated in the past 3 years across select units. Tenants pay their own utilities, keeping expenses low and maximizing net income.There is also significant value-add potential, with three unfinished basements that could be converted into additional one-bedroom or studio units (buyer to verify with the county on requirements). A separate on-site shed provides added storage.The property qualifies for conventional residential financing, making it an excellent entry point for investors. All four townhouse-style units are currently leased, but one will be available July 3rd—ideal for an owner-occupant or to re-lease at market rent.The lot offers a rare sense of privacy—tucked just off the main road, surrounded by mature trees. It’s conveniently close to everything, yet set back enough to feel quiet, private, and removed from the high-traffic areas.Listed at a 7% cap rate. Contact the listing agent for the financial overview and lease agreements.

MLS #:
MDSM2024788
Taxes
$6,665(2024)
Lot Size
2 acres
Type
Multifamily
Year Built
2001
Style
Side-by-Side, Split Level, Beaux Arts
School District
St. Mary's County Public Schools
County
St. Mary's County

Listed By

Haris Javaid, O'Brien Realty ERA Powered
Source
BRIGHT IDX
Last checked May 17 2025 at 10:53 AM GMT-0400
Bathroom Details
Interior Features
  • Attic
  • Carpet
  • Ceiling Fan(s)
  • Combination Kitchen/Dining
  • Dining Area
  • Entry Level Bedroom
  • Floor Plan - Traditional
  • Kitchen - Table Space
  • Primary Bath(s)
  • Bathroom - Tub Shower
  • Walk-In Closet(s)
  • Dishwasher
  • Dryer - Electric
  • Exhaust Fan
  • Oven - Single
  • Oven/Range - Electric
  • Refrigerator
  • Stove
  • Washer
  • Walls/Ceilings: Dry Wall
Lot Information
  • Backs to Trees
  • Cleared
  • Front Yard
  • Rear Yard
  • Road Frontage
  • Rural
  • Sideyard(s)
  • Sloping
Property Features
  • Above Grade
  • Below Grade
  • Foundation: Block
Heating and Cooling
  • Heat Pump(s)
  • Ceiling Fan(s)
  • Programmable Thermostat
  • Multi Units
  • Zoned
Basement Information
  • Other
Flooring
  • Luxury Vinyl Plank
  • Carpet
Exterior Features
  • Advanced Framing
  • Frame
  • Stick Built
  • Vinyl Siding
  • Roof: Composite
Utility Information
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Water Available
  • Sewer: Private Sewer
  • Fuel: Electric
Parking
  • Circular Driveway
  • Surface
  • Asphalt Driveway
Living Area
  • 5,760 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
May 12, 2025
Price Changed
$1,125,000
-6%
-75,000

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by O'BRIEN REALTY ERA POWERED and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2025 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/17/25 03:53