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.
Sold for $1,075,000 on 08/21/25
$1,075,000
19645 Point Lookout Rd, Lexington Park, MD 20653
12beds
--baths
5,760sqft
Quadruplex
Built in 2001
-- sqft lot
$1,101,700 Zestimate®
$187/sqft
$2,208 Estimated rent
Home value
$1,101,700
$1.01M - $1.20M
$2,208/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 21, 2025 at 05:00pm
Listed by:
Haris Javaid 240-577-3387,
O'Brien Realty ERA Powered
Bought with:
April Davis, 0225223024
Berkshire Hathaway HomeServices PenFed Realty
Source: Bright MLS,MLS#: MDSM2024788
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
Basement
- Area: 2160
Heating
- Heat Pump, Electric
Cooling
- Ceiling Fan(s), Heat Pump, Programmable Thermostat, Multi Units, Zoned, Electric
Appliances
- Included: Dishwasher, Dryer, Exhaust Fan, Oven, Oven/Range - Electric, Refrigerator, Cooktop, Washer, Electric Water Heater
Features
- Attic, 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), Dry Wall
- Flooring: Luxury Vinyl, Carpet
- Windows: Double Pane Windows
- Basement: Other
- Has fireplace: No
Interior area
- Total structure area: 7,920
- Total interior livable area: 5,760 sqft
Property
Parking
- Total spaces: 12
- Parking features: Circular Driveway, Surface, Asphalt, Driveway
- Uncovered spaces: 12
Accessibility
- Accessibility features: Accessible Doors
Features
- Levels: Multi/Split
- Exterior features: Play Area, Storage
- Pool features: None
- Has view: Yes
- View description: Trees/Woods
- Frontage type: Road Frontage
Lot
- Size: 2 Acres
- Features: Backs to Trees, Cleared, Front Yard, Rear Yard, Rural, SideYard(s), Sloped
Details
- Additional structures: Above Grade, Below Grade, Outbuilding
- Parcel number: 1908044511
- Zoning: RPD
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Beaux Arts
- Property subtype: Quadruplex
Materials
- Advanced Framing, Frame, Stick Built, Vinyl Siding
- Foundation: Block
- Roof: Composition
Condition
- Very Good
- New construction: No
- Year built: 2001
Utilities & green energy
- Sewer: Private Sewer
- Water: Well
- Utilities for property: Cable Available, Electricity Available, Phone Available, Water Available
Community & neighborhood
Security
- Security features: Main Entrance Lock
Location
- Region: Lexington Park
HOA & financial
Other financial information
- Total actual rent: 92448
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,VA Loan
- Ownership: Fee Simple
- Road surface type: Approved, Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2025 | Listing removed | $2,300 |
Source: Zillow Rentals | ||
| 9/29/2025 | Listed for rent | $2,300 |
Source: Zillow Rentals | ||
| 8/21/2025 | Sold | $1,075,000-4.4%$187/sqft |
Source:  Bright MLS #MDSM2024788 | ||
| 6/30/2025 | Contingent | $1,125,000$195/sqft |
Source: Bright MLS #MDSM2024788 | ||
| 5/21/2025 | Listed for sale | $1,125,000+83.8%$195/sqft |
Source: Bright MLS #MDSM2024788 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,250 +23.8% | $749,567 +7.9% |
| 2024 | $6,665 +8.6% | $694,433 +8.6% |
| 2023 | $6,136 +2% | $639,300 |
Find assessor info on the county website
Neighborhood: 20653
Nearby schools
GreatSchools rating
- 3/10Park Hall Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 5/10Spring Ridge Middle SchoolGrades: 6-8Distance: 4.5 mi
- 3/10Great Mills High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: St. Mary's County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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