UPDATED:
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Active
Purchase Type For Sale
Square Footage 1,354 sqft
Price per Sqft $247
Subdivision Covington Condominiums
MLS Listing ID MDPG2166878
Style Unit/Flat
Bedrooms 2
Full Baths 2
Condo Fees $305/mo
HOA Y/N N
Year Built 1999
Available Date 2025-09-12
Annual Tax Amount $2,761
Tax Year 2023
Property Sub-Type Condo/Co-op
Source BRIGHT
Property Description
Community and Area Amenities
Secured, elevator-served building with outdoor community pool and tot lot/playground.
Walking distance to two scenic lakes, ideal for morning strolls or weekend picnics.
Just 0.9 mi to Collington Plaza and Mill Branch Shopping Center, and roughly 1 mi to Bowie Town Center's dining, retail, and entertainment options.
Minutes to Bowie State University and easy access to Bowie State MARC station for effortless commutes to Washington, D.C., with Baltimore/Washington International (BWI) and Reagan National Airports both within 23–24 mi.
Top-rated Prince George's County public schools, parks, bike trails, and recreation centers all within a short drive.
Rental Market Analysis for Investors
The Bowie, MD rental market remains robust and investor-friendly:
Average rent across all unit types in Bowie sits at $2,800/month as of late August 2025, down just $95 from last year, reflecting stable demand and a “warm” market temperature.
Two-bedroom, two-bath condos in this complex typically command $2,200/month in gross rent, with water included in the HOA fee, translating to approximately
2,200
⋅
12
335,000
≈
0.079
or a 7.9% gross rent yield.
Vacancy rates in Bowie have historically trended low thanks to strong job growth, excellent schools, and proximity to federal, tech, and healthcare employers—an outlook expected to continue into 2025.
Renters value the walkable shopping, nearby lakes, and community pool access offered here, helping maintain occupancy and reduce turnover costs.
Key Investor Takeaways
Steady average rents and high gross yields in the 7–8% range.
Low vacancies driven by Bowie's employment centers and quality-of-life amenities.
Water, exterior maintenance, snow removal, trash, and common-area utilities covered by HOA, simplifying expense management.
Potential to boost net returns through targeted upgrades (e.g., refreshed kitchen hardware, smart-home thermostats) thanks to strong rental demand.
Location
State MD
County Prince Georges
Zoning U
Rooms
Other Rooms Bedroom 2, Kitchen, Family Room, Breakfast Room, Bedroom 1, Bathroom 1, Bathroom 2
Main Level Bedrooms 2
Interior
Interior Features Floor Plan - Open
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s), Central A/C
Flooring Luxury Vinyl Plank
Fireplaces Number 1
Equipment Dishwasher, Dryer, Oven/Range - Gas, Washer - Front Loading, Water Heater - High-Efficiency
Fireplace Y
Appliance Dishwasher, Dryer, Oven/Range - Gas, Washer - Front Loading, Water Heater - High-Efficiency
Heat Source Natural Gas
Laundry Washer In Unit, Dryer In Unit
Exterior
Garage Spaces 1.0
Amenities Available Other, Pool - Outdoor, Tot Lots/Playground
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 1
Garage N
Building
Story 1
Unit Features Garden 1 - 4 Floors
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Level or Stories 1
Additional Building Above Grade
New Construction N
Schools
School District Prince George'S County Public Schools
Others
Pets Allowed Y
HOA Fee Include All Ground Fee
Senior Community No
Tax ID 17073238292
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
Pets Allowed No Pet Restrictions
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