House for sale, 19645 Point Lookout Rd, MD - St. Mary's, MD, in St. Mary's County, United States

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.