Top-Floor Residential Income
For Sale
$199,000
103 WATER FOUNTAIN WAY Unit 303, Glen Burnie, MD 21060
Unit 303 offers a private balcony, attic storage, and access to community recreation amenities.
Property Size798 SF
Days on Market70
Property Features for 103 WATER FOUNTAIN WAY Unit 303
General Information
Standard status
Active
Size
798 SF
Property subtype
Penthouse Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,337
Building Details
Building Size
798 SF
Year Built
1999
Listing Agency:
Compass
Listed By:
Kimberly K McGrath · License #651423
(301) 351-5792
Source:
Thehulsmangroup
Added: Jul 28
Changed: Oct 3
Last Checked: Oct 4 at 4:47PM
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 Compass
Investment Insights
Based on property information with market context.
Unit 303 is a top-floor residential income property built in 1999, featuring abundant natural light, tall ceilings, updated flooring, and mostly newer appliances. The residence also includes attic storage and a private balcony with a wooded outlook.
Community amenities include a swimming pool, playground, tennis courts, and walking paths. The property is located in Glen Burnie, Maryland, with convenient access to major highways and commuting routes. Its setting also places everyday shopping, coffee, and dining within walking distance, as described for the surrounding area.
Community amenities include a swimming pool, playground, tennis courts, and walking paths. The property is located in Glen Burnie, Maryland, with convenient access to major highways and commuting routes. Its setting also places everyday shopping, coffee, and dining within walking distance, as described for the surrounding area.
Key Highlights
- Top‑floor Unit 303 with tall ceilings and strong natural light
- Attic storage and private balcony with a wooded view
- Mostly newer appliances and updated flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,770
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,400
$215.4K
Cap Rate 7%
$153,857
$153.9K
Cap Rate 9%
$119,667
$119.7K
Market Conditions
NOI Build-Up for 798 SF
Gross rent
$20.9K $26.16/SF
− Vacancy
−$1.3K −$1.62/SF
EGI
$19.6K $24.54/SF
− OpEx
−$8.8K −$11.04/SF
NOI
$10.8K $13.50/SF
Area
Anne Arundel County, MD
Vacancy
6.20%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,400
Cap Rate 7%
$153,857
Cap Rate 9%
$119,667
Alternative Uses
Best Use
Apartment 5plus
$153.9K
$134.6K – $179.5K
NOI $10,770 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.4K
$204.3K – $272.3K
NOI $16,340 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Explore this area
Business Placement
Demographics for 21060, MD
38,269
Population
15,988
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
2,944
Density / Sq Mi
$99,739
Median Household Income
$57,005
Median Earnings
$1,620
Median Rent
$352,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Unit 303 offers a private balcony, attic storage, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 103 WATER FOUNTAIN WAY Unit 303 Glen Burnie, MD.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Top‑floor Unit 303 with tall ceilings and strong natural light; Attic storage and private balcony with a wooded view; Mostly newer appliances and updated flooring
