Residential Income Condo with
For Sale
$244,500
10549 TWIN RIVERS ROAD Unit E-1, Columbia, MD 21044
The two-bedroom unit includes hardwood floors and a balcony enclosed for additional usable space.
Property Size976 SF
Price / SF$250.51
Days on Market64
Property Features for 10549 TWIN RIVERS ROAD Unit E-1
General Information
Standard status
Active
Size
976 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Faulkner Ridge
Highway Access
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,536
Amenities
working wood burning fireplace
enclosed balcony
community centers
fitness centers
pool access (indoor and outdoor)
Building Details
Building Size
976 SF
Year Built
1975
Listing Agency:
eXp Realty
Listed By:
Gene Dru Team
Source:
Genedru
Added: Aug 26
Changed: Oct 27
Last Checked: Oct 26 at 4:41PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 976-square-foot condo unit in Columbia has two bedrooms and two bathrooms. Interior features include hardwood flooring, an enclosed balcony, and a wood-burning fireplace. The unit was built in 1975 and has been updated.
The property is near the Mall of Columbia, hospitals, major highways, and a broad range of retail and dining options. Association amenities include access to community centers, fitness centers, and indoor and outdoor pools.
The property is near the Mall of Columbia, hospitals, major highways, and a broad range of retail and dining options. Association amenities include access to community centers, fitness centers, and indoor and outdoor pools.
Key Highlights
- 976‑square‑foot condo unit with 2 bedrooms and 2 bathrooms
- Wood‑burning fireplace and hardwood floors
- Enclosed balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,689
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,780
$253.8K
Cap Rate 7%
$181,271
$181.3K
Cap Rate 9%
$140,989
$141.0K
Market Conditions
NOI Build-Up for 976 SF
Gross rent
$24.6K $25.20/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$23.1K $23.64/SF
− OpEx
−$10.4K −$10.64/SF
NOI
$12.7K $13.00/SF
Area
Columbia, MD
Vacancy
6.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,780
Cap Rate 7%
$181,271
Cap Rate 9%
$140,989
Alternative Uses
Best Use
Apartment 5plus
$181.3K
$158.6K – $211.5K
NOI $12,689 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.3K
$271.5K – $362.0K
NOI $21,721 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,982
Businesses Nearby
Explore this area
Business Placement
Demographics for 21044, MD
44,284
Population
19,776
Households
2.2
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
11.9 sq mi
ZIP Area
3,721
Density / Sq Mi
$132,924
Median Household Income
$69,565
Median Earnings
$2,096
Median Rent
$541,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom unit includes hardwood floors and a balcony enclosed for additional usable space.
Where is this residential income property located?
The property is located at 10549 TWIN RIVERS ROAD Unit E-1 Columbia, MD.
What is the asking price?
The asking price for this property is $244,500.
What are key features of this property?
This property features: 976‑square‑foot condo unit with 2 bedrooms and 2 bathrooms; Wood‑burning fireplace and hardwood floors; Enclosed balcony
