One-Bedroom Residential Income
For Sale
$174,900
10572 TWIN RIVERS ROAD Unit C-2, Columbia, MD 21044
One-level condo with a solarium, wood-burning fireplace, updated bath, and assigned parking near Wilde Lake Village amenities.
Property Size746 SF
Days on Market65
Property Features for 10572 TWIN RIVERS ROAD Unit C-2
General Information
Standard status
Active
Size
746 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Faulkner Ridge
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,148
Building Details
Building Size
746 SF
Year Built
1975
Listing Agency:
RE/MAX Realty Group
Listed By:
Jeffrey M Berman · License #584429
(410) 715-3390
Source:
Thehulsmangroup
Added: Aug 21
Changed: Oct 21
Last Checked: Oct 23 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 RE/MAX Realty Group
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium offers one-level living with a separate dining room, enclosed solarium, and living room fireplace. The kitchen includes gas cooking, ample cabinet storage, and a built-in microwave. Luxury vinyl plank flooring extends through much of the home, while the primary bedroom features new carpeting, open-space views, and a walk-in closet. Gas heat and gas hot water serve the residence, and the bathroom has been updated.
The condo backs to open space, parkland, and mature woods in Wilde Lake Village, Columbia. Shopping and dining are available at the Shops at Wilde Lake Village, with Columbia Mall and additional village centers nearby. Community amenities in the surrounding area include pools, golf courses, lakes, parkland, walking and jogging paths, dog parks, and community centers. The property was built in 1975 and includes an assigned parking space directly in front of the entrance, along with additional spaces in front of the building.
The condo backs to open space, parkland, and mature woods in Wilde Lake Village, Columbia. Shopping and dining are available at the Shops at Wilde Lake Village, with Columbia Mall and additional village centers nearby. Community amenities in the surrounding area include pools, golf courses, lakes, parkland, walking and jogging paths, dog parks, and community centers. The property was built in 1975 and includes an assigned parking space directly in front of the entrance, along with additional spaces in front of the building.
Key Highlights
- 1‑bedroom, 1‑bath condominium with one‑level living
- Enclosed solarium and living room with a real wood‑burning fireplace
- Primary bedroom includes open‑space views and a substantial walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,699
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,980
$194.0K
Cap Rate 7%
$138,557
$138.6K
Cap Rate 9%
$107,767
$107.8K
Market Conditions
NOI Build-Up for 746 SF
Gross rent
$18.8K $25.20/SF
− Vacancy
−$1.2K −$1.56/SF
EGI
$17.6K $23.64/SF
− OpEx
−$7.9K −$10.64/SF
NOI
$9.7K $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%
$193,980
Cap Rate 7%
$138,557
Cap Rate 9%
$107,767
Alternative Uses
Best Use
Apartment 5plus
$138.6K
$121.2K – $161.7K
NOI $9,699 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$237.2K
$207.5K – $276.7K
NOI $16,602 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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
Frequently Asked Questions
What type of property is this?
Residential income property - One-level condo with a solarium, wood-burning fireplace, updated bath, and assigned parking near Wilde Lake Village amenities.
Where is this residential income property located?
The property is located at 10572 TWIN RIVERS ROAD Unit C-2 Columbia, MD.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: 1‑bedroom, 1‑bath condominium with one‑level living; Enclosed solarium and living room with a real wood‑burning fireplace; Primary bedroom includes open‑space views and a substantial walk‑in closet
