Residential Income Property with
For Sale
$255,000
11540 LITTLE PATUXENT PARKWAY Unit 104, Columbia, MD 21044
Two-bedroom condominium with an open layout, in-unit laundry, community recreation features, and association-managed exterior maintenance.
Property Size778 SF
Days on Market18
Property Features for 11540 LITTLE PATUXENT PARKWAY Unit 104
General Information
Standard status
Active
Size
778 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,512
Amenities
walking paths
tennis courts
recreational center
Building Details
Building Size
778 SF
Year Built
1984
Listing Agency:
REMAX Platinum Realty
Listed By:
Dennis Romero · License #661535
(301) 775-7544
Source:
Thehulsmangroup
Added: Sep 18
Changed: Oct 3
Last Checked: Oct 4 at 2:41PM
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 REMAX Platinum Realty
Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bathroom condominium offers an open interior arrangement with connected living, dining, and kitchen areas. The kitchen includes a built-in microwave, stove, and dishwasher, while a front-loading washer and dryer add functional convenience. The unit was built in 1984 and is positioned on a peaceful cul-de-sac with landscaped surroundings and ample parking.
Community features include walking paths, tennis courts, and a recreational center. Association services cover exterior maintenance, snow removal, and trash service. The property is located in the Village Hickory Ridge/Clary's Forest community near parks, walking and jogging paths, shopping, dining, and recreational activities.
Community features include walking paths, tennis courts, and a recreational center. Association services cover exterior maintenance, snow removal, and trash service. The property is located in the Village Hickory Ridge/Clary's Forest community near parks, walking and jogging paths, shopping, dining, and recreational activities.
Key Highlights
- 2‑bedroom, 2‑bathroom condominium
- Open floor plan connecting living, dining, and kitchen areas
- Built‑in microwave, stove, dishwasher, and front‑loading washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,115
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,300
$202.3K
Cap Rate 7%
$144,500
$144.5K
Cap Rate 9%
$112,389
$112.4K
Market Conditions
NOI Build-Up for 778 SF
Gross rent
$19.6K $25.20/SF
− Vacancy
−$1.2K −$1.56/SF
EGI
$18.4K $23.64/SF
− OpEx
−$8.3K −$10.64/SF
NOI
$10.1K $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%
$202,300
Cap Rate 7%
$144,500
Cap Rate 9%
$112,389
Alternative Uses
Best Use
Apartment 5plus
$144.5K
$126.4K – $168.6K
NOI $10,115 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$247.3K
$216.4K – $288.6K
NOI $17,314 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
835
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 - Two-bedroom condominium with an open layout, in-unit laundry, community recreation features, and association-managed exterior maintenance.
Where is this residential income property located?
The property is located at 11540 LITTLE PATUXENT PARKWAY Unit 104 Columbia, MD.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom condominium; Open floor plan connecting living, dining, and kitchen areas; Built‑in microwave, stove, dishwasher, and front‑loading washer and dryer
