Residential Income Property with
For Sale
$320,000
303 LOTHIAN WAY Unit 303, Abingdon, MD 21009
A two-bedroom condo pairs a vaulted main living area with a large loft and private baths.
Property Size1,732 SF
Price / SF$184.76
Days on Market178
Property Features for 303 LOTHIAN WAY Unit 303
General Information
Standard status
Active
Size
1,732 SF
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,296
Amenities
outdoor pools
community center
exercise room
playground
handicapped access ramp
Building Details
Building Size
1,732 SF
Year Built
2013
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Denise R Patrick · License #588536
(410) 459-2154
Source:
Ghimirehomes
Added: May 6
Changed: Oct 27
Last Checked: Oct 26 at 2:56PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,732-square-foot penthouse condo has two bedrooms with private baths, positioned on opposite sides of the home. A large loft overlooks the main level, while vaulted ceilings extend through the living area and primary bedroom. The kitchen features granite counters and stainless appliances; a washer and dryer are included. The primary bedroom also has a walk-in closet and a second closet. The unit was built in 2013.
Community amenities include an outdoor pool, community center, exercise room, sidewalks, and a nearby playground. The building has an elevator and a handicapped-accessible ramp. Abingdon Library, major highways, restaurants, and shopping are nearby.
Community amenities include an outdoor pool, community center, exercise room, sidewalks, and a nearby playground. The building has an elevator and a handicapped-accessible ramp. Abingdon Library, major highways, restaurants, and shopping are nearby.
Key Highlights
- 1,732‑square‑foot penthouse condo with a large loft overlooking the main floor
- Two bedrooms, each with a private bath, arranged on opposite sides of the home
- Vaulted ceilings in the living area and primary bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,193
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,860
$463.9K
Cap Rate 7%
$331,329
$331.3K
Cap Rate 9%
$257,700
$257.7K
Market Conditions
NOI Build-Up for 1,732 SF
Gross rent
$45.1K $26.04/SF
− Vacancy
−$2.9K −$1.69/SF
EGI
$42.2K $24.35/SF
− OpEx
−$19.0K −$10.96/SF
NOI
$23.2K $13.39/SF
Area
Harford County, MD
Vacancy
6.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,860
Cap Rate 7%
$331,329
Cap Rate 9%
$257,700
Alternative Uses
Best Use
Apartment 5plus
$331.3K
$289.9K – $386.6K
NOI $23,193 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$609.4K
$533.2K – $711.0K
NOI $42,659 @ 7.0% cap · market cap 13.33%
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
310
Businesses Nearby
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Business Placement
Demographics for 21009, MD
31,835
Population
13,106
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
11.4 sq mi
ZIP Area
2,793
Density / Sq Mi
$117,017
Median Household Income
$62,845
Median Earnings
$1,680
Median Rent
$335,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom condo pairs a vaulted main living area with a large loft and private baths.
Where is this residential income property located?
The property is located at 303 LOTHIAN WAY Unit 303 Abingdon, MD.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1,732‑square‑foot penthouse condo with a large loft overlooking the main floor; Two bedrooms, each with a private bath, arranged on opposite sides of the home; Vaulted ceilings in the living area and primary bedroom
