Residential Income Property with
3391 LITTLETON WAY Unit 3F, Pasadena, MD 21122
For Sale
$285,000
The condo includes hardwood flooring, two balconies, and recent interior and community improvements.
Property Size982 SF
Days on Market170
Property Features for 3391 LITTLETON WAY Unit 3F
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private balconies
Building Details
Building Size
Year Built
Listing Agency:
Park Modern Realty
Listed By:
Doug Eichelberger
(443) 631-6626
Source:
Bradkappel
Added: May 29
Changed: Nov 12
Last Checked: Nov 12 at 2:50PM
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 Park Modern Realty
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Investment Insights
Based on property information with market context.
This two-bedroom, 1.5-bath condo has hardwood flooring and two private balconies. Interior updates include windows and sliding doors replaced in 2024, a washer and dryer added in 2025, and a refrigerator installed in 2022. The furnace and hot water heater are both less than 10 years old.
Community work completed in 2026 included replacement balconies, a new roof, and resurfacing of the parking area. A grocery store and coffee shop are within walking distance.
Community work completed in 2026 included replacement balconies, a new roof, and resurfacing of the parking area. A grocery store and coffee shop are within walking distance.
Key Highlights
- Two bedrooms and 1.5 baths
- Two private balconies and hardwood floors
- Windows and sliding doors replaced in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,253
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,060
$265.1K
Cap Rate 7%
$189,329
$189.3K
Cap Rate 9%
$147,256
$147.3K
Market Conditions
NOI Build-Up for 982 SF
Gross rent
$25.7K $26.16/SF
− Vacancy
−$1.6K −$1.62/SF
EGI
$24.1K $24.54/SF
− OpEx
−$10.8K −$11.04/SF
NOI
$13.3K $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%
$265,060
Cap Rate 7%
$189,329
Cap Rate 9%
$147,256
Alternative Uses
Best Use
Apartment 5plus
$189.3K
$165.7K – $220.9K
NOI $13,253 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.3K
$251.4K – $335.1K
NOI $20,108 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
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Business Placement
Demographics for 21122, MD
62,368
Population
23,624
Households
2.6
Avg Household Size
40
Median Age
32%
College-Educated
93%
High-School Grad
31.4 sq mi
ZIP Area
1,986
Density / Sq Mi
$121,732
Median Household Income
$63,687
Median Earnings
$2,077
Median Rent
$412,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Anne Arundel County, MD
Properties on Market for Residential income properties in Anne Arundel County
Frequently Asked Questions
What type of property is this?
Residential income property - The condo includes hardwood flooring, two balconies, and recent interior and community improvements.
Where is this residential income property located?
The property is located at 3391 LITTLETON WAY Unit 3F Pasadena, MD.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two bedrooms and 1.5 baths; Two private balconies and hardwood floors; Windows and sliding doors replaced in 2024
