Two-Bedroom Residential Income
For Sale
$315,000
4924 COLUMBIA ROAD Unit 5, Columbia, MD 21044
Condominium ownership provides access to shopping, dining, daily services, and commuter routes toward Baltimore and Washington.
Property Size1,324 SF
Days on Market57
Property Features for 4924 COLUMBIA ROAD Unit 5
General Information
Standard status
Active
Size
1,324 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,298
Building Details
Building Size
1,324 SF
Year Built
1988
Listing Agency:
Compass
Listed By:
Nicholas J Johnson · License #664463
(443) 676-4097
Source:
Thehulsmangroup
Added: Aug 12
Changed: Oct 6
Last Checked: Oct 5 at 9:14PM
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 Compass
Investment Insights
Based on property information with market context.
This residential income property is a condominium with two bedrooms and two full bathrooms. Built in 1988, the home is offered as-is and provides an opportunity for a buyer to complete desired finishing work. The condominium format places exterior maintenance responsibilities outside the owner’s day-to-day routine.
The property is positioned near shopping, restaurants, and everyday services, with commuter access toward Baltimore and Washington. Its Columbia setting is described as having a village-center layout that keeps common conveniences nearby.
The property is positioned near shopping, restaurants, and everyday services, with commuter access toward Baltimore and Washington. Its Columbia setting is described as having a village-center layout that keeps common conveniences nearby.
Key Highlights
- Two bedrooms and two full bathrooms
- Condominium property built in 1988
- Offered as‑is
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,213
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,260
$344.3K
Cap Rate 7%
$245,900
$245.9K
Cap Rate 9%
$191,256
$191.3K
Market Conditions
NOI Build-Up for 1,324 SF
Gross rent
$33.4K $25.20/SF
− Vacancy
−$2.1K −$1.56/SF
EGI
$31.3K $23.64/SF
− OpEx
−$14.1K −$10.64/SF
NOI
$17.2K $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%
$344,260
Cap Rate 7%
$245,900
Cap Rate 9%
$191,256
Alternative Uses
Best Use
Apartment 5plus
$245.9K
$215.2K – $286.9K
NOI $17,213 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$420.9K
$368.3K – $491.1K
NOI $29,465 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
707
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 - Condominium ownership provides access to shopping, dining, daily services, and commuter routes toward Baltimore and Washington.
Where is this residential income property located?
The property is located at 4924 COLUMBIA ROAD Unit 5 Columbia, MD.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Condominium property built in 1988; Offered as‑is
