Three-Bedroom Garden
For Sale
$320,000
5236 W RUNNING BROOK ROAD Unit 201, Columbia, MD 21044
The residence pairs in-unit laundry with a covered balcony accessible from both the living room and owner’s suite.
Property Size1,325 SF
Days on Market10
Property Features for 5236 W RUNNING BROOK ROAD Unit 201
General Information
Standard status
Active
Size
1,325 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Running Brook
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,619
Amenities
in-unit washer and dryer
covered balcony
Building Details
Building Size
1,325 SF
Year Built
1972
Listing Agency:
Real Broker, LLC
Listed By:
Sharron C Owens · License #584245
(240) 504-5394
Source:
Thehulsmangroup
Added: Oct 22
Changed: Oct 31
Last Checked: Oct 30 at 9:38PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This garden condominium has three bedrooms and two bathrooms, with hardwood flooring, a separate dining room, and a galley kitchen. The kitchen includes white cabinetry, quartzite counters, an undermount sink, a full appliance package, and a breakfast area with a large quad window. The owner’s suite has a dressing area and private bathroom. Sliding doors from both the living room and suite open to a covered balcony. An in-unit washer and dryer are also included.
The home is in Wilde Lake Village in Columbia, with walking and biking trails in the surrounding area. The Mall in Columbia, Lake Kittamaqundi, Merriweather District, parks, restaurants, and major commuter routes are identified nearby.
The home is in Wilde Lake Village in Columbia, with walking and biking trails in the surrounding area. The Mall in Columbia, Lake Kittamaqundi, Merriweather District, parks, restaurants, and major commuter routes are identified nearby.
Key Highlights
- Three‑bedroom, two‑bath garden condominium
- Hardwood floors and separate dining room
- Kitchen with white cabinetry, quartzite counters, undermount sink, and full appliance package
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,226
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,520
$344.5K
Cap Rate 7%
$246,086
$246.1K
Cap Rate 9%
$191,400
$191.4K
Market Conditions
NOI Build-Up for 1,325 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%
$344,520
Cap Rate 7%
$246,086
Cap Rate 9%
$191,400
Alternative Uses
Best Use
Apartment 5plus
$246.1K
$215.3K – $287.1K
NOI $17,226 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$421.3K
$368.6K – $491.5K
NOI $29,488 @ 7.0% cap · market cap 9.22%
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
610
Businesses Nearby
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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 - The residence pairs in-unit laundry with a covered balcony accessible from both the living room and owner’s suite.
Where is this residential income property located?
The property is located at 5236 W RUNNING BROOK ROAD Unit 201 Columbia, 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: Three‑bedroom, two‑bath garden condominium; Hardwood floors and separate dining room; Kitchen with white cabinetry, quartzite counters, undermount sink, and full appliance package
