Two-Bedroom Garden
New
For Sale
$235,000
5237 W RUNNING BROOK ROAD Unit 202, Columbia, MD 21044
The residence includes an open living area, in-unit laundry, and access to community walking paths.
Property Size1,207 SF
Price / SF$194.70
Days on Market7
Property Features for 5237 W RUNNING BROOK ROAD Unit 202
General Information
Standard status
Active
Size
1,207 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,636
Amenities
jog/walk paths
Building Details
Building Size
1,207 SF
Year Built
1972
Construction
garden-style
Listing Agency:
KW Metro Center
Listed By:
Joy Camp · License #5009851
(240) 801-0887
Source:
Thehulsmangroup
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 4 at 2:12PM
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 KW Metro Center
Investment Insights
Based on property information with market context.
This 1,207-square-foot apartment in Running Brook has two bedrooms and two bathrooms, with a layout connecting the kitchen, dining area, and living room. The kitchen includes space for a table, a gas oven/range, and a stacked washer and dryer. Garden and mature-tree views are also noted. Built in 1972, the residence is in Columbia, Maryland.
Residents have access to community jog and walking paths. Shops, dining, and recreational facilities are described as nearby. The association fee covers lawn maintenance and snow removal.
Residents have access to community jog and walking paths. Shops, dining, and recreational facilities are described as nearby. The association fee covers lawn maintenance and snow removal.
Key Highlights
- 2 bedrooms and 2 bathrooms in 1,207 square feet
- Built in 1972
- Kitchen has a gas oven/range and stacked washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,692
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,840
$313.8K
Cap Rate 7%
$224,171
$224.2K
Cap Rate 9%
$174,356
$174.4K
Market Conditions
NOI Build-Up for 1,207 SF
Gross rent
$30.4K $25.20/SF
− Vacancy
−$1.9K −$1.56/SF
EGI
$28.5K $23.64/SF
− OpEx
−$12.8K −$10.64/SF
NOI
$15.7K $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%
$313,840
Cap Rate 7%
$224,171
Cap Rate 9%
$174,356
Alternative Uses
Best Use
Apartment 5plus
$224.2K
$196.2K – $261.5K
NOI $15,692 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$383.7K
$335.8K – $447.7K
NOI $26,861 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
610
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 - The residence includes an open living area, in-unit laundry, and access to community walking paths.
Where is this residential income property located?
The property is located at 5237 W RUNNING BROOK ROAD Unit 202 Columbia, MD.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 2 bedrooms and 2 bathrooms in 1,207 square feet; Built in 1972; Kitchen has a gas oven/range and stacked washer and dryer
