Renovated Residential Income
For Sale
$319,900
5245 W RUNNING BROOK ROAD Unit 302, Columbia, MD 21044
Two-bedroom condominium with an open kitchen, updated baths, modern finishes, and convenient access to Columbia shopping, trails, and roads.
Property Size1,207 SF
Days on Market103
Property Features for 5245 W RUNNING BROOK ROAD Unit 302
General Information
Standard status
Active
Size
1,207 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,339
Building Details
Building Size
1,207 SF
Year Built
1972
Year Renovated
2023
Listing Agency:
ExecuHome Realty
Listed By:
Mattie R Cymek
(443) 677-2889
Source:
Thehulsmangroup
Added: Jun 26
Changed: Oct 6
Last Checked: Oct 5 at 11:52PM
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 ExecuHome Realty
Investment Insights
Based on property information with market context.
This condominium in the Running Brook community was built in 1972 and comprehensively renovated in 2023 by an architect. The residence features two bedrooms, two bathrooms, and an open arrangement connecting the kitchen, dining, and living areas. Improvements include quartz counters, stainless steel appliances, white cabinetry, luxury vinyl plank flooring, new bedroom carpeting, custom closet storage, updated lighting, and contemporary bathroom finishes. A full-size side-by-side washer and dryer, expanded storage, and refreshed plumbing and electrical systems add practical utility. The roof was replaced in 2024.
The property is in Columbia, within walking distance of The Mall in Columbia and minutes from Lake Elkhorn, Lake Kittamaqundi, and Wilde Lake. Columbia’s walking and biking trails, dining, shopping, entertainment, and Merriweather Post Pavilion are nearby. Routes 29 and 32 and I-95 provide regional access throughout the DMV.
The property is in Columbia, within walking distance of The Mall in Columbia and minutes from Lake Elkhorn, Lake Kittamaqundi, and Wilde Lake. Columbia’s walking and biking trails, dining, shopping, entertainment, and Merriweather Post Pavilion are nearby. Routes 29 and 32 and I-95 provide regional access throughout the DMV.
Key Highlights
- Architect‑renovated condominium completed in 2023
- Two bedrooms and two bathrooms with an open kitchen, dining, and living arrangement
- New roof installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,692
Cap Rate
4.91%
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 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$383.7K
$335.8K – $447.7K
NOI $26,861 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with an open kitchen, updated baths, modern finishes, and convenient access to Columbia shopping, trails, and roads.
Where is this residential income property located?
The property is located at 5245 W RUNNING BROOK ROAD Unit 302 Columbia, MD.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Architect‑renovated condominium completed in 2023; Two bedrooms and two bathrooms with an open kitchen, dining, and living arrangement; New roof installed in 2024
