Updated Residential Income
For Sale
$230,000
5354 SMOOTH MEADOW WAY Unit 7, Columbia, MD 21044
The two-bedroom, two-bath condo has an open living area, a wood-burning fireplace, and a private balcony.
Property Size931 SF
Price / SF$247.05
Days on Market112
Property Features for 5354 SMOOTH MEADOW WAY Unit 7
General Information
Standard status
Active
Size
931 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Vantage Point
Highway Access
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,499
Amenities
wood-burning fireplace
private balcony
Building Details
Building Size
931 SF
Year Built
1984
Listing Agency:
Coldwell Banker Realty
Listed By:
Tony Zowd · License #602313
(443) 610-9462
Source:
Genedru
Added: Jul 9
Changed: Oct 27
Last Checked: Oct 26 at 3:37PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 931-square-foot condominium was built in 1984 and has two bedrooms and two bathrooms. The open living area includes a wood-burning fireplace and opens to a private balcony. Updates completed in 2026 include stainless steel appliances, countertops, luxury vinyl plank flooring throughout, interior paint, and a hot water heater. A one-year Guard Home Warranty is included.
The property is within walking distance of the Mall in Columbia, restaurants, shopping, a movie theater, and Merriweather Post Pavilion, with major commuter routes a short drive away. Water and sewer are included in the condo fee.
The property is within walking distance of the Mall in Columbia, restaurants, shopping, a movie theater, and Merriweather Post Pavilion, with major commuter routes a short drive away. Water and sewer are included in the condo fee.
Key Highlights
- 931‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- 2026 updates include stainless steel appliances, countertops, flooring, interior paint, and a hot water heater
- Open living area with wood‑burning fireplace and private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,104
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,080
$242.1K
Cap Rate 7%
$172,914
$172.9K
Cap Rate 9%
$134,489
$134.5K
Market Conditions
NOI Build-Up for 931 SF
Gross rent
$23.5K $25.20/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$22.0K $23.64/SF
− OpEx
−$9.9K −$10.64/SF
NOI
$12.1K $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%
$242,080
Cap Rate 7%
$172,914
Cap Rate 9%
$134,489
Alternative Uses
Best Use
Apartment 5plus
$172.9K
$151.3K – $201.7K
NOI $12,104 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$296.0K
$259.0K – $345.3K
NOI $20,719 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath condo has an open living area, a wood-burning fireplace, and a private balcony.
Where is this residential income property located?
The property is located at 5354 SMOOTH MEADOW WAY Unit 7 Columbia, MD.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 931‑square‑foot condominium with 2 bedrooms and 2 bathrooms; 2026 updates include stainless steel appliances, countertops, flooring, interior paint, and a hot water heater; Open living area with wood‑burning fireplace and private balcony
