Ground-Floor Residential Income
For Sale
$309,000
Pending
5713 HARPERS FARM ROAD Unit B, Columbia, MD 21044
Ground-floor unit with patio, in-unit laundry, updated finishes, and convenient front-door parking.
Property Size1,593 SF
Days on Market66
Property Features for 5713 HARPERS FARM ROAD Unit B
General Information
Standard status
Pending
Size
1,593 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,139
Building Details
Building Size
1,593 SF
Year Built
1977
Listing Agency:
Redfin Corp
Listed By:
Caron S Prideaux · License #604779
(301) 467-1249
Source:
Thehulsmangroup
Added: Aug 8
Changed: Oct 3
Last Checked: Oct 11 at 10:36AM
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 Redfin Corp
Investment Insights
Based on property information with market context.
This ground-floor residential income property includes 3 bedrooms and 2 full baths, with an expansive living and dining area, a generously sized eat-in kitchen, and abundant closet storage. An in-unit laundry area adds everyday functionality, while the patio and adjoining grassy area provide private outdoor space. Parking is positioned directly in front of the well-maintained building.
The interior features fresh professional paint, hard flooring throughout, recessed lighting, stainless steel appliances, granite countertops, and newer sliding doors and windows. Built in 1977, the property also includes multiple interior upgrades within a practical single-level layout.
The interior features fresh professional paint, hard flooring throughout, recessed lighting, stainless steel appliances, granite countertops, and newer sliding doors and windows. Built in 1977, the property also includes multiple interior upgrades within a practical single-level layout.
Key Highlights
- 3‑bedroom, 2‑full‑bath ground‑floor unit
- Large combined living and dining area
- Eat‑in kitchen with stainless steel appliances and granite counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,710
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,200
$414.2K
Cap Rate 7%
$295,857
$295.9K
Cap Rate 9%
$230,111
$230.1K
Market Conditions
NOI Build-Up for 1,593 SF
Gross rent
$40.1K $25.20/SF
− Vacancy
−$2.5K −$1.56/SF
EGI
$37.7K $23.64/SF
− OpEx
−$16.9K −$10.64/SF
NOI
$20.7K $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%
$414,200
Cap Rate 7%
$295,857
Cap Rate 9%
$230,111
Alternative Uses
Best Use
Apartment 5plus
$295.9K
$258.9K – $345.2K
NOI $20,710 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$506.5K
$443.2K – $590.9K
NOI $35,452 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,145
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 - Ground-floor unit with patio, in-unit laundry, updated finishes, and convenient front-door parking.
Where is this residential income property located?
The property is located at 5713 HARPERS FARM ROAD Unit B Columbia, MD.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑full‑bath ground‑floor unit; Large combined living and dining area; Eat‑in kitchen with stainless steel appliances and granite counters
