Two-Bedroom Condo with Detached
New
For Sale
$309,999
5930 MILLRACE COURT Unit F202, Columbia, MD 21045
Residents have access to Columbia Association pools, gyms, and playgrounds, with Kendall Ridge Pool one mile away.
Property Size1,038 SF
Days on Market3
Property Features for 5930 MILLRACE COURT Unit F202
General Information
Standard status
Active
Size
1,038 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,756
Amenities
private balcony
pool
gym
playground
Building Details
Building Size
1,038 SF
Year Built
1995
Listing Agency:
Keller Williams Capital Properties
Listed By:
Sheena Saydam · License #638126
(202) 793-3000
Source:
Thehulsmangroup
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 2:19PM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
Built in 1995, this second-level, two-bedroom, two-bathroom condo offers over 1,000 sq. ft. of living space and a detached one-car garage. The interior includes a gas fireplace, private balcony, dining area, and laundry area with a full-size washer and dryer. The kitchen has granite countertops, white cabinetry, a tile backsplash, and select stainless steel appliances, including a gas range installed in 2023. Both bedrooms have walk-in closets and en-suite bathrooms. New carpeting and fresh paint were added in 2026.
The home is in Columbia, Maryland, with Columbia Association pools, gyms, and playgrounds available to residents. Kendall Ridge Pool is one mile away, and Long Reach Park offers sports fields. Nearby shopping and dining options include centers with Target and Wegmans.
The home is in Columbia, Maryland, with Columbia Association pools, gyms, and playgrounds available to residents. Kendall Ridge Pool is one mile away, and Long Reach Park offers sports fields. Nearby shopping and dining options include centers with Target and Wegmans.
Key Highlights
- Two‑bedroom, two‑bathroom condo with over 1,000 sq. ft. of living space
- Detached one‑car garage conveys with the home
- Second‑level unit with a private balcony and gas fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,495
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,900
$269.9K
Cap Rate 7%
$192,786
$192.8K
Cap Rate 9%
$149,944
$149.9K
Market Conditions
NOI Build-Up for 1,038 SF
Gross rent
$26.2K $25.20/SF
− Vacancy
−$1.6K −$1.56/SF
EGI
$24.5K $23.64/SF
− OpEx
−$11.0K −$10.64/SF
NOI
$13.5K $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%
$269,900
Cap Rate 7%
$192,786
Cap Rate 9%
$149,944
Alternative Uses
Best Use
Apartment 5plus
$192.8K
$168.7K – $224.9K
NOI $13,495 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.0K
$288.8K – $385.0K
NOI $23,100 @ 7.0% cap · market cap 7.45%
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
1,070
Businesses Nearby
Explore this area
Business Placement
Demographics for 21045, MD
39,321
Population
15,826
Households
2.5
Avg Household Size
38
Median Age
57%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
4,054
Density / Sq Mi
$117,323
Median Household Income
$62,522
Median Earnings
$1,768
Median Rent
$438,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to Columbia Association pools, gyms, and playgrounds, with Kendall Ridge Pool one mile away.
Where is this residential income property located?
The property is located at 5930 MILLRACE COURT Unit F202 Columbia, MD.
What is the asking price?
The asking price for this property is $309,999.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condo with over 1,000 sq. ft. of living space; Detached one‑car garage conveys with the home; Second‑level unit with a private balcony and gas fireplace
