Residential Income Property with
For Sale
$429,900
6000 SAME VOYAGE WAY Unit 401, Clarksville, MD 21029
The two-bedroom, two-bath layout includes an open living and dining area connected to a private balcony.
Property Size1,399 SF
Price / SF$307.29
Days on Market28
Property Features for 6000 SAME VOYAGE WAY Unit 401
General Information
Standard status
Active
Size
1,399 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,920
Building Details
Building Size
1,399 SF
Year Built
2003
Listing Agency:
Northrop Realty
Listed By:
Bonnie Casey Broccolino · License #97969
(443) 506-5553
Source:
Gallerycollectivere
Added: Oct 1
Changed: Oct 27
Last Checked: Oct 27 at 3:58AM
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 Northrop Realty
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Investment Insights
Based on property information with market context.
This 1,399-square-foot residential income property is a two-bedroom, two-bath condominium built in 2003. Its living and dining areas share an open layout, with hardwood flooring and access to a private balcony. The kitchen features quartz counters, stainless steel appliances, a backsplash, and a tiered breakfast bar. The primary bedroom has a walk-in closet and en suite bath; a second bedroom, full bathroom, and laundry area complete the interior.
Updates include a water heater installed in 2023, a microwave and dryer replaced in 2022, along with updated lighting and ceiling fans, windows, and fresh interior paint. River Hill Center, with shopping, dining, and entertainment, is nearby, as are major commuter routes.
Updates include a water heater installed in 2023, a microwave and dryer replaced in 2022, along with updated lighting and ceiling fans, windows, and fresh interior paint. River Hill Center, with shopping, dining, and entertainment, is nearby, as are major commuter routes.
Key Highlights
- 1,399‑square‑foot condominium with two bedrooms and two full baths
- Private balcony accessed from the living and dining area
- Kitchen has quartz countertops, stainless steel appliances, backsplash, and tiered breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,188
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,760
$363.8K
Cap Rate 7%
$259,829
$259.8K
Cap Rate 9%
$202,089
$202.1K
Market Conditions
NOI Build-Up for 1,399 SF
Gross rent
$35.3K $25.20/SF
− Vacancy
−$2.2K −$1.56/SF
EGI
$33.1K $23.64/SF
− OpEx
−$14.9K −$10.64/SF
NOI
$18.2K $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%
$363,760
Cap Rate 7%
$259,829
Cap Rate 9%
$202,089
Alternative Uses
Best Use
Apartment 5plus
$259.8K
$227.4K – $303.1K
NOI $18,188 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$444.8K
$389.2K – $518.9K
NOI $31,134 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
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Business Placement
Demographics for 21029, MD
12,919
Population
4,155
Households
3.1
Avg Household Size
43
Median Age
82%
College-Educated
99%
High-School Grad
16.9 sq mi
ZIP Area
764
Density / Sq Mi
$250,001
Median Household Income
$115,700
Median Earnings
$3,501
Median Rent
$904,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath layout includes an open living and dining area connected to a private balcony.
Where is this residential income property located?
The property is located at 6000 SAME VOYAGE WAY Unit 401 Clarksville, MD.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 1,399‑square‑foot condominium with two bedrooms and two full baths; Private balcony accessed from the living and dining area; Kitchen has quartz countertops, stainless steel appliances, backsplash, and tiered breakfast bar
