Renovated Residential Income
For Sale
$178,000
6093 MAJORS LANE Unit 1, Columbia, MD 21045
Entry-level condo with refreshed interiors, assigned parking, and access to Columbia Association amenities.
Property Size704 SF
Days on Market20
Property Features for 6093 MAJORS LANE Unit 1
General Information
Standard status
Active
Size
704 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Utilities to Site
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,477
Amenities
private patio/balcony
gated community
Building Details
Building Size
704 SF
Year Built
1982
Listing Agency:
Samson Properties
Listed By:
Jixin Li · License #5008188
(443) 253-8456
Source:
Thehulsmangroup
Added: Sep 17
Changed: Oct 3
Last Checked: Oct 5 at 8:59PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This entry-level condominium was renovated in 2024 with a stainless-steel appliance package, new paint, and updated finishes. The interior includes a separate dining area and a spacious living room, while a private patio or balcony extends the usable living space. Assigned parking is included.
The residence is within a gated community in the Village of Long Reach. Water, gas, and heating are included in the condo fee, and residents have access to Columbia Association pools, parks, walking and biking trails, community centers, and recreation facilities. The property is also positioned near shopping, dining, and commuter routes.
The residence is within a gated community in the Village of Long Reach. Water, gas, and heating are included in the condo fee, and residents have access to Columbia Association pools, parks, walking and biking trails, community centers, and recreation facilities. The property is also positioned near shopping, dining, and commuter routes.
Key Highlights
- 2024 renovation with stainless‑steel appliances, fresh paint, and updated finishes
- Entry‑level condominium with separate dining area and spacious living room
- Private patio or balcony included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,152
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,040
$183.0K
Cap Rate 7%
$130,743
$130.7K
Cap Rate 9%
$101,689
$101.7K
Market Conditions
NOI Build-Up for 704 SF
Gross rent
$17.7K $25.20/SF
− Vacancy
−$1.1K −$1.56/SF
EGI
$16.6K $23.64/SF
− OpEx
−$7.5K −$10.64/SF
NOI
$9.2K $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%
$183,040
Cap Rate 7%
$130,743
Cap Rate 9%
$101,689
Alternative Uses
Best Use
Apartment 5plus
$130.7K
$114.4K – $152.5K
NOI $9,152 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$223.8K
$195.8K – $261.1K
NOI $15,667 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
580
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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Frequently Asked Questions
What type of property is this?
Residential income property - Entry-level condo with refreshed interiors, assigned parking, and access to Columbia Association amenities.
Where is this residential income property located?
The property is located at 6093 MAJORS LANE Unit 1 Columbia, MD.
What is the asking price?
The asking price for this property is $178,000.
What are key features of this property?
This property features: 2024 renovation with stainless‑steel appliances, fresh paint, and updated finishes; Entry‑level condominium with separate dining area and spacious living room; Private patio or balcony included
