Residential Income Property with
New
For Sale
$399,900
6150 SHADYWOOD ROAD Unit 301, Elkridge, MD 21075
A two-bedroom residence pairs an open living area with community recreation and a detached garage.
Property Size1,500 SF
Days on Market4
Property Features for 6150 SHADYWOOD ROAD Unit 301
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$4,899
Amenities
clubhouse
outdoor pool
tennis courts
pickleball courts
main entrance lock
intercom system
smoke detectors
lawn care
snow removal
trash collection
private balcony
walk-in closets
upgraded countertops
stainless steel appliances
self-cleaning oven
built-in microwave
dishwasher
energy-efficient windows
ceiling fans
detached garage
Building Details
Building Size
1,500 SF
Year Built
2006
Listing Agency:
Hyatt & Company Real Estate, LLC
Listed By:
Sharon Morgan · License #627852
(410) 598-4967
Source:
Thehulsmangroup
Added: Oct 4
Changed: Oct 7
Last Checked: Oct 7 at 2:39PM
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 Hyatt & Company Real Estate, LLC
Investment Insights
Based on property information with market context.
This 2006 residence offers more than 1,500 square feet, with two bedrooms, two full bathrooms, and an open arrangement connecting the living, dining, and kitchen areas. Kitchen features include upgraded countertops, stainless-steel appliances, a pantry, a built-in microwave, and a dishwasher. A private balcony, walk-in closets, ceiling fans, and recently replaced HVAC system and water heater round out the interior features.
Community amenities include a clubhouse, outdoor pool, tennis courts, and pickleball courts. Lawn care, snow removal, and trash collection are provided. The property also has a detached garage and additional parking, while the grounds include sidewalks and landscaped areas. Entry features include a lock, intercom, and smoke detectors.
Community amenities include a clubhouse, outdoor pool, tennis courts, and pickleball courts. Lawn care, snow removal, and trash collection are provided. The property also has a detached garage and additional parking, while the grounds include sidewalks and landscaped areas. Entry features include a lock, intercom, and smoke detectors.
Key Highlights
- More than 1,500 square feet with 2 bedrooms and 2 full bathrooms
- Built in 2006
- Open living, dining, and kitchen layout with upgraded countertops and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,452
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,040
$409.0K
Cap Rate 7%
$292,171
$292.2K
Cap Rate 9%
$227,244
$227.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$39.1K $26.04/SF
− Vacancy
−$1.9K −$1.25/SF
EGI
$37.2K $24.79/SF
− OpEx
−$16.7K −$11.16/SF
NOI
$20.5K $13.63/SF
Area
Howard County, MD
Vacancy
4.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,040
Cap Rate 7%
$292,171
Cap Rate 9%
$227,244
Alternative Uses
Best Use
Apartment 5plus
$292.2K
$255.7K – $340.9K
NOI $20,452 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$556.3K
$486.7K – $649.0K
NOI $38,939 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 21075, MD
35,900
Population
13,191
Households
2.7
Avg Household Size
34
Median Age
58%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,583
Density / Sq Mi
$133,321
Median Household Income
$69,892
Median Earnings
$2,108
Median Rent
$439,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom residence pairs an open living area with community recreation and a detached garage.
Where is this residential income property located?
The property is located at 6150 SHADYWOOD ROAD Unit 301 Elkridge, MD.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: More than 1,500 square feet with 2 bedrooms and 2 full bathrooms; Built in 2006; Open living, dining, and kitchen layout with upgraded countertops and stainless‑steel appliances
