Two-Bedroom Residential Income
For Sale
$295,000
633 WALLINGFORD RD #201, Bel Air, MD 21014
BEL AIR, MD
Property Size1,420 SF
Price / SF$207.75
Days on Market164
Property Features for 633 WALLINGFORD RD #201
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2
Subdivision
LEGACY AT GATEWAY
Elementary school district
HARFORD COUNTY PUBLIC SCHOOLS
Middle school district
HARFORD COUNTY PUBLIC SCHOOLS
High school district
HARFORD COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
gas fireplace
stainless steel appliances
granite counters
private balcony
community party room
elevator
intercom security
ample parking
laundry
Building Details
Year built
2010
Listing Agency:
Bel Air
(410) 879-8080
Listed By:
Scott Sanders
Added: May 13
Changed: Sep 11
Last Checked: Oct 23 at 12:06AM
MLS# MDHR2054774
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 633 Wallingford Rd #201 in Bel Air, this 1,420-square-foot condominium residence was built in 2010 and includes two bedrooms and two bathrooms. Recent improvements include fresh interior paint, new crown molding, new carpeting, and luxury vinyl plank flooring in the office. The living area features a gas fireplace, while the kitchen offers stainless steel appliances, granite countertops, and nearby laundry. A private balcony extends the living space.
Building and community features include elevator service, intercom security, ample parking, a party room, and maintained common areas. The community connects directly to the Ma and Pa Trail through two access paths. The sale includes a 1-year home warranty covering appliances, HVAC systems, plumbing, electrical systems, and more. The condominium permits two pets, including dogs with a combined maximum weight of 50 pounds.
Building and community features include elevator service, intercom security, ample parking, a party room, and maintained common areas. The community connects directly to the Ma and Pa Trail through two access paths. The sale includes a 1-year home warranty covering appliances, HVAC systems, plumbing, electrical systems, and more. The condominium permits two pets, including dogs with a combined maximum weight of 50 pounds.
Key Highlights
- 1,420‑square‑foot condominium residence with 2 bedrooms and 2 bathrooms
- Built in 2010 with fresh paint, new crown molding, carpet, and office flooring
- Kitchen includes stainless steel appliances, granite countertops, and adjacent laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,015
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,300
$380.3K
Cap Rate 7%
$271,643
$271.6K
Cap Rate 9%
$211,278
$211.3K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$37.0K $26.04/SF
− Vacancy
−$2.4K −$1.69/SF
EGI
$34.6K $24.35/SF
− OpEx
−$15.6K −$10.96/SF
NOI
$19.0K $13.39/SF
Area
Harford County, MD
Vacancy
6.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,300
Cap Rate 7%
$271,643
Cap Rate 9%
$211,278
Alternative Uses
Best Use
Apartment 5plus
$271.6K
$237.7K – $316.9K
NOI $19,015 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.6K
$437.2K – $582.9K
NOI $34,975 @ 7.0% cap · market cap 11.86%
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
987
Businesses Nearby
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Business Placement
Demographics for 21014, MD
38,395
Population
14,975
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,762
Density / Sq Mi
$113,825
Median Household Income
$59,656
Median Earnings
$1,571
Median Rent
$407,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium residence with a balcony, fireplace, elevator access, and community amenities near the Ma and Pa Trail.
Where is this residential income property located?
The property is located at 633 WALLINGFORD RD #201 Bel Air, MD.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,420‑square‑foot condominium residence with 2 bedrooms and 2 bathrooms; Built in 2010 with fresh paint, new crown molding, carpet, and office flooring; Kitchen includes stainless steel appliances, granite countertops, and adjacent laundry
