55+ Residential Income
For Sale
$285,000
633 WALLINGFORD ROAD Unit 204, Bel Air, MD 21014
The two-bedroom residence includes a granite kitchen, in-unit laundry, and access to shared recreation and exercise spaces.
Property Size1,420 SF
Price / SF$200.70
Days on Market60
Property Features for 633 WALLINGFORD ROAD Unit 204
General Information
Standard status
Active
Size
1,420 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,360
Amenities
in-unit laundry
community recreation room
exercise room
outdoor seating
bar area
direct trail access
Building Details
Building Size
1,420 SF
Year Built
2010
Listing Agency:
Samson Properties
Listed By:
Arabella K Brockett · License #636339
(443) 824-7666
Source:
Ghimirehomes
Added: Aug 31
Changed: Oct 27
Last Checked: Oct 27 at 4:01AM
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
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Investment Insights
Based on property information with market context.
This 1,420-square-foot residence in a 55+ community has two bedrooms and two full bathrooms. The unit was built in 2010 and features a granite kitchen, carpeting, fresh paint, and in-unit laundry; the washer and dryer are not included in the sale.
Residents have access to a community recreation room with outdoor seating and a bar area, as well as an exercise room. The property also provides direct access to the Ma Pa Heritage Trail.
Residents have access to a community recreation room with outdoor seating and a bar area, as well as an exercise room. The property also provides direct access to the Ma Pa Heritage Trail.
Key Highlights
- Two bedrooms and two full bathrooms
- 1,420 square feet; built in 2010
- Granite kitchen, carpeting, fresh paint, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,015
Cap Rate
6.67%
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 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.6K
$437.2K – $582.9K
NOI $34,975 @ 7.0% cap · market cap 12.27%
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
1,148
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 - The two-bedroom residence includes a granite kitchen, in-unit laundry, and access to shared recreation and exercise spaces.
Where is this residential income property located?
The property is located at 633 WALLINGFORD ROAD Unit 204 Bel Air, MD.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; 1,420 square feet; built in 2010; Granite kitchen, carpeting, fresh paint, and in‑unit laundry
