Two-Bedroom Residential
703 ORCHARD OVERLOOK Unit 304, Odenton, MD 21113
For Sale
$324,900
Top-floor living space features vaulted ceilings, in-unit laundry, and a private bath adjoining the primary bedroom.
Property Size1,035 SF
Days on Market22
Property Features for 703 ORCHARD OVERLOOK Unit 304
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
pool
trails
lake
Building Details
Building Size
Year Built
Listing Agency:
Corner House Realty
Listed By:
Pieter de Dreu · License MD #651785
(443) 632-7378
Source:
Bradkappel
Added: Oct 21
Changed: Nov 11
Last Checked: Nov 10 at 7:24PM
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 Corner House Realty
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Investment Insights
Based on property information with market context.
This 1992 residential condominium offers two bedrooms and two full bathrooms on the top floor, with vaulted ceilings and no unit above. Fresh paint and LVP flooring run throughout. The living area connects with the kitchen, which includes a peninsula with seating. The primary bedroom has an en-suite full bath and walk-in closet; the second bedroom is positioned across from the other full bath. A dedicated laundry room is located within the unit.
The condo is in Piney Orchard in Odenton, Maryland. Fort Meade, the Odenton MARC station, and Route 32 are described as minutes away. Community amenities include pools, trails, and a lake.
The condo is in Piney Orchard in Odenton, Maryland. Fort Meade, the Odenton MARC station, and Route 32 are described as minutes away. Community amenities include pools, trails, and a lake.
Key Highlights
- Two bedrooms and two full bathrooms
- Top‑floor unit with vaulted ceilings
- Fresh paint and LVP flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,968
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,360
$279.4K
Cap Rate 7%
$199,543
$199.5K
Cap Rate 9%
$155,200
$155.2K
Market Conditions
NOI Build-Up for 1,035 SF
Gross rent
$27.1K $26.16/SF
− Vacancy
−$1.7K −$1.62/SF
EGI
$25.4K $24.54/SF
− OpEx
−$11.4K −$11.04/SF
NOI
$14.0K $13.50/SF
Area
Anne Arundel County, MD
Vacancy
6.20%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,360
Cap Rate 7%
$199,543
Cap Rate 9%
$155,200
Alternative Uses
Best Use
Apartment 5plus
$199.5K
$174.6K – $232.8K
NOI $13,968 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$302.8K
$264.9K – $353.2K
NOI $21,193 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 21113, MD
35,670
Population
16,103
Households
2.2
Avg Household Size
36
Median Age
51%
College-Educated
98%
High-School Grad
15.0 sq mi
ZIP Area
2,378
Density / Sq Mi
$125,081
Median Household Income
$68,955
Median Earnings
$2,152
Median Rent
$401,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Residential income properties in Anne Arundel County, MD
Properties on Market for Residential income properties in Anne Arundel County
Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor living space features vaulted ceilings, in-unit laundry, and a private bath adjoining the primary bedroom.
Where is this residential income property located?
The property is located at 703 ORCHARD OVERLOOK Unit 304 Odenton, MD.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Top‑floor unit with vaulted ceilings; Fresh paint and LVP flooring throughout
