Residential Income Property with
New
For Sale
$439,900
7305 BROOKVIEW ROAD Unit 206, Elkridge, MD 21075
This second-floor residence includes golf-course views, a garage, and a separate storage unit.
Property Size1,700 SF
Days on Market5
Property Features for 7305 BROOKVIEW ROAD Unit 206
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,024
Amenities
clubhouse
outdoor pool
tennis court
storage unit
Building Details
Building Size
1,700 SF
Year Built
2008
Listing Agency:
RE/MAX Advantage Realty
Listed By:
Robert A Kinnear · License #518240
(410) 409-9932
Source:
Thehulsmangroup
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:53PM
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 RE/MAX Advantage Realty
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Investment Insights
Based on property information with market context.
Located in The Gatherings at Lyndwood, this second-floor residence has two bedrooms, two full bathrooms, formal living and dining rooms, and a separate den. The kitchen includes wood cabinetry, Corian countertops, a breakfast area, and substantial work surfaces. The primary suite features a tray ceiling, window seat, walk-in closet, and double-sink vanity. Views extend toward the Timbers at Troy Golf Course, and the unit includes access to a secure garage and a storage unit in the building.
The community is designated for residents age 55 and older. Shared amenities include a clubhouse with an exercise room, hobby room, and gathering spaces, along with an outdoor pool and tennis court. HVAC was updated in 2018, and a water heater was installed in 2025.
The community is designated for residents age 55 and older. Shared amenities include a clubhouse with an exercise room, hobby room, and gathering spaces, along with an outdoor pool and tennis court. HVAC was updated in 2018, and a water heater was installed in 2025.
Key Highlights
- Two‑bedroom, two‑bathroom residence with a separate den
- Second‑floor unit with views of the Timbers at Troy Golf Course
- Includes a secure garage and building storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,179
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,580
$463.6K
Cap Rate 7%
$331,129
$331.1K
Cap Rate 9%
$257,544
$257.5K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$44.3K $26.04/SF
− Vacancy
−$2.1K −$1.25/SF
EGI
$42.1K $24.79/SF
− OpEx
−$19.0K −$11.16/SF
NOI
$23.2K $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%
$463,580
Cap Rate 7%
$331,129
Cap Rate 9%
$257,544
Alternative Uses
Best Use
Apartment 5plus
$331.1K
$289.7K – $386.3K
NOI $23,179 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$630.4K
$551.6K – $735.5K
NOI $44,131 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
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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 - This second-floor residence includes golf-course views, a garage, and a separate storage unit.
Where is this residential income property located?
The property is located at 7305 BROOKVIEW ROAD Unit 206 Elkridge, MD.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom residence with a separate den; Second‑floor unit with views of the Timbers at Troy Golf Course; Includes a secure garage and building storage unit
