Two-Bedroom Renovated
7533 WEATHER WORN WAY Unit E, Columbia, MD 21046
For Sale
New
$295,000
A private patio, outdoor storage, and in-unit upper-level laundry add useful features to this two-level residence.
Property Size1,349 SF
Days on Market4
Property Features for 7533 WEATHER WORN WAY Unit E
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Cummings & Co. Realtors
Listed By:
Matthew A Lancelotta · License #35042
(410) 456-8698
Source:
Thehulsmangroup
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 2:04PM
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 Cummings & Co. Realtors
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Investment Insights
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This two-level condominium, built in 1984, has two bedrooms upstairs and a renovated bathroom with a skylight. Interior updates include fresh paint, new carpeting and tile, plus a redesigned kitchen with quartz counters, new cabinetry, and upgraded appliances. The living area includes a new fireplace and improved lighting. A large walk-in closet is positioned in the upper-level hallway, where the washer and dryer are also located.
Outdoor space includes a private patio and separate storage. The residence combines updated interior finishes with a two-bedroom, two-level layout.
Outdoor space includes a private patio and separate storage. The residence combines updated interior finishes with a two-bedroom, two-level layout.
Key Highlights
- Two‑level condominium with two bedrooms
- Renovated kitchen with quartz countertops, new cabinetry, and upgraded appliances
- Updated bathroom features a skylight
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,538
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,760
$350.8K
Cap Rate 7%
$250,543
$250.5K
Cap Rate 9%
$194,867
$194.9K
Market Conditions
NOI Build-Up for 1,349 SF
Gross rent
$34.0K $25.20/SF
− Vacancy
−$2.1K −$1.56/SF
EGI
$31.9K $23.64/SF
− OpEx
−$14.3K −$10.64/SF
NOI
$17.5K $13.00/SF
Area
Columbia, MD
Vacancy
6.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,760
Cap Rate 7%
$250,543
Cap Rate 9%
$194,867
Alternative Uses
Best Use
Apartment 5plus
$250.5K
$219.2K – $292.3K
NOI $17,538 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$428.9K
$375.3K – $500.4K
NOI $30,022 @ 7.0% cap · market cap 10.18%
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
501
Businesses Nearby
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Business Placement
Demographics for 21046, MD
16,023
Population
6,361
Households
2.5
Avg Household Size
37
Median Age
62%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
2,054
Density / Sq Mi
$126,549
Median Household Income
$70,187
Median Earnings
$2,099
Median Rent
$469,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A private patio, outdoor storage, and in-unit upper-level laundry add useful features to this two-level residence.
Where is this residential income property located?
The property is located at 7533 WEATHER WORN WAY Unit E Columbia, 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: Two‑level condominium with two bedrooms; Renovated kitchen with quartz countertops, new cabinetry, and upgraded appliances; Updated bathroom features a skylight
