Residential Income Property with
New
For Sale
$275,000
7587 WEATHER WORN WAY Unit D, Columbia, MD 21046
The two-bedroom layout includes a wood-burning fireplace and an updated kitchen with stainless steel appliances.
Property Size1,251 SF
Days on Market6
Property Features for 7587 WEATHER WORN WAY Unit D
General Information
Standard status
Active
Size
1,251 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,787
Amenities
wood burning fireplace
private deck
skylight
Building Details
Building Size
1,251 SF
Year Built
1986
Listing Agency:
Samson Properties
Listed By:
Wendy Slaughter · License #605856
(410) 440-5914
Source:
Thehulsmangroup
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 11 at 11:47AM
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
Investment Insights
Based on property information with market context.
Built in 1986, this condominium has two bedrooms and 1.5 bathrooms across an upstairs main level and a second-floor bedroom level. The main floor includes a family room with a wood-burning fireplace, a dining area, and a renovated kitchen with natural wood cabinetry and stainless steel appliances. A sliding glass door opens to a private deck facing mature trees. The full bathroom has a skylight, and recent interior work includes new carpet and LVP flooring.
The property is in Columbia, Maryland, near major commuting routes, Dickinson Park, Columbia walking paths, shops, and restaurants.
The property is in Columbia, Maryland, near major commuting routes, Dickinson Park, Columbia walking paths, shops, and restaurants.
Key Highlights
- Two bedrooms and 1.5 bathrooms
- Private deck overlooking mature trees
- Renovated kitchen with natural wood cabinetry and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,264
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,280
$325.3K
Cap Rate 7%
$232,343
$232.3K
Cap Rate 9%
$180,711
$180.7K
Market Conditions
NOI Build-Up for 1,251 SF
Gross rent
$31.5K $25.20/SF
− Vacancy
−$2.0K −$1.56/SF
EGI
$29.6K $23.64/SF
− OpEx
−$13.3K −$10.64/SF
NOI
$16.3K $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%
$325,280
Cap Rate 7%
$232,343
Cap Rate 9%
$180,711
Alternative Uses
Best Use
Apartment 5plus
$232.3K
$203.3K – $271.1K
NOI $16,264 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$397.7K
$348.0K – $464.0K
NOI $27,841 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Explore this area
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 - The two-bedroom layout includes a wood-burning fireplace and an updated kitchen with stainless steel appliances.
Where is this residential income property located?
The property is located at 7587 WEATHER WORN WAY Unit D Columbia, MD.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two bedrooms and 1.5 bathrooms; Private deck overlooking mature trees; Renovated kitchen with natural wood cabinetry and stainless steel appliances
