Three-Bedroom Residential Income
For Sale
$239,999
8717 HAYSHED LANE Unit 44, Columbia, MD 21045
Top-floor condominium with an open living area, updated finishes, and flexible room use in Columbia’s Longreach Village.
Property Size1,086 SF
Days on Market27
Property Features for 8717 HAYSHED LANE Unit 44
General Information
Standard status
Active
Size
1,086 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Building Details
Building Size
1,086 SF
Year Built
1974
Year Renovated
2024
Listing Agency:
Houwzer, LLC
Listed By:
Pamela Debnam · License #0225264797
(252) 903-3616
Source:
Thehulsmangroup
Added: Sep 10
Changed: Oct 5
Last Checked: Oct 4 at 2:36PM
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 Houwzer, LLC
Investment Insights
Based on property information with market context.
This top-floor condominium at Longreach House offers an open arrangement connecting the living, dining, and kitchen areas. The residence includes three bedrooms with large closets, along with 1 1/4 bathrooms. Fresh interior paint and professionally cleaned carpeting contribute to the current presentation, while the kitchen and bathrooms received renovations in 2024. The layout also provides room for guest accommodations, office use, or other flexible needs.
The property is located within Longreach Village in Columbia, Maryland, at 8717 Hayshed Lane, Unit 44. Built in 1974, the condominium is being offered in as-is condition. A completed pre-listing inspection report is available for buyer review.
The property is located within Longreach Village in Columbia, Maryland, at 8717 Hayshed Lane, Unit 44. Built in 1974, the condominium is being offered in as-is condition. A completed pre-listing inspection report is available for buyer review.
Key Highlights
- Three‑bedroom top‑floor condominium
- Kitchen renovation completed in 2024
- 1 1/4 bathrooms renovated in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,119
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,380
$282.4K
Cap Rate 7%
$201,700
$201.7K
Cap Rate 9%
$156,878
$156.9K
Market Conditions
NOI Build-Up for 1,086 SF
Gross rent
$27.4K $25.20/SF
− Vacancy
−$1.7K −$1.56/SF
EGI
$25.7K $23.64/SF
− OpEx
−$11.6K −$10.64/SF
NOI
$14.1K $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%
$282,380
Cap Rate 7%
$201,700
Cap Rate 9%
$156,878
Alternative Uses
Best Use
Apartment 5plus
$201.7K
$176.5K – $235.3K
NOI $14,119 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.3K
$302.1K – $402.8K
NOI $24,169 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Explore this area
Business Placement
Demographics for 21045, MD
39,321
Population
15,826
Households
2.5
Avg Household Size
38
Median Age
57%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
4,054
Density / Sq Mi
$117,323
Median Household Income
$62,522
Median Earnings
$1,768
Median Rent
$438,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor condominium with an open living area, updated finishes, and flexible room use in Columbia’s Longreach Village.
Where is this residential income property located?
The property is located at 8717 HAYSHED LANE Unit 44 Columbia, MD.
What is the asking price?
The asking price for this property is $239,999.
What are key features of this property?
This property features: Three‑bedroom top‑floor condominium; Kitchen renovation completed in 2024; 1 1/4 bathrooms renovated in 2024
