Victorian Duplex with Guest
For Sale
$1,495,000
3552 CHURCH Road, Ellicott City, MD 21043
MULTI_FAMILY - Victorian - ELLICOTT CITY, MD
Property Size3,108 SF
Lot Size2.76 Acres
Price / SF$481.02
Days on Market8
Property Features for 3552 CHURCH Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement, Family Room, Dining Room
Parking
3
Parking features
Garage - Detached, Driveway
Interior features
Breakfast Area, Family Room Off Kitchen, Kitchen - Island, Dining Area, Built-Ins, Wood Floors, Upgraded Countertops
Fireplace
1
Appliances
Washer/Dryer Hookups Only, Dishwasher, Disposal, Dryer, Icemaker, Oven/Range - Gas, Range Hood, Refrigerator, Washer
Subdivision
NONE AVAILABLE
Elementary school district
HOWARD COUNTY PUBLIC SCHOOLS
Middle school district
HOWARD COUNTY PUBLIC SCHOOLS
High school district
HOWARD COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
3,108 SF
Lot size
2.76 Acres
Taxes and HOA fees
Tax Annual Amount
12106
Utilities
Heating system
Hot Water(Heating), Forced Air, Zoned
Cooling system
Central Air
Building Details
Year built
1890
Number of units
1
Building materials
Frame
Architectural style
Victorian
Listing Agency:
Monument Sotheby's International Realty
(443) 746-2090
Listed By:
Kimberly D Kepnes · License #518714
(443) 250-4241
Added: Aug 14
Last Checked: Aug 21 at 8:06AM
MLS# MDHW2071766
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Victorian duplex property combines a 3,108-square-foot main residence with a detached guest residence and three-car garage. Built in 1890, the primary home features a wraparound porch, standing-seam metal roof, wood floors, built-in features, formal living and dining rooms, a family room adjoining the kitchen, and primary suites on the main and second levels. Additional space includes upper-level bedrooms and baths plus a finished attic suitable for a bedroom, office, studio, or hobby room. Central air, zoned heating, and a gas range support everyday comfort and function.
The property is located at 3552 Church Road in Ellicott City, Maryland, within the Historic District. Landscaped grounds, mature trees, open lawn areas, and a circular drive surround the residences. Main Street, Patapsco Valley State Park, and the Patapsco River are identified as nearby destinations. ADU approval documentation requires the owner to occupy one of the two units.
The property is located at 3552 Church Road in Ellicott City, Maryland, within the Historic District. Landscaped grounds, mature trees, open lawn areas, and a circular drive surround the residences. Main Street, Patapsco Valley State Park, and the Patapsco River are identified as nearby destinations. ADU approval documentation requires the owner to occupy one of the two units.
Key Highlights
- 3,108‑square‑foot Victorian duplex property built in 1890
- Detached guest residence with bedrooms on both levels
- Three‑car detached garage, driveway, and circular drive
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,787
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$915,740
$915.7K
Cap Rate 7%
$654,100
$654.1K
Cap Rate 9%
$508,744
$508.7K
Market Conditions
NOI Build-Up for 3,108 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$69.0K $22.20/SF
− Vacancy
−$3.6K −$1.15/SF
EGI
$65.4K $21.05/SF
− OpEx
−$19.6K −$6.31/SF
NOI
$45.8K $14.73/SF
Area
Howard County, MD
Vacancy
5.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$915,740
Cap Rate 7%
$654,100
Cap Rate 9%
$508,744
Alternative Uses
Best Use
Multifamily LT 5
$654.1K
$572.3K – $763.1K
NOI $45,787 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$605.4K
$529.7K – $706.3K
NOI $42,376 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,683 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
923
Businesses Nearby
Explore this area
Business Placement
Demographics for 21043, MD
48,775
Population
17,978
Households
2.7
Avg Household Size
39
Median Age
64%
College-Educated
95%
High-School Grad
17.1 sq mi
ZIP Area
2,852
Density / Sq Mi
$141,846
Median Household Income
$77,574
Median Earnings
$1,964
Median Rent
$607,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with flexible living arrangements, historic character, landscaped grounds, and a detached three-car garage.
Where is this duplex located?
The property is located at 3552 CHURCH Road Ellicott City, MD.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 3,108‑square‑foot Victorian duplex property built in 1890; Detached guest residence with bedrooms on both levels; Three‑car detached garage, driveway, and circular drive
