Two-Bedroom Income
For Sale
$264,900
Pending
4700 DORSEY HALL DRIVE Unit 106, Ellicott City, MD 21042
Low-maintenance condo with vaulted ceilings, balcony access, and community amenities in Ellicott City.
Property Size872 SF
Days on Market48
Property Features for 4700 DORSEY HALL DRIVE Unit 106
General Information
Standard status
Pending
Size
872 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,424
Building Details
Building Size
872 SF
Year Built
1988
Listing Agency:
RE/MAX Advantage Realty
Listed By:
Kimberly S Cavaliere · License #504599
(410) 707-8231
Source:
Thehulsmangroup
Added: Aug 20
Changed: Oct 3
Last Checked: Oct 5 at 10:34PM
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
Investment Insights
Based on property information with market context.
This 1988-built condominium offers two bedrooms and two full bathrooms within an open living and dining arrangement. Cathedral and vaulted ceilings add volume to the main living areas and primary suite, while large windows bring in natural light. The kitchen includes ample cabinetry and room for a small table. Both the primary bedroom and main living area connect to the balcony, and the second bedroom can accommodate guests or office use. A monthly condo fee covers water, sewer, and exterior maintenance.
The property is located in Dorsey Hall in Ellicott City, with access to a community pool, playground, walking and jogging paths, and a community center. Shopping is directly across the street, while downtown Columbia, restaurants, Centennial Park, and major commuter routes are nearby.
The property is located in Dorsey Hall in Ellicott City, with access to a community pool, playground, walking and jogging paths, and a community center. Shopping is directly across the street, while downtown Columbia, restaurants, Centennial Park, and major commuter routes are nearby.
Key Highlights
- Two bedrooms and two full bathrooms
- Built in 1988 with cathedral and vaulted ceilings
- Balcony access from the main living area and primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,889
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,780
$237.8K
Cap Rate 7%
$169,843
$169.8K
Cap Rate 9%
$132,100
$132.1K
Market Conditions
NOI Build-Up for 872 SF
Gross rent
$22.7K $26.04/SF
− Vacancy
−$1.1K −$1.25/SF
EGI
$21.6K $24.79/SF
− OpEx
−$9.7K −$11.16/SF
NOI
$11.9K $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%
$237,780
Cap Rate 7%
$169,843
Cap Rate 9%
$132,100
Alternative Uses
Best Use
Apartment 5plus
$169.8K
$148.6K – $198.2K
NOI $11,889 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$323.4K
$283.0K – $377.3K
NOI $22,637 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Explore this area
Business Placement
Demographics for 21042, MD
43,147
Population
15,269
Households
2.8
Avg Household Size
43
Median Age
75%
College-Educated
98%
High-School Grad
37.0 sq mi
ZIP Area
1,166
Density / Sq Mi
$190,504
Median Household Income
$94,089
Median Earnings
$2,253
Median Rent
$674,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Low-maintenance condo with vaulted ceilings, balcony access, and community amenities in Ellicott City.
Where is this residential income property located?
The property is located at 4700 DORSEY HALL DRIVE Unit 106 Ellicott City, MD.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Built in 1988 with cathedral and vaulted ceilings; Balcony access from the main living area and primary suite
