Updated Residential Income
For Sale
$235,000
4712 DORSEY HALL DRIVE Unit 4-408, Ellicott City, MD 21042
Second-floor condominium with wooded privacy, a covered balcony, vaulted ceilings, and an extensively updated interior.
Property Size842 SF
Days on Market18
Property Features for 4712 DORSEY HALL DRIVE Unit 4-408
General Information
Standard status
Active
Size
842 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,321
Amenities
covered balcony
fireplace
community pool
Building Details
Building Size
842 SF
Year Built
1988
Listing Agency:
EXP Realty, LLC
Listed By:
Michael J Schiff · License #596243
(410) 415-1404
Source:
Thehulsmangroup
Added: Sep 19
Changed: Oct 3
Last Checked: Oct 5 at 9:31PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This second-floor condominium offers an open interior with vaulted ceilings, bamboo flooring, recessed lighting, and abundant natural light. The living room includes a fireplace and French doors to a covered balcony overlooking the wooded setting. The kitchen has painted cabinetry, new countertops, an induction stove, and added cabinetry extending into the dining and living areas. Two bedrooms provide flexible residential space, while the primary bedroom also opens directly to the balcony.
Improvements completed since 2018 include new windows, attic air sealing and insulation, updated lighting and ceiling fans, recessed lighting, bamboo flooring, and a newer washer and dryer. The property is located at the end of a cul-de-sac in Dorsey's Search in Ellicott City, with Columbia Association trails, playgrounds, a community pool, shopping, and other amenities within walking distance. The condominium was built in 1988.
Improvements completed since 2018 include new windows, attic air sealing and insulation, updated lighting and ceiling fans, recessed lighting, bamboo flooring, and a newer washer and dryer. The property is located at the end of a cul-de-sac in Dorsey's Search in Ellicott City, with Columbia Association trails, playgrounds, a community pool, shopping, and other amenities within walking distance. The condominium was built in 1988.
Key Highlights
- Second‑floor condominium at the end of a cul‑de‑sac in Dorsey's Search
- Covered balcony with wooded surroundings and French‑door access from the living room and primary bedroom
- Open layout with vaulted ceilings, bamboo flooring, fireplace, and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,480
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,600
$229.6K
Cap Rate 7%
$164,000
$164.0K
Cap Rate 9%
$127,556
$127.6K
Market Conditions
NOI Build-Up for 842 SF
Gross rent
$21.9K $26.04/SF
− Vacancy
−$1.1K −$1.25/SF
EGI
$20.9K $24.79/SF
− OpEx
−$9.4K −$11.16/SF
NOI
$11.5K $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%
$229,600
Cap Rate 7%
$164,000
Cap Rate 9%
$127,556
Alternative Uses
Best Use
Apartment 5plus
$164.0K
$143.5K – $191.3K
NOI $11,480 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$312.3K
$273.2K – $364.3K
NOI $21,858 @ 7.0% cap · market cap 9.30%
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
811
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor condominium with wooded privacy, a covered balcony, vaulted ceilings, and an extensively updated interior.
Where is this residential income property located?
The property is located at 4712 DORSEY HALL DRIVE Unit 4-408 Ellicott City, MD.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Second‑floor condominium at the end of a cul‑de‑sac in Dorsey's Search; Covered balcony with wooded surroundings and French‑door access from the living room and primary bedroom; Open layout with vaulted ceilings, bamboo flooring, fireplace, and recessed lighting
