Ground-Floor Residential Income
New
For Sale
$299,900
5006 DORSEY HALL DRIVE Unit C-2, Ellicott City, MD 21042
A two-bedroom, two-bath layout includes a sidewalk-level rear entrance with no steps.
Property Size990 SF
Days on Market6
Property Features for 5006 DORSEY HALL DRIVE Unit C-2
General Information
Standard status
Active
Size
990 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,153
Building Details
Building Size
990 SF
Year Built
1989
Listing Agency:
Iron Valley Real Estate Premier
Listed By:
Daniel Melhorn · License #5001018
(717) 542-5651
Source:
Thehulsmangroup
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 6 at 2:31AM
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 Iron Valley Real Estate Premier
Investment Insights
Based on property information with market context.
This ground-floor residential property is configured as a two-bedroom, two-bathroom condo. The corner unit has an open living and dining area, a split-bedroom plan, and a patio at the rear. Its sidewalk-accessible back entrance has no stairs. Interior updates include stainless steel kitchen appliances, cabinetry, solid surface counters, tile flooring, and refreshed bathroom cabinets and floors. The property was built in 1989.
The patio faces mature woods and a stream. Dorsey's Search Village Center, with grocery stores, restaurants, and shops, is within walking distance. Public transportation, Route 108, Route 29, and I-95 are a short drive away.
The patio faces mature woods and a stream. Dorsey's Search Village Center, with grocery stores, restaurants, and shops, is within walking distance. Public transportation, Route 108, Route 29, and I-95 are a short drive away.
Key Highlights
- Two bedrooms and two full bathrooms in a split‑bedroom layout
- Ground‑floor corner unit with a sidewalk‑level rear entrance and no stairs
- Patio faces mature woods and a stream
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,498
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,960
$270.0K
Cap Rate 7%
$192,829
$192.8K
Cap Rate 9%
$149,978
$150.0K
Market Conditions
NOI Build-Up for 990 SF
Gross rent
$25.8K $26.04/SF
− Vacancy
−$1.2K −$1.25/SF
EGI
$24.5K $24.79/SF
− OpEx
−$11.0K −$11.16/SF
NOI
$13.5K $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%
$269,960
Cap Rate 7%
$192,829
Cap Rate 9%
$149,978
Alternative Uses
Best Use
Apartment 5plus
$192.8K
$168.7K – $225.0K
NOI $13,498 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$367.1K
$321.3K – $428.3K
NOI $25,700 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
863
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom, two-bath layout includes a sidewalk-level rear entrance with no steps.
Where is this residential income property located?
The property is located at 5006 DORSEY HALL DRIVE Unit C-2 Ellicott City, MD.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in a split‑bedroom layout; Ground‑floor corner unit with a sidewalk‑level rear entrance and no stairs; Patio faces mature woods and a stream
