Residential Income Property with
New
For Sale
$425,000
8135 CYPRUS CEDAR LN #K, Ellicott City, MD 21043
ELLICOTT CITY, MD
Property Size1,658 SF
Price / SF$256.33
Days on Market2
Property Features for 8135 CYPRUS CEDAR LN #K
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1
Subdivision
VILLAGE CREST AT TAYLOR VILLAGE
Elementary school district
HOWARD COUNTY PUBLIC SCHOOLS
Middle school district
HOWARD COUNTY PUBLIC SCHOOLS
High school district
HOWARD COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
clubhouse
indoor swimming pool
outdoor swimming pool
fitness center
tennis courts
library
game room
meeting and gathering spaces
private balcony
gas fireplace
Building Details
Year built
2005
Listing Agency:
Columbia
(410) 730-3456
Listed By:
Rose Ella Pich
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 6:06PM
MLS# MDHW2075388
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
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This penthouse condominium at Village Crest at Taylor Village offers 2 bedrooms, 2 full baths, and approximately 1,658 square feet, with a separate dining room and an upper-level loft. The living room has a gas fireplace, and a private balcony overlooks trees and greenery. The kitchen renovation was completed in 2026 and includes wood cabinetry, quartz countertops, tile backsplash, and Samsung appliances. The home was built in 2005 and has fresh carpeting. The primary suite includes a walk-in closet with an organizer, a second closet, and an ensuite bath with double sinks and a separate shower.
The community is for residents 55 and older and includes a clubhouse, indoor and outdoor pools, a fitness center, tennis courts, a library, a game room, and meeting and gathering spaces. Elevator access serves the penthouse, and parking is available for residents and guests. The property is in Ellicott City, Maryland.
The community is for residents 55 and older and includes a clubhouse, indoor and outdoor pools, a fitness center, tennis courts, a library, a game room, and meeting and gathering spaces. Elevator access serves the penthouse, and parking is available for residents and guests. The property is in Ellicott City, Maryland.
Key Highlights
- Approximately 1,658 square feet with 2 bedrooms, 2 full baths, and an upper‑level loft
- Kitchen renovation completed in 2026; includes wood cabinetry, quartz counters, tile backsplash, and Samsung appliances
- Private balcony with views of trees and greenery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,606
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,120
$452.1K
Cap Rate 7%
$322,943
$322.9K
Cap Rate 9%
$251,178
$251.2K
Market Conditions
NOI Build-Up for 1,658 SF
Gross rent
$43.2K $26.04/SF
− Vacancy
−$2.1K −$1.25/SF
EGI
$41.1K $24.79/SF
− OpEx
−$18.5K −$11.16/SF
NOI
$22.6K $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%
$452,120
Cap Rate 7%
$322,943
Cap Rate 9%
$251,178
Alternative Uses
Best Use
Apartment 5plus
$322.9K
$282.6K – $376.8K
NOI $22,606 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$614.9K
$538.0K – $717.4K
NOI $43,041 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium includes a renovated kitchen, private balcony, elevator access, and community amenities for residents 55 and older.
Where is this residential income property located?
The property is located at 8135 CYPRUS CEDAR LN #K Ellicott City, MD.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Approximately 1,658 square feet with 2 bedrooms, 2 full baths, and an upper‑level loft; Kitchen renovation completed in 2026; includes wood cabinetry, quartz counters, tile backsplash, and Samsung appliances; Private balcony with views of trees and greenery
