Updated Residential Income
For Sale
$280,000
8330 MONTGOMERY RUN ROAD Unit A, Ellicott City, MD 21043
The ground-floor condo has a renovated kitchen, updated flooring, and replaced windows.
Property Size942 SF
Days on Market11
Property Features for 8330 MONTGOMERY RUN ROAD Unit A
General Information
Standard status
Active
Size
942 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,545
Building Details
Building Size
942 SF
Year Built
1991
Listing Agency:
Samson Properties
Listed By:
Tauqir Fatimah · License #670539
(410) 615-2140
Source:
Thehulsmangroup
Added: Sep 26
Changed: Oct 3
Last Checked: Oct 4 at 3:14PM
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 Samson Properties
Investment Insights
Based on property information with market context.
Built in 1991, this ground-floor condo has a separate entrance and a kitchen renovated in 2026. The kitchen includes a new electric range. Other interior updates include wood flooring installed in 2025, carpeting added in 2026, a new bathroom vanity, and a new washer and dryer. The windows were replaced in 2017.
Key Highlights
- Kitchen renovation completed in 2026; includes a new electric range
- Ground‑floor condo with entrance access
- Wood flooring installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,844
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,880
$256.9K
Cap Rate 7%
$183,486
$183.5K
Cap Rate 9%
$142,711
$142.7K
Market Conditions
NOI Build-Up for 942 SF
Gross rent
$24.5K $26.04/SF
− Vacancy
−$1.2K −$1.25/SF
EGI
$23.4K $24.79/SF
− OpEx
−$10.5K −$11.16/SF
NOI
$12.8K $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%
$256,880
Cap Rate 7%
$183,486
Cap Rate 9%
$142,711
Alternative Uses
Best Use
Apartment 5plus
$183.5K
$160.6K – $214.1K
NOI $12,844 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.3K
$305.7K – $407.6K
NOI $24,454 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The ground-floor condo has a renovated kitchen, updated flooring, and replaced windows.
Where is this residential income property located?
The property is located at 8330 MONTGOMERY RUN ROAD Unit A Ellicott City, MD.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Kitchen renovation completed in 2026; includes a new electric range; Ground‑floor condo with entrance access; Wood flooring installed in 2025
