Three-Bedroom Residential Income
For Sale
$295,000
8354 MONTGOMERY RUN ROAD Unit J, Ellicott City, MD 21043
Top-floor condominium with separate living and dining areas and a private balcony overlooking mature trees.
Property Size1,090 SF
Days on Market9
Property Features for 8354 MONTGOMERY RUN ROAD Unit J
General Information
Standard status
Active
Size
1,090 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
the rest is just waiting for you to upgrade
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,853
Amenities
private balcony
tot lot
community pool
Building Details
Building Size
1,090 SF
Year Built
1991
Listing Agency:
RE/MAX Advantage Realty
Listed By:
Kimberly S Cavaliere · License #504599
(410) 707-8231
Source:
Thehulsmangroup
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 5 at 9:18PM
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 3-bedroom, 2-bath top-floor condominium has distinct living and dining rooms. The primary bedroom features a vaulted ceiling, walk-in closet, and full bath; two additional bedrooms include closet storage. Recent interior work includes new paint, carpet, and vinyl flooring. A sliding glass door connects the living room to a private balcony with views of mature trees and natural surroundings.
The unit includes one assigned parking space, with additional guest parking available. Community amenities include a pool and tot lot. Commuter routes nearby include Rt 100, Rt 29, and I-95, with shopping and restaurants in the surrounding area.
The unit includes one assigned parking space, with additional guest parking available. Community amenities include a pool and tot lot. Commuter routes nearby include Rt 100, Rt 29, and I-95, with shopping and restaurants in the surrounding area.
Key Highlights
- Three bedrooms and two full bathrooms
- Top‑floor unit with a private balcony overlooking mature trees
- Separate living and dining rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,862
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,240
$297.2K
Cap Rate 7%
$212,314
$212.3K
Cap Rate 9%
$165,133
$165.1K
Market Conditions
NOI Build-Up for 1,090 SF
Gross rent
$28.4K $26.04/SF
− Vacancy
−$1.4K −$1.25/SF
EGI
$27.0K $24.79/SF
− OpEx
−$12.2K −$11.16/SF
NOI
$14.9K $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%
$297,240
Cap Rate 7%
$212,314
Cap Rate 9%
$165,133
Alternative Uses
Best Use
Apartment 5plus
$212.3K
$185.8K – $247.7K
NOI $14,862 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$404.2K
$353.7K – $471.6K
NOI $28,296 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
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 - Top-floor condominium with separate living and dining areas and a private balcony overlooking mature trees.
Where is this residential income property located?
The property is located at 8354 MONTGOMERY RUN ROAD Unit J Ellicott City, MD.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms; Top‑floor unit with a private balcony overlooking mature trees; Separate living and dining rooms
