Residential Income Property with
For Sale
$307,000
8377 MONTGOMERY RUN ROAD Unit F, Ellicott City, MD 21043
The second-floor residence has a secured entrance, updated interior finishes, and access to an outdoor pool and playground.
Property Size1,153 SF
Days on Market10
Property Features for 8377 MONTGOMERY RUN ROAD Unit F
General Information
Standard status
Active
Size
1,153 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,340
Amenities
outdoor swimming pool
playground
private balcony
secured entrance
Building Details
Building Size
1,153 SF
Year Built
1988
Listing Agency:
Sell Your Home Services
Listed By:
Daniel J. Demers · License #5004796
(888) 219-3009
Source:
Thehulsmangroup
Added: Oct 15
Changed: Oct 23
Last Checked: Oct 23 at 5:40PM
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 Sell Your Home Services
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Investment Insights
Based on property information with market context.
This second-floor, three-bedroom, two-bathroom residence was built in 1988 and has a secured entrance and private balcony. The kitchen has granite countertops, white cabinetry, and stainless steel appliances. Both bathrooms have been renovated, and wood-look vinyl flooring runs through the living room, dining room, kitchen, bathrooms, and hallway; the bedrooms are carpeted. A full-size washer and dryer are included, along with a new HVAC system and hot water heater.
Outdoor amenities include a swimming pool and playground.
Outdoor amenities include a swimming pool and playground.
Key Highlights
- Three bedrooms and two bathrooms on the second floor
- Kitchen features granite countertops, white cabinets, and stainless steel appliances
- Renovated bathrooms; wood‑look vinyl flooring in main living areas and carpet in bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,721
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,420
$314.4K
Cap Rate 7%
$224,586
$224.6K
Cap Rate 9%
$174,678
$174.7K
Market Conditions
NOI Build-Up for 1,153 SF
Gross rent
$30.0K $26.04/SF
− Vacancy
−$1.4K −$1.25/SF
EGI
$28.6K $24.79/SF
− OpEx
−$12.9K −$11.16/SF
NOI
$15.7K $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%
$314,420
Cap Rate 7%
$224,586
Cap Rate 9%
$174,678
Alternative Uses
Best Use
Apartment 5plus
$224.6K
$196.5K – $262.0K
NOI $15,721 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$427.6K
$374.1K – $498.9K
NOI $29,931 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
397
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 - The second-floor residence has a secured entrance, updated interior finishes, and access to an outdoor pool and playground.
Where is this residential income property located?
The property is located at 8377 MONTGOMERY RUN ROAD Unit F Ellicott City, MD.
What is the asking price?
The asking price for this property is $307,000.
What are key features of this property?
This property features: Three bedrooms and two bathrooms on the second floor; Kitchen features granite countertops, white cabinets, and stainless steel appliances; Renovated bathrooms; wood‑look vinyl flooring in main living areas and carpet in bedrooms
