Two-Bedroom Condominium with
New
For Sale
$425,000
8511 COLTRANE COURT Unit 204, Ellicott City, MD 21043
Community facilities include an outdoor pool, clubhouse, fitness center, and landscaped shared areas.
Property Size1,500 SF
Days on Market3
Property Features for 8511 COLTRANE COURT Unit 204
General Information
Standard status
Active
Size
1,500 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,886
Amenities
outdoor pool
clubhouse
fitness center
landscaped common areas
private balcony
in-unit laundry
Building Details
Building Size
1,500 SF
Year Built
2014
Listing Agency:
The KW Collective
Listed By:
Kevin McDermott
(410) 294-9800
Source:
Thehulsmangroup
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 2:28PM
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 The KW Collective
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Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bathroom condominium in a 55+ community has an open floor plan, a separate dining area, and new waterproof luxury vinyl plank flooring. The kitchen is appointed with granite countertops, stainless steel appliances, and a tile backsplash. The primary suite includes two closets, including a walk-in, plus a private bathroom with dual sinks, a Roman shower, and a linen closet. A second bedroom and full bathroom add flexibility, while a private balcony and in-unit laundry round out the unit’s features. The property was built in 2014.
The residence is in an elevator-served building with a lobby and a private enclosed garage connected to the building’s interior. Community amenities include an outdoor pool, clubhouse, fitness center, and landscaped common areas. Shopping, restaurants, and commuter routes are noted nearby in Ellicott City.
The residence is in an elevator-served building with a lobby and a private enclosed garage connected to the building’s interior. Community amenities include an outdoor pool, clubhouse, fitness center, and landscaped common areas. Shopping, restaurants, and commuter routes are noted nearby in Ellicott City.
Key Highlights
- 2 bedrooms and 2 bathrooms
- Built in 2014
- Private enclosed garage with interior building access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,452
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,040
$409.0K
Cap Rate 7%
$292,171
$292.2K
Cap Rate 9%
$227,244
$227.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$39.1K $26.04/SF
− Vacancy
−$1.9K −$1.25/SF
EGI
$37.2K $24.79/SF
− OpEx
−$16.7K −$11.16/SF
NOI
$20.5K $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%
$409,040
Cap Rate 7%
$292,171
Cap Rate 9%
$227,244
Alternative Uses
Best Use
Apartment 5plus
$292.2K
$255.7K – $340.9K
NOI $20,452 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$556.3K
$486.7K – $649.0K
NOI $38,939 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
604
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Community facilities include an outdoor pool, clubhouse, fitness center, and landscaped shared areas.
Where is this residential income property located?
The property is located at 8511 COLTRANE COURT Unit 204 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: 2 bedrooms and 2 bathrooms; Built in 2014; Private enclosed garage with interior building access
