Updated Two-Bedroom
New
For Sale
$284,000
8601 FALLS RUN Unit D, Ellicott City, MD 21043
The two-bedroom, two-bath residence has a refreshed kitchen and updated bathroom vanities.
Property Size944 SF
Days on Market5
Property Features for 8601 FALLS RUN Unit D
General Information
Standard status
Active
Size
944 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,659
Building Details
Building Size
944 SF
Year Built
1989
Listing Agency:
Realty 1 Maryland, LLC
Listed By:
Un H McAdory · License #610467
(410) 300-8643
Source:
Thehulsmangroup
Added: Oct 2
Changed: Oct 5
Last Checked: Oct 5 at 11:36PM
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 Realty 1 Maryland, LLC
Investment Insights
Based on property information with market context.
This condominium offers two bedrooms, two bathrooms, and an updated kitchen with new cabinetry, countertops, refrigerator, microwave, dishwasher, and stove. Improvements completed in 2026 also include flooring, windows, paint, ceiling fan, light fixture, and both bathroom vanities. The water heater dates to 2025, and the HVAC system was installed in 2020; the building was constructed in 1989.
Located in the Montgomery Run community at 8601 Falls Run, Unit D, the property has access to major highways, shopping, dining, and local amenities.
Located in the Montgomery Run community at 8601 Falls Run, Unit D, the property has access to major highways, shopping, dining, and local amenities.
Key Highlights
- Two bedrooms and two bathrooms
- Kitchen updated in 2026 with new cabinetry, countertops, refrigerator, microwave, dishwasher, and stove
- 2026 improvements include windows, flooring, paint, bathroom vanities, ceiling fan, and light fixture
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,871
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,420
$257.4K
Cap Rate 7%
$183,871
$183.9K
Cap Rate 9%
$143,011
$143.0K
Market Conditions
NOI Build-Up for 944 SF
Gross rent
$24.6K $26.04/SF
− Vacancy
−$1.2K −$1.25/SF
EGI
$23.4K $24.79/SF
− OpEx
−$10.5K −$11.16/SF
NOI
$12.9K $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%
$257,420
Cap Rate 7%
$183,871
Cap Rate 9%
$143,011
Alternative Uses
Best Use
Apartment 5plus
$183.9K
$160.9K – $214.5K
NOI $12,871 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.1K
$306.3K – $408.4K
NOI $24,506 @ 7.0% cap · market cap 8.63%
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
378
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 two-bedroom, two-bath residence has a refreshed kitchen and updated bathroom vanities.
Where is this residential income property located?
The property is located at 8601 FALLS RUN Unit D Ellicott City, MD.
What is the asking price?
The asking price for this property is $284,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; Kitchen updated in 2026 with new cabinetry, countertops, refrigerator, microwave, dishwasher, and stove; 2026 improvements include windows, flooring, paint, bathroom vanities, ceiling fan, and light fixture
