Single-Level Residential Income
8605 FALLS RUN ROAD Unit C, Ellicott City, MD 21043
For Sale
$265,000
The condo combines a separate dining area with a patio for outdoor access.
Property Size1,084 SF
Days on Market20
Property Features for 8605 FALLS RUN ROAD Unit C
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Red Cedar Real Estate, LLC
Listed By:
Joseph S Bird · License #641574
(443) 538-3899
Source:
Thehulsmangroup
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 12:00PM
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 Red Cedar Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 1989-built condo has two bedrooms and two full bathrooms arranged on one level. The interior includes a kitchen and a distinct dining area, while a patio provides outdoor space. The property is in the Village of Montgomery Run community.
Key Highlights
- Two bedrooms and two full bathrooms
- Single‑level condo layout
- Separate dining area and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,780
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,600
$295.6K
Cap Rate 7%
$211,143
$211.1K
Cap Rate 9%
$164,222
$164.2K
Market Conditions
NOI Build-Up for 1,084 SF
Gross rent
$28.2K $26.04/SF
− Vacancy
−$1.4K −$1.25/SF
EGI
$26.9K $24.79/SF
− OpEx
−$12.1K −$11.16/SF
NOI
$14.8K $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%
$295,600
Cap Rate 7%
$211,143
Cap Rate 9%
$164,222
Alternative Uses
Best Use
Apartment 5plus
$211.1K
$184.8K – $246.3K
NOI $14,780 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$402.0K
$351.8K – $469.0K
NOI $28,140 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
378
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 condo combines a separate dining area with a patio for outdoor access.
Where is this residential income property located?
The property is located at 8605 FALLS RUN ROAD Unit C Ellicott City, MD.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Single‑level condo layout; Separate dining area and kitchen
