Two-Bedroom Residential Income
For Sale
$367,000
Pending
8801 BOSLEY ROAD Unit 205, Ellicott City, MD 21043
Condominium residence with an open floor plan, private primary bath, elevator access, and community clubhouse amenities.
Property Size1,500 SF
Days on Market51
Property Features for 8801 BOSLEY ROAD Unit 205
General Information
Standard status
Pending
Size
1,500 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,673
Amenities
clubhouse
Building Details
Building Size
1,500 SF
Year Built
2009
Listing Agency:
Keller Williams Flagship
Listed By:
Jamie L Holmes · License #668816
(410) 718-3335
Source:
Thehulsmangroup
Added: Sep 4
Changed: Oct 19
Last Checked: Oct 23 at 4:48PM
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 Keller Williams Flagship
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This condominium residence in The Gatherings at Jefferson Place offers 2 bedrooms, 2 full bathrooms, and brand-new carpet throughout. The open interior includes a den that can serve as office, dining, or reading space, while both bedrooms provide walk-in closets. The primary suite has a private full bathroom, and the second bedroom is positioned near the additional full bath. Natural light extends across the living areas, supporting a comfortable residential layout.
Built in 2009, the property is located within a 55+ community at 8801 Bosley Road in Ellicott City. Elevator access adds convenience, and the community includes a clubhouse. Shopping, dining, and major commuter routes are located nearby.
Built in 2009, the property is located within a 55+ community at 8801 Bosley Road in Ellicott City. Elevator access adds convenience, and the community includes a clubhouse. Shopping, dining, and major commuter routes are located nearby.
Key Highlights
- 2 bedrooms and 2 full bathrooms
- Brand‑new carpet throughout the condominium
- Den with flexible office, dining, or reading‑room use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,452
Cap Rate
5.57%
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 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$556.3K
$486.7K – $649.0K
NOI $38,939 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
214
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with an open floor plan, private primary bath, elevator access, and community clubhouse amenities.
Where is this residential income property located?
The property is located at 8801 BOSLEY ROAD Unit 205 Ellicott City, MD.
What is the asking price?
The asking price for this property is $367,000.
What are key features of this property?
This property features: 2 bedrooms and 2 full bathrooms; Brand‑new carpet throughout the condominium; Den with flexible office, dining, or reading‑room use
