Two-Bedroom Residential Income
New
For Sale
$367,000
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 Market4
Property Features for 8801 BOSLEY ROAD Unit 205
General Information
Standard status
Active
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 2
Changed: Sep 4
Last Checked: Sep 4 at 2:41PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,452
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
