Two-Bedroom 55+ Community
For Sale
$375,000
8901 BRAUERTON ROAD Unit 406, Ellicott City, MD 21043
The unit includes an attached garage, driveway parking, and a separate first-level storage area.
Property Size1,660 SF
Days on Market13
Property Features for 8901 BRAUERTON ROAD Unit 406
General Information
Standard status
Active
Size
1,660 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,234
Amenities
clubhouse
Building Details
Building Size
1,660 SF
Year Built
2010
Construction
brick front
Listing Agency:
Coldwell Banker Realty
Listed By:
Tony Zowd · License #602313
(443) 610-9462
Source:
Thehulsmangroup
Added: Sep 24
Changed: Oct 3
Last Checked: Oct 5 at 9:27PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bathroom residence is in a 55+ community and was built in 2010. The kitchen has stainless steel appliances, including a built-in microwave and dishwasher, as well as a front-loading washer and dryer. An attached garage and driveway provide parking, and a separate storage area is located on the building’s first level.
Community features include a clubhouse, elevator, and sidewalks. The association handles common-area maintenance, lawn care, and snow removal. Shops and restaurants, along with historic Ellicott City, are described as steps away; the property also offers access to major commuter routes.
Community features include a clubhouse, elevator, and sidewalks. The association handles common-area maintenance, lawn care, and snow removal. Shops and restaurants, along with historic Ellicott City, are described as steps away; the property also offers access to major commuter routes.
Key Highlights
- 2 bedrooms and 2 bathrooms in a 55+ community
- Built in 2010
- Attached garage with additional driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,633
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,660
$452.7K
Cap Rate 7%
$323,329
$323.3K
Cap Rate 9%
$251,478
$251.5K
Market Conditions
NOI Build-Up for 1,660 SF
Gross rent
$43.2K $26.04/SF
− Vacancy
−$2.1K −$1.25/SF
EGI
$41.2K $24.79/SF
− OpEx
−$18.5K −$11.16/SF
NOI
$22.6K $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%
$452,660
Cap Rate 7%
$323,329
Cap Rate 9%
$251,478
Alternative Uses
Best Use
Apartment 5plus
$323.3K
$282.9K – $377.2K
NOI $22,633 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$615.6K
$538.7K – $718.2K
NOI $43,093 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes an attached garage, driveway parking, and a separate first-level storage area.
Where is this residential income property located?
The property is located at 8901 BRAUERTON ROAD Unit 406 Ellicott City, MD.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2 bedrooms and 2 bathrooms in a 55+ community; Built in 2010; Attached garage with additional driveway parking
