Residential Income Property with
For Sale
$420,000
8990 CARLS COURT Unit C, Ellicott City, MD 21043
An open living, dining, and kitchen arrangement is paired with a private balcony and in-unit laundry.
Property Size1,425 SF
Days on Market8
Property Features for 8990 CARLS COURT Unit C
General Information
Standard status
Active
Size
1,425 SF
Total Parking Spaces
1
Elevators
Yes
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
$5,373
Amenities
balcony
in-unit washer/dryer
secured keypad entry
doorways 32" or wider
Building Details
Building Size
1,425 SF
Year Built
2018
Listing Agency:
Cummings & Co. Realtors
Listed By:
Megan K Richardson · License #600312
(443) 955-0540
Source:
Thehulsmangroup
Added: Sep 29
Changed: Oct 5
Last Checked: Oct 4 at 3:57PM
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 Cummings & Co. Realtors
Investment Insights
Based on property information with market context.
Built in 2018, this residential property has two bedrooms and two bathrooms. Its corner-unit layout brings the living room, dining area, and kitchen together, with a center island and access to a private balcony. Wood flooring and crown molding extend through the home. The primary bedroom includes a walk-in closet and an en-suite bathroom with a walk-in shower. A washer and dryer are located in the unit.
The property includes a garage with a coated floor and storage shelving, plus a separate parking space. Building features include elevator service, keypad-controlled entry, and doorways at least 32 inches wide. The address is in Ellicott City, with access to Routes 29 and 40, I-95, I-695, and BWI Airport.
The property includes a garage with a coated floor and storage shelving, plus a separate parking space. Building features include elevator service, keypad-controlled entry, and doorways at least 32 inches wide. The address is in Ellicott City, with access to Routes 29 and 40, I-95, I-695, and BWI Airport.
Key Highlights
- Two‑bedroom, two‑bath corner unit built in 2018
- Private balcony accessible from the living room
- Kitchen with center island; living and dining areas share an open layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,429
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,580
$388.6K
Cap Rate 7%
$277,557
$277.6K
Cap Rate 9%
$215,878
$215.9K
Market Conditions
NOI Build-Up for 1,425 SF
Gross rent
$37.1K $26.04/SF
− Vacancy
−$1.8K −$1.25/SF
EGI
$35.3K $24.79/SF
− OpEx
−$15.9K −$11.16/SF
NOI
$19.4K $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%
$388,580
Cap Rate 7%
$277,557
Cap Rate 9%
$215,878
Alternative Uses
Best Use
Apartment 5plus
$277.6K
$242.9K – $323.8K
NOI $19,429 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$528.5K
$462.4K – $616.5K
NOI $36,992 @ 7.0% cap · market cap 8.81%
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
1,281
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 - An open living, dining, and kitchen arrangement is paired with a private balcony and in-unit laundry.
Where is this residential income property located?
The property is located at 8990 CARLS COURT Unit C Ellicott City, MD.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath corner unit built in 2018; Private balcony accessible from the living room; Kitchen with center island; living and dining areas share an open layout
