Efficiency Condo with Private
New
For Sale
$95,000
1 E UNIVERSITY PARKWAY Unit 409, Baltimore, MD 21218
Updated interior in a staffed building with concierge services, underground parking, rooftop pool, fitness center, and resident lounge.
Property Size534 SF
Days on Market7
Property Features for 1 E UNIVERSITY PARKWAY Unit 409
General Information
Standard status
Active
Size
534 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x efficiency
Multifamily Units
1
Additional Details
Furnished
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,638
Amenities
24-hour security
concierge services
key-fob entry
protected underground parking
rooftop pool
fitness center
resident lounge with full kitchen
Smart Laundry Card System
private balcony
Building Details
Building Size
534 SF
Year Built
1965
Listing Agency:
EXP Realty, LLC
(410) 718-0926
Listed By:
Trina M Fernandez · License #614323
(410) 718-0926
Source:
Thehulsmangroup
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 23 at 8:08AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Unit 409 is an efficiency condominium in a 1965 building, offering a compact layout with an updated bathroom, fresh paint, and high-end carpet. The residence includes a private balcony with views toward Guilford Park, while furnishings and artwork remain with the property.
Building services and amenities include 24-hour security and reception, concierge service, key-fob access, protected underground parking, a rooftop pool, fitness center, resident lounge with full kitchen, and Smart Laundry Card System. The property is at 1 E University Parkway in Baltimore, near Johns Hopkins University, Union Memorial Hospital, the JHU shuttle, Guilford Park, restaurants, and shopping.
Building services and amenities include 24-hour security and reception, concierge service, key-fob access, protected underground parking, a rooftop pool, fitness center, resident lounge with full kitchen, and Smart Laundry Card System. The property is at 1 E University Parkway in Baltimore, near Johns Hopkins University, Union Memorial Hospital, the JHU shuttle, Guilford Park, restaurants, and shopping.
Key Highlights
- Efficiency condominium with updated bathroom, fresh paint, and high‑end carpet
- Private balcony overlooking the greenery of Guilford Park
- Furnishings and artwork remain with the property
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
$6,195
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
6.52%
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%
$123,900
$123.9K
Cap Rate 7%
$88,500
$88.5K
Cap Rate 9%
$68,833
$68.8K
Market Conditions
NOI Build-Up for 534 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
$12.0K $22.56/SF
− Vacancy
−$783 −$1.47/SF
EGI
$11.3K $21.09/SF
− OpEx
−$5.1K −$9.49/SF
NOI
$6.2K $11.60/SF
Area
ZIP 21218
Vacancy
6.50%
Lease Rate
$22.56 /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%
$123,900
Cap Rate 7%
$88,500
Cap Rate 9%
$68,833
Alternative Uses
Best Use
Apartment 5plus
$88.5K
$77.4K – $103.3K
NOI $6,195 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$145.2K
$127.0K – $169.4K
NOI $10,163 @ 7.0% cap · market cap 10.70%
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
2,023
Businesses Nearby
Explore this area
Business Placement
Demographics for 21218, MD
46,238
Population
21,751
Households
2.1
Avg Household Size
34
Median Age
44%
College-Educated
90%
High-School Grad
4.3 sq mi
ZIP Area
10,753
Density / Sq Mi
$58,378
Median Household Income
$38,316
Median Earnings
$1,239
Median Rent
$229,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interior in a staffed building with concierge services, underground parking, rooftop pool, fitness center, and resident lounge.
Where is this residential income property located?
The property is located at 1 E UNIVERSITY PARKWAY Unit 409 Baltimore, MD.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Efficiency condominium with updated bathroom, fresh paint, and high‑end carpet; Private balcony overlooking the greenery of Guilford Park; Furnishings and artwork remain with the property
