Efficiency Condo with Private
1 E UNIVERSITY PARKWAY Unit 409, Baltimore, MD 21218
For Sale
$80,000
The full-service building offers 24-hour security, concierge service, a rooftop pool, fitness center, and resident lounge.
Property Size534 SF
Price / SF$149.81
Days on Market87
Property Features for 1 E UNIVERSITY PARKWAY Unit 409
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Taxes and HOA fees
Annual Taxes
Amenities
private balcony
24-hour security and reception
concierge services
key-fob entry
protected underground parking
rooftop pool
fitness center
resident lounge with full kitchen
Smart Laundry Card System
Building Details
Building Size
Year Built
Listing Agency:
EXP Realty, LLC
Listed By:
Trina M Fernandez · License MD #614323
(410) 718-0926
Source:
Ghimirehomes
Added: Aug 17
Changed: Nov 4
Last Checked: Nov 10 at 8:24AM
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
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Investment Insights
Based on property information with market context.
This 534-square-foot efficiency condo in a 1965 building has an updated bathroom, fresh paint, and carpet. A private balcony faces the greenery of Guilford Park, and interior furnishings and artwork are included.
Building services and amenities include 24-hour security and reception, concierge service, key-fob entry, protected underground parking, a rooftop pool, fitness center, resident lounge with a full kitchen, and a smart laundry card system. The property is steps from Johns Hopkins University and Union Memorial Hospital, with access to the JHU shuttle, Guilford Park, restaurants, and shopping.
Building services and amenities include 24-hour security and reception, concierge service, key-fob entry, protected underground parking, a rooftop pool, fitness center, resident lounge with a full kitchen, and a smart laundry card system. The property is steps from Johns Hopkins University and Union Memorial Hospital, with access to the JHU shuttle, Guilford Park, restaurants, and shopping.
Key Highlights
- 534‑square‑foot efficiency condo with a private balcony overlooking Guilford Park
- Updated bathroom, fresh paint, and carpet
- Furnishings and artwork included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,195
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
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
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 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 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$145.2K
$127.0K – $169.4K
NOI $10,163 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,023
Businesses Nearby
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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
$229,800
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Baltimore, MD
Properties on Market for Residential income properties in Baltimore
Frequently Asked Questions
What type of property is this?
Residential income property - The full-service building offers 24-hour security, concierge service, a 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 $80,000.
What are key features of this property?
This property features: 534‑square‑foot efficiency condo with a private balcony overlooking Guilford Park; Updated bathroom, fresh paint, and carpet; Furnishings and artwork included
