Residential Property with
New
For Sale
$234,900
1 PIPEHILL COURT Unit 1A, Baltimore, MD 21209
The unit includes a covered patio and access to community swimming and tennis amenities.
Property Size1,427 SF
Days on Market6
Property Features for 1 PIPEHILL COURT Unit 1A
General Information
Standard status
Active
Size
1,427 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,540
Amenities
fireplace
covered patio
pool
tennis courts
Building Details
Building Size
1,427 SF
Year Built
1988
Listing Agency:
EXP Realty, LLC
Listed By:
Michael J Schiff · License #596243
(410) 415-1404
Source:
Thehulsmangroup
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:47PM
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 residential unit, built in 1988, has two bedrooms and two bathrooms. The living and dining areas share an open layout, with wood-look flooring, neutral paint, and a fireplace. Sliding doors connect the interior to a covered patio facing landscaped grounds. The kitchen has cabinet and counter space, while the primary bedroom includes an en-suite bathroom with a tiled walk-in shower and glass doors. A second bedroom and full bathroom complete the interior.
Residents have access to a community pool and tennis courts. The property is near Quarry Lake, with shopping, dining, and everyday services in the surrounding area.
Residents have access to a community pool and tennis courts. The property is near Quarry Lake, with shopping, dining, and everyday services in the surrounding area.
Key Highlights
- Two bedrooms and two bathrooms
- Fireplace in the open living and dining area
- Covered patio overlooking landscaped grounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,592
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,840
$371.8K
Cap Rate 7%
$265,600
$265.6K
Cap Rate 9%
$206,578
$206.6K
Market Conditions
NOI Build-Up for 1,427 SF
Gross rent
$36.0K $25.20/SF
− Vacancy
−$2.2K −$1.51/SF
EGI
$33.8K $23.69/SF
− OpEx
−$15.2K −$10.66/SF
NOI
$18.6K $13.03/SF
Area
Baltimore, MD
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,840
Cap Rate 7%
$265,600
Cap Rate 9%
$206,578
Alternative Uses
Best Use
Apartment 5plus
$265.6K
$232.4K – $309.9K
NOI $18,592 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$341.9K
$299.1K – $398.9K
NOI $23,931 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
Demographics for 21209, MD
28,659
Population
12,086
Households
2.4
Avg Household Size
37
Median Age
60%
College-Educated
96%
High-School Grad
6.5 sq mi
ZIP Area
4,409
Density / Sq Mi
$87,669
Median Household Income
$57,694
Median Earnings
$1,640
Median Rent
$418,800
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes a covered patio and access to community swimming and tennis amenities.
Where is this residential income property located?
The property is located at 1 PIPEHILL COURT Unit 1A Baltimore, MD.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; Fireplace in the open living and dining area; Covered patio overlooking landscaped grounds
