Ground-Level Residential Income
For Sale
$269,900
1 RUMFORD DRIVE Unit 101, Baltimore, MD 21228
Ground-level condominium with updated mechanical systems, private patio, and access requiring minimal steps.
Property Size1,037 SF
Days on Market69
Property Features for 1 RUMFORD DRIVE Unit 101
General Information
Standard status
Active
Size
1,037 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,545
Building Details
Building Size
1,037 SF
Year Built
1989
Listing Agency:
Mohler and Gary Realtors LLC
Listed By:
Michael C Gary Sr. · License #82742
(410) 960-6819
Source:
Thehulsmangroup
Added: Aug 5
Changed: Oct 11
Last Checked: Oct 11 at 10:31AM
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 Mohler and Gary Realtors LLC
Investment Insights
Based on property information with market context.
Unit 101 at Westchester Condos is a ground-level residential condominium with two bedrooms and two bathrooms. Interior improvements include pecan hardwood flooring, fresh paint, ceramic tile in the kitchen, and a newer water heater. The unit is equipped with a Bosch high-efficiency inverter heat pump and WiFi thermostat. A private patio adds outdoor space, while the ground-floor position provides access with minimal steps. The community welcomes children and is not restricted to residents age 55 and older. The property is located at 1 Rumford Drive in Baltimore, Maryland, with the trolley trail within walking distance. Built in 1989, the unit is offered for sale.
Key Highlights
- Ground‑level Westchester condominium with 2 bedrooms and 2 bathrooms
- Bosch high‑efficiency inverter heat pump with WiFi thermostat
- Pecan hardwood floors and fresh interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,510
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,200
$270.2K
Cap Rate 7%
$193,000
$193.0K
Cap Rate 9%
$150,111
$150.1K
Market Conditions
NOI Build-Up for 1,037 SF
Gross rent
$26.1K $25.20/SF
− Vacancy
−$1.6K −$1.51/SF
EGI
$24.6K $23.69/SF
− OpEx
−$11.1K −$10.66/SF
NOI
$13.5K $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%
$270,200
Cap Rate 7%
$193,000
Cap Rate 9%
$150,111
Alternative Uses
Best Use
Apartment 5plus
$193.0K
$168.9K – $225.2K
NOI $13,510 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$248.4K
$217.4K – $289.9K
NOI $17,391 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 21228, MD
50,418
Population
20,357
Households
2.5
Avg Household Size
42
Median Age
50%
College-Educated
92%
High-School Grad
15.6 sq mi
ZIP Area
3,232
Density / Sq Mi
$107,714
Median Household Income
$59,038
Median Earnings
$1,631
Median Rent
$389,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-level condominium with updated mechanical systems, private patio, and access requiring minimal steps.
Where is this residential income property located?
The property is located at 1 RUMFORD DRIVE Unit 101 Baltimore, MD.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Ground‑level Westchester condominium with 2 bedrooms and 2 bathrooms; Bosch high‑efficiency inverter heat pump with WiFi thermostat; Pecan hardwood floors and fresh interior paint
