Residential Income Property with
For Sale
$239,900
13 PIPE HILL COURT Unit B, Baltimore, MD 21209
An additional room beside the dining area can serve as a den, bedroom, or office.
Property Size1,443 SF
Days on Market12
Property Features for 13 PIPE HILL COURT Unit B
General Information
Standard status
Active
Size
1,443 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,303
Amenities
pool
clubhouse
tennis courts
playground
balcony
Building Details
Building Size
1,443 SF
Year Built
1986
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Nanci A Diamond · License #608057
(410) 274-8466
Source:
Thehulsmangroup
Added: Sep 25
Changed: Oct 3
Last Checked: Oct 6 at 12:31AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This one-level residential unit includes an updated kitchen with a new microwave and stove, new HVAC, new carpet, and recessed lighting. The primary suite has an en-suite bath and an oversized walk-in closet. An extra room off the dining area offers flexibility for use as a den, bedroom, or office. A balcony overlooks landscaped community grounds.
Shared amenities include a pool, clubhouse, tennis courts, and playground. The property is near shopping, dining, The Quarry, Green Spring Station, and Lake Roland, with access to Routes 695 and 83. Built in 1986.
Shared amenities include a pool, clubhouse, tennis courts, and playground. The property is near shopping, dining, The Quarry, Green Spring Station, and Lake Roland, with access to Routes 695 and 83. Built in 1986.
Key Highlights
- One‑level unit with balcony overlooking landscaped grounds
- Kitchen updated with new microwave and stove
- New HVAC, carpet, and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,800
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,000
$376.0K
Cap Rate 7%
$268,571
$268.6K
Cap Rate 9%
$208,889
$208.9K
Market Conditions
NOI Build-Up for 1,443 SF
Gross rent
$36.4K $25.20/SF
− Vacancy
−$2.2K −$1.51/SF
EGI
$34.2K $23.69/SF
− OpEx
−$15.4K −$10.66/SF
NOI
$18.8K $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%
$376,000
Cap Rate 7%
$268,571
Cap Rate 9%
$208,889
Alternative Uses
Best Use
Apartment 5plus
$268.6K
$235.0K – $313.3K
NOI $18,800 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.7K
$302.5K – $403.3K
NOI $24,199 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
497
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
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Frequently Asked Questions
What type of property is this?
Residential income property - An additional room beside the dining area can serve as a den, bedroom, or office.
Where is this residential income property located?
The property is located at 13 PIPE HILL COURT Unit B Baltimore, MD.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: One‑level unit with balcony overlooking landscaped grounds; Kitchen updated with new microwave and stove; New HVAC, carpet, and recessed lighting
