Updated Condo Income
For Sale
$219,000
1436 GREENBRIAR CIRCLE Unit 3-1436, Baltimore, MD 21208
Renovated interiors, in-home laundry, and a wooded rear outlook support comfortable residential living.
Property Size1,056 SF
Days on Market20
Property Features for 1436 GREENBRIAR CIRCLE Unit 3-1436
General Information
Standard status
Active
Size
1,056 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,757
Amenities
pool
in-unit laundry
intercom system
Building Details
Building Size
1,056 SF
Year Built
1989
Listing Agency:
Cummings & Co. Realtors
Listed By:
Audrey M Bullock · License #523916
(410) 935-5656
Source:
Thehulsmangroup
Added: Sep 8
Changed: Sep 27
Last Checked: Sep 26 at 2:09PM
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 Cummings & Co. Realtors
Investment Insights
Based on property information with market context.
This Baltimore condominium, built in 1989, combines updated interior finishes with practical everyday features. Improvements include fresh paint, LVP flooring, carpet, a modernized kitchen, and renovated bathrooms. The residence also includes in-unit laundry and an intercom system. Its rear position along a wooded area provides a quieter outlook and added privacy.
Building improvements include a roof replacement completed in 2025 and new carpet in the entry and lobby. Residents have access to a community pool, while shopping, restaurants, and major commuter routes are conveniently accessible from the property. The combination of interior renovations, building updates, and shared amenities creates a straightforward residential income property offering.
Building improvements include a roof replacement completed in 2025 and new carpet in the entry and lobby. Residents have access to a community pool, while shopping, restaurants, and major commuter routes are conveniently accessible from the property. The combination of interior renovations, building updates, and shared amenities creates a straightforward residential income property offering.
Key Highlights
- Updated kitchen and renovated bathrooms
- Fresh paint, LVP flooring, and new carpet throughout the residence
- In‑unit laundry and intercom system
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
$13,758
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
6.28%
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%
$275,160
$275.2K
Cap Rate 7%
$196,543
$196.5K
Cap Rate 9%
$152,867
$152.9K
Market Conditions
NOI Build-Up for 1,056 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
$26.6K $25.20/SF
− Vacancy
−$1.6K −$1.51/SF
EGI
$25.0K $23.69/SF
− OpEx
−$11.3K −$10.66/SF
NOI
$13.8K $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 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%
$275,160
Cap Rate 7%
$196,543
Cap Rate 9%
$152,867
Alternative Uses
Best Use
Apartment 5plus
$196.5K
$172.0K – $229.3K
NOI $13,758 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$253.0K
$221.4K – $295.2K
NOI $17,709 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,030
Businesses Nearby
Explore this area
Business Placement
Demographics for 21208, MD
35,007
Population
16,397
Households
2.1
Avg Household Size
46
Median Age
49%
College-Educated
94%
High-School Grad
12.6 sq mi
ZIP Area
2,778
Density / Sq Mi
$90,822
Median Household Income
$55,620
Median Earnings
$1,672
Median Rent
$313,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated interiors, in-home laundry, and a wooded rear outlook support comfortable residential living.
Where is this residential income property located?
The property is located at 1436 GREENBRIAR CIRCLE Unit 3-1436 Baltimore, MD.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Updated kitchen and renovated bathrooms; Fresh paint, LVP flooring, and new carpet throughout the residence; In‑unit laundry and intercom system
