Ground-Floor Residential Income
2 HIGH STEPPER COURT Unit 104, Pikesville, MD 21208
For Sale
$225,000
Single-level condo with private patio, updated kitchen, in-unit laundry, and access to gated community amenities.
Property Size1,496 SF
Price / SF$150.40
Days on Market57
Property Features for 2 HIGH STEPPER COURT Unit 104
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
HOA Fee
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private patio
pool
tennis courts
security
in-unit laundry room
Building Details
Building Size
Year Built
Listing Agency:
Cummings & Co. Realtors
Listed By:
Benjamin J Garner
(240) 216-7841
Source:
Thehulsmangroup
Added: Sep 16
Changed: Nov 2
Last Checked: Nov 10 at 1:56PM
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
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Investment Insights
Based on property information with market context.
This 1,496-square-foot ground-floor residential income property provides two bedrooms, two full baths, and a single-level layout without stairs. The interior includes an updated kitchen with white appliances, granite countertops, pantry storage with pull-out shelving, a separate dining area, and a flexible living or media room. The primary bedroom has a private full bath, while a second full bath serves the additional bedroom. An in-unit laundry room adds everyday convenience. Fresh paint, hardwood flooring in the living and dining areas, and new carpet in the guest bedroom complete the interior updates.
A private patio extends to a grassy common area. The gated community offers first-come, first-served parking, a pool, tennis courts, and security. The condo fee covers water, trash, snow removal, lawn care, exterior maintenance, insurance, and reserves. Built in 1984.
A private patio extends to a grassy common area. The gated community offers first-come, first-served parking, a pool, tennis courts, and security. The condo fee covers water, trash, snow removal, lawn care, exterior maintenance, insurance, and reserves. Built in 1984.
Key Highlights
- 1,496 SF condo with 2 bedrooms and 2 full baths
- Ground‑floor, single‑level layout with no stairs
- Private patio opening to a grassy common area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,776
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,520
$355.5K
Cap Rate 7%
$253,943
$253.9K
Cap Rate 9%
$197,511
$197.5K
Market Conditions
NOI Build-Up for 1,496 SF
Gross rent
$34.8K $23.28/SF
− Vacancy
−$2.5K −$1.68/SF
EGI
$32.3K $21.60/SF
− OpEx
−$14.5K −$9.72/SF
NOI
$17.8K $11.88/SF
Area
Baltimore County, MD
Vacancy
7.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,520
Cap Rate 7%
$253,943
Cap Rate 9%
$197,511
Alternative Uses
Best Use
Apartment 5plus
$253.9K
$222.2K – $296.3K
NOI $17,776 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$333.5K
$291.8K – $389.1K
NOI $23,347 @ 7.0% cap · market cap 10.38%
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
1,195
Businesses Nearby
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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
$313,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Baltimore County, MD
Properties on Market for Residential income properties in Baltimore County
Frequently Asked Questions
What type of property is this?
Residential income property - Single-level condo with private patio, updated kitchen, in-unit laundry, and access to gated community amenities.
Where is this residential income property located?
The property is located at 2 HIGH STEPPER COURT Unit 104 Pikesville, MD.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,496 SF condo with 2 bedrooms and 2 full baths; Ground‑floor, single‑level layout with no stairs; Private patio opening to a grassy common area
