Two-Bedroom Residential
For Sale
$310,000
2007 CLIPPER PARK ROAD Unit 418, Baltimore, MD 21211
Top-floor residence with a private deck, deeded parking, and access to shared recreation amenities.
Property Size1,067 SF
Price / SF$290.53
Days on Market77
Property Features for 2007 CLIPPER PARK ROAD Unit 418
General Information
Standard status
Active
Size
1,067 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Woodberry
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,716
Amenities
community pool
community room
nature-view deck
private deck
grills
tables
hammocks
Building Details
Building Size
1,067 SF
Year Built
2006
Listing Agency:
Samson Properties
Listed By:
Lindsay D Buck · License #591258
(443) 632-6012
Source:
Ghimirehomes
Added: Aug 14
Changed: Oct 27
Last Checked: Oct 26 at 3:15PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 1,067-square-foot, top-floor condominium was built in 2006 and has two bedrooms and two full bathrooms. Its open-plan interior includes updated LVP flooring, sliding doors, newer appliances, and neutral paint. A private rear deck looks toward Millrace Stream and the community’s landscaped grounds. Deeded parking is included.
Shared amenities include a community swimming pool, outdoor grills, tables, hammocks, a community room, and a second deck near the lobby. Neighborhood dining, Hampden, nearby trails, Druid Hill Park, the Zen Garden, and Downtown Baltimore are among the destinations identified in the property information; transit and commuter routes are also noted.
Shared amenities include a community swimming pool, outdoor grills, tables, hammocks, a community room, and a second deck near the lobby. Neighborhood dining, Hampden, nearby trails, Druid Hill Park, the Zen Garden, and Downtown Baltimore are among the destinations identified in the property information; transit and commuter routes are also noted.
Key Highlights
- Two bedrooms and two full bathrooms
- 1,067 square feet; built in 2006
- Top‑floor unit with a private deck facing Millrace Stream
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,901
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,020
$278.0K
Cap Rate 7%
$198,586
$198.6K
Cap Rate 9%
$154,456
$154.5K
Market Conditions
NOI Build-Up for 1,067 SF
Gross rent
$26.9K $25.20/SF
− Vacancy
−$1.6K −$1.51/SF
EGI
$25.3K $23.69/SF
− OpEx
−$11.4K −$10.66/SF
NOI
$13.9K $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%
$278,020
Cap Rate 7%
$198,586
Cap Rate 9%
$154,456
Alternative Uses
Best Use
Apartment 5plus
$198.6K
$173.8K – $231.7K
NOI $13,901 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$255.6K
$223.7K – $298.2K
NOI $17,894 @ 7.0% cap · market cap 5.77%
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
1,085
Businesses Nearby
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Business Placement
Demographics for 21211, MD
17,721
Population
9,056
Households
2
Avg Household Size
37
Median Age
61%
College-Educated
93%
High-School Grad
2.9 sq mi
ZIP Area
6,111
Density / Sq Mi
$81,467
Median Household Income
$64,019
Median Earnings
$1,577
Median Rent
$274,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor residence with a private deck, deeded parking, and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 2007 CLIPPER PARK ROAD Unit 418 Baltimore, MD.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; 1,067 square feet; built in 2006; Top‑floor unit with a private deck facing Millrace Stream
