One-Bedroom Residential Income
For Sale
$249,900
2007 CLIPPER PARK ROAD Unit 314, Baltimore, MD 21211
Condominium features hardwood flooring, stainless steel appliances, shared outdoor amenities, and secure underground parking.
Property Size966 SF
Days on Market93
Property Features for 2007 CLIPPER PARK ROAD Unit 314
General Information
Standard status
Active
Size
966 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,713
Amenities
lounge
outdoor space with seating and grills
pool with a hot tub and waterfall
Building Details
Building Size
966 SF
Year Built
2006
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
Listed By:
Ibby P Fazzini · License #515437
(410) 375-6418
Source:
Thehulsmangroup
Added: Jul 6
Changed: Oct 3
Last Checked: Oct 5 at 9:59PM
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 Berkshire Hathaway HomeServices Homesale Realty
Investment Insights
Based on property information with market context.
This 1-bedroom, 1-bath condominium is located in the Millrace Building and offers an open interior with 9-foot ceilings, oversized windows, hardwood floors, and a generously sized primary bedroom. The kitchen includes stainless steel appliances, substantial cabinetry, and ample counter space. A new HVAC system was installed in 2020.
Ownership includes deeded assigned parking space P-28 in the secure underground garage. Community amenities include a resident lounge, outdoor seating with grills, and a pool with hot tub and waterfall. The property is near the Light Rail, I-83, downtown Baltimore, The Avenue in Hampden, and a selection of restaurants, cafes, breweries, and boutique shopping within walking distance.
Ownership includes deeded assigned parking space P-28 in the secure underground garage. Community amenities include a resident lounge, outdoor seating with grills, and a pool with hot tub and waterfall. The property is near the Light Rail, I-83, downtown Baltimore, The Avenue in Hampden, and a selection of restaurants, cafes, breweries, and boutique shopping within walking distance.
Key Highlights
- 1‑bedroom, 1‑bath condominium in the Millrace Building
- 9‑foot ceilings, oversized windows, and hardwood floors
- Kitchen with stainless steel appliances and ample cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,585
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,700
$251.7K
Cap Rate 7%
$179,786
$179.8K
Cap Rate 9%
$139,833
$139.8K
Market Conditions
NOI Build-Up for 966 SF
Gross rent
$24.3K $25.20/SF
− Vacancy
−$1.5K −$1.51/SF
EGI
$22.9K $23.69/SF
− OpEx
−$10.3K −$10.66/SF
NOI
$12.6K $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%
$251,700
Cap Rate 7%
$179,786
Cap Rate 9%
$139,833
Alternative Uses
Best Use
Apartment 5plus
$179.8K
$157.3K – $209.8K
NOI $12,585 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.4K
$202.5K – $270.0K
NOI $16,200 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Explore this area
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 - Condominium features hardwood flooring, stainless steel appliances, shared outdoor amenities, and secure underground parking.
Where is this residential income property located?
The property is located at 2007 CLIPPER PARK ROAD Unit 314 Baltimore, MD.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1‑bedroom, 1‑bath condominium in the Millrace Building; 9‑foot ceilings, oversized windows, and hardwood floors; Kitchen with stainless steel appliances and ample cabinetry
