Two-Bedroom Residential Income
New
For Sale
$235,000
2151 WOODBOX LANE Unit B, Baltimore, MD 21209
Residents have access to an outdoor pool, shared grounds, sidewalks, and parking near both entrances.
Property Size1,313 SF
Days on Market3
Property Features for 2151 WOODBOX LANE Unit B
General Information
Standard status
Active
Size
1,313 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,400
Amenities
outdoor pool
common grounds
sidewalks
in-unit laundry
intercom system
main entrance lock
Building Details
Building Size
1,313 SF
Year Built
1986
Construction
brick
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Nanci A Diamond · License #608057
(410) 274-8466
Source:
Thehulsmangroup
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:13PM
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.
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Investment Insights
Based on property information with market context.
This residential unit has two bedrooms, two full bathrooms, a kitchen with table space, and a dining area. A private balcony connects to both the dining room and living room. The unit also includes an in-unit laundry room with a washer and dryer, electric oven, refrigerator, and dishwasher. Brick construction dates to 1986.
Community features include an outdoor pool, common grounds, sidewalks, and parking at the front and rear entrances. An intercom and locked main entrance provide building access control. The association handles common-area maintenance, insurance, and trash service. Shopping and restaurants are nearby, with access to I-695 and I-83.
Community features include an outdoor pool, common grounds, sidewalks, and parking at the front and rear entrances. An intercom and locked main entrance provide building access control. The association handles common-area maintenance, insurance, and trash service. Shopping and restaurants are nearby, with access to I-695 and I-83.
Key Highlights
- Two bedrooms and two full bathrooms
- Private balcony accessible from the dining room and living room
- In‑unit laundry room with washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,106
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,120
$342.1K
Cap Rate 7%
$244,371
$244.4K
Cap Rate 9%
$190,067
$190.1K
Market Conditions
NOI Build-Up for 1,313 SF
Gross rent
$33.1K $25.20/SF
− Vacancy
−$2.0K −$1.51/SF
EGI
$31.1K $23.69/SF
− OpEx
−$14.0K −$10.66/SF
NOI
$17.1K $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%
$342,120
Cap Rate 7%
$244,371
Cap Rate 9%
$190,067
Alternative Uses
Best Use
Apartment 5plus
$244.4K
$213.8K – $285.1K
NOI $17,106 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.6K
$275.2K – $367.0K
NOI $22,019 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
257
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
Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to an outdoor pool, shared grounds, sidewalks, and parking near both entrances.
Where is this residential income property located?
The property is located at 2151 WOODBOX LANE Unit B Baltimore, MD.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Private balcony accessible from the dining room and living room; In‑unit laundry room with washer and dryer
