Two-Bedroom
2205 FALLS GABLE LANE Unit A, Baltimore, MD 21209
For Sale
$268,000
A two-story residence pairs a loft and balcony with an updated kitchen and shared outdoor pool access.
Property Size1,430 SF
Price / SF$187.41
Days on Market80
Property Features for 2205 FALLS GABLE LANE Unit A
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
outdoor pool
fireplace
balcony
Building Details
Building Size
Year Built
Listing Agency:
Smart Realty, LLC
Listed By:
Demond Pollard · License MD #660492
(804) 386-2172
Source:
Ghimirehomes
Added: Aug 24
Changed: Nov 6
Last Checked: Nov 10 at 8:24AM
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 Smart Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1994, this two-story condominium offers 1,430 square feet with two bedrooms, two bathrooms, and a loft. The layout includes a separate dining area, an updated kitchen with stainless steel appliances, granite countertops, and a breakfast bar, plus a fireplace. A balcony and ample closet and storage space round out the interior features.
Community amenities include an outdoor pool, with water and trash service included.
Community amenities include an outdoor pool, with water and trash service included.
Key Highlights
- 1,430‑square‑foot, two‑story condominium built in 1994
- Two bedrooms, two bathrooms, and a loft
- Updated kitchen with stainless steel appliances, granite countertops, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,631
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,620
$372.6K
Cap Rate 7%
$266,157
$266.2K
Cap Rate 9%
$207,011
$207.0K
Market Conditions
NOI Build-Up for 1,430 SF
Gross rent
$36.0K $25.20/SF
− Vacancy
−$2.2K −$1.51/SF
EGI
$33.9K $23.69/SF
− OpEx
−$15.2K −$10.66/SF
NOI
$18.6K $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%
$372,620
Cap Rate 7%
$266,157
Cap Rate 9%
$207,011
Alternative Uses
Best Use
Apartment 5plus
$266.2K
$232.9K – $310.5K
NOI $18,631 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.6K
$299.8K – $399.7K
NOI $23,981 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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
$418,800
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Baltimore, MD
Properties on Market for Residential income properties in Baltimore
Frequently Asked Questions
What type of property is this?
Residential income property - A two-story residence pairs a loft and balcony with an updated kitchen and shared outdoor pool access.
Where is this residential income property located?
The property is located at 2205 FALLS GABLE LANE Unit A Baltimore, MD.
What is the asking price?
The asking price for this property is $268,000.
What are key features of this property?
This property features: 1,430‑square‑foot, two‑story condominium built in 1994; Two bedrooms, two bathrooms, and a loft; Updated kitchen with stainless steel appliances, granite countertops, and breakfast bar
