One-Bedroom Waterfront
23 PIERSIDE DRIVE Unit 211, Baltimore, MD 21230
For Sale
$129,900
Residents have access to a fitness center, swimming pool, conference room, and garage parking.
Property Size660 SF
Price / SF$196.82
Days on Market55
Property Features for 23 PIERSIDE DRIVE Unit 211
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour concierge
security
garage parking
conference room
fitness center
community pool
Building Details
Building Size
Year Built
Listing Agency:
Northrop Realty
Listed By:
Adam Nemeroff · License MD #635398
(410) 627-7487
Source:
Genedru
Added: Sep 18
Changed: Nov 2
Last Checked: Nov 10 at 8:15AM
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 Northrop Realty
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Investment Insights
Based on property information with market context.
This 660-square-foot condominium in Harborview’s waterfront community has one bedroom and one bathroom. Built in 2002, the unit offers an open layout and natural light. Building amenities include a 24-hour concierge, security, garage parking, a conference room, a fitness center, and a community pool.
The property is in Baltimore, with the Inner Harbor, Federal Hill, restaurants, shopping, parks, and waterfront attractions nearby.
The property is in Baltimore, with the Inner Harbor, Federal Hill, restaurants, shopping, parks, and waterfront attractions nearby.
Key Highlights
- One‑bedroom, one‑bathroom condominium with 660 square feet
- Built in 2002
- Community amenities include 24‑hour concierge, security, garage parking, conference room, fitness center, and pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,599
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,980
$172.0K
Cap Rate 7%
$122,843
$122.8K
Cap Rate 9%
$95,544
$95.5K
Market Conditions
NOI Build-Up for 660 SF
Gross rent
$16.6K $25.20/SF
− Vacancy
−$998 −$1.51/SF
EGI
$15.6K $23.69/SF
− OpEx
−$7.0K −$10.66/SF
NOI
$8.6K $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%
$171,980
Cap Rate 7%
$122,843
Cap Rate 9%
$95,544
Alternative Uses
Best Use
Apartment 5plus
$122.8K
$107.5K – $143.3K
NOI $8,599 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$158.1K
$138.4K – $184.5K
NOI $11,068 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,463
Businesses Nearby
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Business Placement
Demographics for 21230, MD
36,660
Population
18,070
Households
2
Avg Household Size
33
Median Age
59%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
5,819
Density / Sq Mi
$94,164
Median Household Income
$69,973
Median Earnings
$1,771
Median Rent
$327,700
Median Home Value
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Market
Average Price Trend$/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 - Residents have access to a fitness center, swimming pool, conference room, and garage parking.
Where is this residential income property located?
The property is located at 23 PIERSIDE DRIVE Unit 211 Baltimore, MD.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom condominium with 660 square feet; Built in 2002; Community amenities include 24‑hour concierge, security, garage parking, conference room, fitness center, and pool
