One-Bedroom
23 PIERSIDE DRIVE Unit 313, Baltimore, MD 21230
For Sale
New
$159,000
Garage parking accompanies an updated kitchen with stainless steel appliances and a breakfast bar.
Property Size700 SF
Price / SF$227.14
Days on Market5
Property Features for 23 PIERSIDE DRIVE Unit 313
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Cummings & Co. Realtors
Listed By:
Jeanne M Thommen · License #665591
(410) 302-3273
Source:
Thehulsmangroup
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 6 at 3:03PM
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 Cummings & Co. Realtors
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Investment Insights
Based on property information with market context.
Built in 2005, this one-bedroom, one-bath condominium offers approximately 700 square feet of interior space. Hardwood flooring extends through the living area and bedroom, while an open living and dining layout connects to the kitchen. White cabinetry, stainless steel appliances, countertops, and a breakfast bar complete the kitchen. The bedroom has closet storage and direct access to the full bathroom; garage parking is included.
The residence is in the HarborView community in Baltimore’s Inner Harbor area. The address is 23 Pierside Drive, Unit 313.
The residence is in the HarborView community in Baltimore’s Inner Harbor area. The address is 23 Pierside Drive, Unit 313.
Key Highlights
- One bedroom and one full bathroom
- Approximately 700 square feet
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,120
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,400
$182.4K
Cap Rate 7%
$130,286
$130.3K
Cap Rate 9%
$101,333
$101.3K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$17.6K $25.20/SF
− Vacancy
−$1.1K −$1.51/SF
EGI
$16.6K $23.69/SF
− OpEx
−$7.5K −$10.66/SF
NOI
$9.1K $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%
$182,400
Cap Rate 7%
$130,286
Cap Rate 9%
$101,333
Alternative Uses
Best Use
Apartment 5plus
$130.3K
$114.0K – $152.0K
NOI $9,120 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$167.7K
$146.7K – $195.7K
NOI $11,739 @ 7.0% cap · market cap 7.38%
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Garage parking accompanies an updated kitchen with stainless steel appliances and a breakfast bar.
Where is this residential income property located?
The property is located at 23 PIERSIDE DRIVE Unit 313 Baltimore, MD.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: One bedroom and one full bathroom; Approximately 700 square feet; Built in 2005
