One-Bedroom
For Sale
$130,000
23 PIERSIDE DRIVE Unit 326, Baltimore, MD 21230
Residents have access to a fitness center, conference room, garage parking, and round-the-clock concierge service.
Property Size765 SF
Price / SF$169.93
Days on Market78
Property Features for 23 PIERSIDE DRIVE Unit 326
General Information
Standard status
Active
Size
765 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Key Highway
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,087
Amenities
24-hour concierge
conference room
fitness center
garage parking
security
Building Details
Building Size
765 SF
Year Built
2005
Listing Agency:
Iron Valley Real Estate Charm City
Listed By:
James Brennan · License #641281
(443) 600-3417
Source:
Ghimirehomes
Added: Aug 13
Changed: Oct 27
Last Checked: Oct 27 at 3:52AM
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 Iron Valley Real Estate Charm City
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Investment Insights
Based on property information with market context.
This 765-square-foot condominium at 23 Pierside Drive includes one bedroom and one bathroom. The building dates to 2005 and offers a fitness center, conference room, garage parking, security, and concierge service available 24 hours a day.
The property is in Baltimore’s Federal Hill area, near Federal Hill Park, Latrobe Park, Riverside Park, the Inner Harbor, and Rash Field Park. Downtown Baltimore and Baltimore/Washington International Thurgood Marshall Airport are also described as minutes away.
The property is in Baltimore’s Federal Hill area, near Federal Hill Park, Latrobe Park, Riverside Park, the Inner Harbor, and Rash Field Park. Downtown Baltimore and Baltimore/Washington International Thurgood Marshall Airport are also described as minutes away.
Key Highlights
- 765‑square‑foot, one‑bedroom, one‑bathroom condominium
- Built in 2005
- 24‑hour concierge and security
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,967
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,340
$199.3K
Cap Rate 7%
$142,386
$142.4K
Cap Rate 9%
$110,744
$110.7K
Market Conditions
NOI Build-Up for 765 SF
Gross rent
$19.3K $25.20/SF
− Vacancy
−$1.2K −$1.51/SF
EGI
$18.1K $23.69/SF
− OpEx
−$8.2K −$10.66/SF
NOI
$10.0K $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%
$199,340
Cap Rate 7%
$142,386
Cap Rate 9%
$110,744
Alternative Uses
Best Use
Apartment 5plus
$142.4K
$124.6K – $166.1K
NOI $9,967 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$183.3K
$160.4K – $213.8K
NOI $12,829 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to a fitness center, conference room, garage parking, and round-the-clock concierge service.
Where is this residential income property located?
The property is located at 23 PIERSIDE DRIVE Unit 326 Baltimore, MD.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: 765‑square‑foot, one‑bedroom, one‑bathroom condominium; Built in 2005; 24‑hour concierge and security
