Two-Bedroom Residential Income
For Sale
$215,000
24 DEER RUN COURT Unit 606, Baltimore, MD 21227
Updated condo unit with hardwood flooring, a private balcony, and wooded rear views in Riverchase Condos.
Property Size1,059 SF
Price / SF$203.02
Days on Market29
Property Features for 24 DEER RUN COURT Unit 606
General Information
Standard status
Active
Size
1,059 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,097
Building Details
Building Size
1,059 SF
Year Built
1988
Listing Agency:
Compass
Listed By:
Nicholas W Bogardus · License #662465
(410) 914-7355
Source:
Thehulsmangroup
Added: Sep 8
Changed: Oct 3
Last Checked: Oct 4 at 4:28PM
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 Compass
Investment Insights
Based on property information with market context.
Unit 606 at Riverchase Condos is a residential income property with two bedrooms, one bathroom, and 1,059 square feet of living area. Built in 1988, the unit features a freshly painted interior, hardwood flooring throughout, and a large living room with flexible space for daily living or entertaining. Both bedrooms provide generous proportions, while the private balcony overlooks a wooded backdrop.
The property is located at 24 Deer Run Court in Baltimore, Maryland. Its condominium setting combines an updated interior with outdoor space and views of the surrounding trees. The unit offers a defined two-bedroom layout within the Riverchase Condos community.
The property is located at 24 Deer Run Court in Baltimore, Maryland. Its condominium setting combines an updated interior with outdoor space and views of the surrounding trees. The unit offers a defined two-bedroom layout within the Riverchase Condos community.
Key Highlights
- Two‑bedroom, one‑bathroom condominium unit
- 1,059 square feet of living area
- Freshly painted interior with hardwood floors throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,797
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,940
$275.9K
Cap Rate 7%
$197,100
$197.1K
Cap Rate 9%
$153,300
$153.3K
Market Conditions
NOI Build-Up for 1,059 SF
Gross rent
$26.7K $25.20/SF
− Vacancy
−$1.6K −$1.51/SF
EGI
$25.1K $23.69/SF
− OpEx
−$11.3K −$10.66/SF
NOI
$13.8K $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%
$275,940
Cap Rate 7%
$197,100
Cap Rate 9%
$153,300
Alternative Uses
Best Use
Apartment 5plus
$197.1K
$172.5K – $230.0K
NOI $13,797 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$253.7K
$222.0K – $296.0K
NOI $17,759 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 21227, MD
35,837
Population
14,260
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
85%
High-School Grad
11.3 sq mi
ZIP Area
3,171
Density / Sq Mi
$83,620
Median Household Income
$52,643
Median Earnings
$1,347
Median Rent
$272,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condo unit with hardwood flooring, a private balcony, and wooded rear views in Riverchase Condos.
Where is this residential income property located?
The property is located at 24 DEER RUN COURT Unit 606 Baltimore, MD.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom condominium unit; 1,059 square feet of living area; Freshly painted interior with hardwood floors throughout
