Residential Income Property with
2772 LIGHTHOUSE POINT E Unit 201, Baltimore, MD 21224
For Sale
$499,900
The 2007 condominium unit includes assigned parking and additional storage.
Property Size1,886 SF
Price / SF$265.06
Days on Market306
Property Features for 2772 LIGHTHOUSE POINT E Unit 201
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
additional storage
assigned parking
Building Details
Building Size
Year Built
Listing Agency:
American Premier Realty, LLC
Listed By:
Stephanie Meseroll · License MD #5014797
(443) 243-4093
Source:
Gallerycollectivere
Added: Jan 10
Changed: Nov 8
Last Checked: Nov 10 at 6:43PM
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 American Premier Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,886-square-foot condominium unit was built in 2007. Its open layout connects the living and dining areas with the kitchen, which has ample cabinet storage. Bedrooms include closet space, and the bathrooms have been updated. In-unit laundry, assigned parking, and additional storage are also part of the property.
The community’s grounds are professionally managed, with shopping, dining, and major commuter routes accessible from the property.
The community’s grounds are professionally managed, with shopping, dining, and major commuter routes accessible from the property.
Key Highlights
- 1,886‑square‑foot condominium unit
- Built in 2007
- In‑unit laundry, assigned parking, and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,893
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,860
$457.9K
Cap Rate 7%
$327,043
$327.0K
Cap Rate 9%
$254,367
$254.4K
Market Conditions
NOI Build-Up for 1,886 SF
Gross rent
$43.9K $23.28/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$41.6K $22.07/SF
− OpEx
−$18.7K −$9.93/SF
NOI
$22.9K $12.14/SF
Area
ZIP 21224
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,860
Cap Rate 7%
$327,043
Cap Rate 9%
$254,367
Alternative Uses
Best Use
Apartment 5plus
$327.0K
$286.2K – $381.6K
NOI $22,893 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$451.8K
$395.4K – $527.1K
NOI $31,628 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,754
Businesses Nearby
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Business Placement
Demographics for 21224, MD
54,266
Population
23,433
Households
2.3
Avg Household Size
33
Median Age
50%
College-Educated
85%
High-School Grad
9.3 sq mi
ZIP Area
5,835
Density / Sq Mi
$86,209
Median Household Income
$63,556
Median Earnings
$1,782
Median Rent
$281,400
Median Home Value
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Market
Average Price Trend$/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 - The 2007 condominium unit includes assigned parking and additional storage.
Where is this residential income property located?
The property is located at 2772 LIGHTHOUSE POINT E Unit 201 Baltimore, MD.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,886‑square‑foot condominium unit; Built in 2007; In‑unit laundry, assigned parking, and additional storage
