Updated Residential Income
For Sale
$204,900
2927 KATEWOOD COURT Unit 5, Baltimore, MD 21209
Two-bedroom, two-bath condominium with one-level living and newly installed kitchen and bathroom cabinetry.
Property Size964 SF
Days on Market65
Property Features for 2927 KATEWOOD COURT Unit 5
General Information
Standard status
Active
Size
964 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,697
Building Details
Building Size
964 SF
Year Built
1994
Listing Agency:
Cummings & Co. Realtors
Listed By:
Jason F. Rubenstein · License #665417
(443) 253-0944
Source:
Thehulsmangroup
Added: Aug 4
Changed: Oct 3
Last Checked: Oct 6 at 12:42AM
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
Investment Insights
Based on property information with market context.
This one-level condominium provides two bedrooms, two full bathrooms, and a primary suite with its own private bath. The floor plan includes a living and dining area, a kitchen, and storage, with natural light throughout the interior. Kitchen and bathroom cabinetry have been newly installed, and both bathrooms have received updates.
Built in 1994, the property is located in Pikesville near shopping, dining, parks, and major commuter routes. Its private setting and condominium format support a low-maintenance residential offering within the Baltimore area.
Built in 1994, the property is located in Pikesville near shopping, dining, parks, and major commuter routes. Its private setting and condominium format support a low-maintenance residential offering within the Baltimore area.
Key Highlights
- Two‑bedroom, two‑bath condominium with one‑level living
- New kitchen and bathroom cabinetry
- Primary suite includes a private full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,559
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,180
$251.2K
Cap Rate 7%
$179,414
$179.4K
Cap Rate 9%
$139,544
$139.5K
Market Conditions
NOI Build-Up for 964 SF
Gross rent
$24.3K $25.20/SF
− Vacancy
−$1.5K −$1.51/SF
EGI
$22.8K $23.69/SF
− OpEx
−$10.3K −$10.66/SF
NOI
$12.6K $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%
$251,180
Cap Rate 7%
$179,414
Cap Rate 9%
$139,544
Alternative Uses
Best Use
Apartment 5plus
$179.4K
$157.0K – $209.3K
NOI $12,559 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.9K
$202.1K – $269.4K
NOI $16,166 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Explore this area
Business Placement
Demographics for 21209, MD
28,659
Population
12,086
Households
2.4
Avg Household Size
37
Median Age
60%
College-Educated
96%
High-School Grad
6.5 sq mi
ZIP Area
4,409
Density / Sq Mi
$87,669
Median Household Income
$57,694
Median Earnings
$1,640
Median Rent
$418,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath condominium with one-level living and newly installed kitchen and bathroom cabinetry.
Where is this residential income property located?
The property is located at 2927 KATEWOOD COURT Unit 5 Baltimore, MD.
What is the asking price?
The asking price for this property is $204,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium with one‑level living; New kitchen and bathroom cabinetry; Primary suite includes a private full bath
