Residential Income Property with
New
For Sale
$624,900
3100 STONE CLIFF DRIVE Unit 301, Baltimore, MD 21209
This third-floor condominium is part of a gated community with a pool, fitness center, tennis courts, and walking paths.
Property Size1,836 SF
Days on Market4
Property Features for 3100 STONE CLIFF DRIVE Unit 301
General Information
Standard status
Active
Size
1,836 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,999
Amenities
private balcony
gated community
clubhouse
resident lounge
fitness center
tennis courts
scenic walking paths
outdoor pool
Building Details
Building Size
1,836 SF
Year Built
2013
Listing Agency:
Redfin Corp
Listed By:
Zachary M. Pencarski
(443) 602-2047
Source:
Thehulsmangroup
Added: Oct 2
Changed: Oct 5
Last Checked: Oct 4 at 5:19PM
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 Redfin Corp
Investment Insights
Based on property information with market context.
Built in 2013, this third-floor condominium has two bedrooms, two full bathrooms, and a half bath. The layout includes a living room, formal dining room, sunroom, and office or den, along with a private balcony. The kitchen features stainless steel appliances, a double wall oven, granite counters, tile backsplash, and ample cabinetry. A laundry room with a utility sink, one-car garage, and dedicated storage area are also included. The primary suite has a double vanity, soaking tub, and separate shower; the second suite has a single vanity and walk-in shower.
The residence is in The Bluffs at Quarry Lake, a gated community with a clubhouse, resident lounge, fitness center, tennis courts, walking paths, and an outdoor pool. Shopping, dining, I-83, I-695, and I-95 are nearby.
The residence is in The Bluffs at Quarry Lake, a gated community with a clubhouse, resident lounge, fitness center, tennis courts, walking paths, and an outdoor pool. Shopping, dining, I-83, I-695, and I-95 are nearby.
Key Highlights
- Two‑bedroom, two‑and‑a‑half‑bath condominium on the third floor
- Private balcony, one‑car garage, and dedicated storage area
- Kitchen with stainless steel appliances, double wall oven, and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,920
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,400
$478.4K
Cap Rate 7%
$341,714
$341.7K
Cap Rate 9%
$265,778
$265.8K
Market Conditions
NOI Build-Up for 1,836 SF
Gross rent
$46.3K $25.20/SF
− Vacancy
−$2.8K −$1.51/SF
EGI
$43.5K $23.69/SF
− OpEx
−$19.6K −$10.66/SF
NOI
$23.9K $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%
$478,400
Cap Rate 7%
$341,714
Cap Rate 9%
$265,778
Alternative Uses
Best Use
Apartment 5plus
$341.7K
$299.0K – $398.7K
NOI $23,920 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$439.9K
$384.9K – $513.2K
NOI $30,790 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
680
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 - This third-floor condominium is part of a gated community with a pool, fitness center, tennis courts, and walking paths.
Where is this residential income property located?
The property is located at 3100 STONE CLIFF DRIVE Unit 301 Baltimore, MD.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Two‑bedroom, two‑and‑a‑half‑bath condominium on the third floor; Private balcony, one‑car garage, and dedicated storage area; Kitchen with stainless steel appliances, double wall oven, and granite countertops
