Residential Income Condo with
For Sale
$214,900
Pending
4 CANDLEMAKER COURT Unit 201, Baltimore, MD 21208
Two-bedroom, two-bath condominium with in-unit laundry and access to shared recreational facilities.
Property Size1,300 SF
Days on Market49
Property Features for 4 CANDLEMAKER COURT Unit 201
General Information
Standard status
Pending
Size
1,300 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,000
Amenities
in-unit washer and dryer
gated entrance
outdoor pool
tennis courts
clubhouse
Building Details
Building Size
1,300 SF
Year Built
1979
Listing Agency:
Cummings & Co. Realtors
Listed By:
Megan K Richardson · License #600312
(443) 955-0540
Source:
Thehulsmangroup
Added: Sep 2
Changed: Oct 14
Last Checked: Oct 19 at 1:00PM
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
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Investment Insights
Based on property information with market context.
This condominium in Annen Woods offers two bedrooms, two bathrooms, and approximately 1,300 square feet arranged in a traditional floor plan. The residence includes a spacious kitchen and an in-unit washer and dryer. Built in 1979, the property is being offered through an estate sale and will be conveyed as-is.
Community features include controlled entry, an outdoor swimming pool, tennis courts, and a clubhouse. Residents also have access to maintained shared grounds. The property is located at 4 Candlemaker Court, Unit 201, Baltimore, Maryland 21208, with shops, restaurants, and recreational destinations described as accessible from the community.
Community features include controlled entry, an outdoor swimming pool, tennis courts, and a clubhouse. Residents also have access to maintained shared grounds. The property is located at 4 Candlemaker Court, Unit 201, Baltimore, Maryland 21208, with shops, restaurants, and recreational destinations described as accessible from the community.
Key Highlights
- Two‑bedroom, two‑bath condominium in Annen Woods
- Approximately 1,300 sq. ft. with a traditional floor plan
- Spacious kitchen and in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,937
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,740
$338.7K
Cap Rate 7%
$241,957
$242.0K
Cap Rate 9%
$188,189
$188.2K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$32.8K $25.20/SF
− Vacancy
−$2.0K −$1.51/SF
EGI
$30.8K $23.69/SF
− OpEx
−$13.9K −$10.66/SF
NOI
$16.9K $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%
$338,740
Cap Rate 7%
$241,957
Cap Rate 9%
$188,189
Alternative Uses
Best Use
Apartment 5plus
$242.0K
$211.7K – $282.3K
NOI $16,937 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$311.4K
$272.5K – $363.4K
NOI $21,801 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
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Business Placement
Demographics for 21208, MD
35,007
Population
16,397
Households
2.1
Avg Household Size
46
Median Age
49%
College-Educated
94%
High-School Grad
12.6 sq mi
ZIP Area
2,778
Density / Sq Mi
$90,822
Median Household Income
$55,620
Median Earnings
$1,672
Median Rent
$313,400
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 in-unit laundry and access to shared recreational facilities.
Where is this residential income property located?
The property is located at 4 CANDLEMAKER COURT Unit 201 Baltimore, MD.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium in Annen Woods; Approximately 1,300 sq. ft. with a traditional floor plan; Spacious kitchen and in‑unit washer and dryer
