Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    414 WATER ST #2301 Baltimore, MD 21202

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $229,900

    Spacious condo with harbor views, modern kitchen, and great amenities.

    Type:Condominium
    Property size:
    1,067 SF
    Added:
    Sep 10, 2025
    Days on Market:
    204
    Last Refresh:
    Sep 18 at 1:22 am

    Property Features for 414 WATER ST #2301

    General Information

    Standard status
    Active
    Size
    1,067 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    2008

    We can help!

    Listing Contact
    Errin Smith
    Errin Smith

    Listing agent Errin Smith License #SP600687

    Listing office Keller Williams Legacy

    Listing date Sep 10, 2025

    Source Kw

    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 Keller Williams Legacy

    Overview

    Harbor View Condo with Amenities

    This bright and spacious condo at 414 Water Street features two bedrooms and two bathrooms. Natural light fills the unit through large windows, and a private balcony overlooks the Inner Harbor. The open floor plan offers functionality and an inviting atmosphere, with bedrooms and baths situated on opposite sides for enhanced privacy. The living room boasts hardwood floors laid on a diagonal, a gas fireplace, and a dining nook. The upgraded kitchen includes granite countertops, an extended bar for casual dining, and stainless steel appliances. Both bedrooms are generously sized, providing ample space for large furniture and featuring walk-in closets for storage. Residents of 414 Water Street Condominiums enjoy amenities such as an outdoor swimming pool, fitness center, community room, business center, and 24-hour front desk with secure entry. The property is located steps from the Inner Harbor and within walking distance of downtown attractions, restaurants, and the business district. The unit size is 1067 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SP+ Parking Parking Lot & Garage The Authentic Voice Collaborative Tutoring Service Collins & Associates Law ... Law Firm Chase Apartments at Water ... Apartment Building 414 Water St ... Parking Lot & Garage

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6092
    Latitude
    39.2888

    Nearby Similar for Sale

    • $500,000

      Iconic Inn with Liquor License

      Rare opportunity: well-known landmark with immediate income potential.
      2816 OLD NORTH POINT Road, BALTIMORE, MD 21222
      View Details
    • $450,000

      Retail Building on Belair Road

      Highly visible retail building with frontage and signage potential.
      8836 BELAIR, BALTIMORE, MD 21236
      View Details
    • $699,000
      6,220 SF

      Highlandtown Mixed-Use Property For Sale

      Versatile property in Baltimore's Highlandtown Arts District.
      244 S HIGHLAND Avenue, BALTIMORE, MD 21224
      View Details
    • $500,000

      Two-Unit Retail Investment Property

      Fully leased retail property with recent upgrades, generating immediate income.
      3019-3021 GREENMOUNT Avenue, BALTIMORE, MD 21218
      View Details
    • $839,999

      Three-Story Commercial Property For Sale

      Three-story commercial property with steady income and growth potential.
      7544 HOLABIRD Avenue, BALTIMORE, MD 21222
      View Details
    • $310,000

      Baltimore Restaurant Property For Sale

      Carry-out restaurant property on high-traffic Reisterstown Road.
      5625 REISTERSTOWN Road, BALTIMORE, MD 21215
      View Details
    • $400,000
      7,420 SF

      Baltimore Church/Multifamily Redevelopment Opportunity

      Three adjacent properties with commercial space, ideal for redevelopment.
      1118 N GILMOR Street, BALTIMORE, MD 21217
      View Details
    • $560,000
      3,540 SF

      Highlandtown Multi-Unit Building with Parking

      Four units, parking, desirable location near Canton waterfront.
      215 S EATON Street, BALTIMORE, MD 21224
      View Details
    • $500,000
      2,890 SF

      Renovated Duplex in Butchers Hill

      Turnkey multifamily property in a vibrant Baltimore neighborhood.
      2024 E BALTIMORE Street E, BALTIMORE, MD 21231
      View Details
    • $355,000
      3,621 SF

      Well-Maintained Multi-Unit Income Property

      Multi-unit property with income potential and flexibility for investors.
      2914 BAYONNE Avenue, BALTIMORE, MD 21214
      View Details
    • $1,200,000
      5,250 SF

      Baltimore Bed & Breakfast Opportunity

      Licensed bed & breakfast in Little Italy with investment potential.
      210 S HIGH Street, BALTIMORE, MD 21202
      View Details
    • $315,000
      2,915 SF

      West Arlington Multi-Family Investment

      Four-unit property with value-add potential in West Arlington.
      4014 PENHURST Avenue, BALTIMORE, MD 21215
      View Details

    FAQs

    What type of property is this?
    Apartment building - Spacious condo with harbor views, modern kitchen, and great amenities.
    Where is this apartment building located?
    The property is located at 414 WATER ST #2301 Baltimore, MD.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: Unbeatable Inner Harbor location, steps from attractions, restaurants, and the business district.; Two bedrooms and two bathrooms positioned on opposite sides of the unit for maximum privacy.; **Upgraded kitchen with granite countertops, extended bar, and stainless steel appliances.**
    (301) 843-5100
    We can help!
    Listing Contact
    Errin Smith
    Errin Smith
    Real Estate License ID: SP600687
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!