Residential Condominium with
414 WATER STREET Unit 1306, Baltimore, MD 21202
For Sale
$134,000
A 13th-floor residence pairs an open layout with a private balcony and in-unit laundry.
Property Size630 SF
Price / SF$212.70
Days on Market129
Property Features for 414 WATER STREET Unit 1306
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour concierge service
fitness center
outdoor pool
business center
club room
meeting spaces
Building Details
Building Size
Year Built
Listing Agency:
EXP Realty, LLC
Listed By:
Alexis A. Fleming · License MD #674000
(443) 939-9266
Source:
Ghimirehomes
Added: Jul 6
Changed: Nov 5
Last Checked: Nov 10 at 8:34AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 630-square-foot condominium occupies the 13th floor of a building completed in 2008. The one-bedroom, one-bath layout includes hardwood floors, a gas fireplace, and a balcony with city views. The kitchen has granite counters, stainless steel appliances, and a breakfast bar; the bedroom connects directly to the full bath. A washer and dryer are located in the unit. The property also includes deeded garage parking and a private storage unit across the hall.
Building amenities include 24-hour concierge service, controlled entry, a fitness center, an outdoor pool, a business center, a club room, and meeting areas. The address is described as steps from the Inner Harbor and Harbor East, with restaurants, shops, entertainment, and major commuter routes nearby.
Building amenities include 24-hour concierge service, controlled entry, a fitness center, an outdoor pool, a business center, a club room, and meeting areas. The address is described as steps from the Inner Harbor and Harbor East, with restaurants, shops, entertainment, and major commuter routes nearby.
Key Highlights
- 630‑square‑foot, one‑bedroom, one‑bath condominium on the 13th floor
- Private balcony with city views
- Hardwood floors and gas fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,208
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,160
$164.2K
Cap Rate 7%
$117,257
$117.3K
Cap Rate 9%
$91,200
$91.2K
Market Conditions
NOI Build-Up for 630 SF
Gross rent
$15.9K $25.20/SF
− Vacancy
−$953 −$1.51/SF
EGI
$14.9K $23.69/SF
− OpEx
−$6.7K −$10.66/SF
NOI
$8.2K $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%
$164,160
Cap Rate 7%
$117,257
Cap Rate 9%
$91,200
Alternative Uses
Best Use
Apartment 5plus
$117.3K
$102.6K – $136.8K
NOI $8,208 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$150.9K
$132.1K – $176.1K
NOI $10,565 @ 7.0% cap · market cap 7.88%
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
8,766
Businesses Nearby
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Business Placement
Demographics for 21202, MD
22,247
Population
12,731
Households
1.7
Avg Household Size
33
Median Age
48%
College-Educated
86%
High-School Grad
1.6 sq mi
ZIP Area
13,904
Density / Sq Mi
$61,578
Median Household Income
$53,609
Median Earnings
$1,497
Median Rent
$307,700
Median Home Value
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Market
Average Price Trend$/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 - A 13th-floor residence pairs an open layout with a private balcony and in-unit laundry.
Where is this residential income property located?
The property is located at 414 WATER STREET Unit 1306 Baltimore, MD.
What is the asking price?
The asking price for this property is $134,000.
What are key features of this property?
This property features: 630‑square‑foot, one‑bedroom, one‑bath condominium on the 13th floor; Private balcony with city views; Hardwood floors and gas fireplace
