Harbor-View Residential Income
For Sale
$124,900
414 WATER STREET Unit 1404, Baltimore, MD 21202
Granite kitchen, updated appliances, balcony, and a light-filled living room distinguish this downtown unit.
Property Size660 SF
Days on Market81
Property Features for 414 WATER STREET Unit 1404
General Information
Standard status
Active
Size
660 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,608
Amenities
balcony
granite kitchen
updated appliances
Building Details
Building Size
660 SF
Year Built
2007
Listing Agency:
Century 21 Downtown
Listed By:
Gina M Gargeu · License #510631
(410) 547-1116
Source:
Thehulsmangroup
Added: Jul 24
Changed: Oct 7
Last Checked: Oct 11 at 12:46PM
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 Century 21 Downtown
Investment Insights
Based on property information with market context.
This residential income property occupies the 14th floor at 414 Water Street, Unit 1404. The unit includes a balcony with a harbor view, a granite kitchen with updated appliances, a light-filled living room, and a master bedroom. Built in 2007, the property offers a defined residential layout within a downtown setting.
The property is located one block from the Inner Harbor, with access to restaurants and shopping. Little Italy, Fells Point, and Federal Hill are also identified as walkable destinations, along with additional downtown attractions.
The property is located one block from the Inner Harbor, with access to restaurants and shopping. Little Italy, Fells Point, and Federal Hill are also identified as walkable destinations, along with additional downtown attractions.
Key Highlights
- 14th‑floor unit at 414 Water Street, Unit 1404
- Balcony with harbor view
- Granite kitchen with updated appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,599
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,980
$172.0K
Cap Rate 7%
$122,843
$122.8K
Cap Rate 9%
$95,544
$95.5K
Market Conditions
NOI Build-Up for 660 SF
Gross rent
$16.6K $25.20/SF
− Vacancy
−$998 −$1.51/SF
EGI
$15.6K $23.69/SF
− OpEx
−$7.0K −$10.66/SF
NOI
$8.6K $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%
$171,980
Cap Rate 7%
$122,843
Cap Rate 9%
$95,544
Alternative Uses
Best Use
Apartment 5plus
$122.8K
$107.5K – $143.3K
NOI $8,599 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$158.1K
$138.4K – $184.5K
NOI $11,068 @ 7.0% cap · market cap 8.86%
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
8,766
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Residential income property - Granite kitchen, updated appliances, balcony, and a light-filled living room distinguish this downtown unit.
Where is this residential income property located?
The property is located at 414 WATER STREET Unit 1404 Baltimore, MD.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 14th‑floor unit at 414 Water Street, Unit 1404; Balcony with harbor view; Granite kitchen with updated appliances
