Corner Condominium with Private
414 WATER STREET Unit 2113, Baltimore, MD 21202
For Sale
$225,900
A three-bedroom residence combines garage parking, same-floor storage, and access to a broad range of building amenities.
Property Size1,403 SF
Days on Market15
Property Features for 414 WATER STREET Unit 2113
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
EXP Realty, LLC
Listed By:
Teal Clise · License MD #646248
(443) 570-3931
Source:
Thehulsmangroup
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 10 at 3:49PM
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.
Built in 2008, this corner condominium offers 3 bedrooms and 2.5 baths, with large windows, a private balcony, and views toward the Maryland Science Center and Inner Harbor. The layout includes a modern kitchen with granite countertops, a fireplace, and private storage on the residence’s floor. Two garage parking spaces are included.
Building amenities include an on-site concierge, fitness center, swimming pool, community room, and business center. The condominium fee covers garage parking, water, trash removal, snow removal, common-area and exterior building maintenance, and access to the amenities. The property is in downtown Baltimore, near the Inner Harbor waterfront, restaurants, shopping, cultural attractions, entertainment, and major transportation routes.
Building amenities include an on-site concierge, fitness center, swimming pool, community room, and business center. The condominium fee covers garage parking, water, trash removal, snow removal, common-area and exterior building maintenance, and access to the amenities. The property is in downtown Baltimore, near the Inner Harbor waterfront, restaurants, shopping, cultural attractions, entertainment, and major transportation routes.
Key Highlights
- 3‑bedroom, 2.5‑bath corner condominium built in 2008
- Private balcony and views toward the Maryland Science Center and Inner Harbor
- Two garage parking spaces and private storage on the residence’s floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,279
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,580
$365.6K
Cap Rate 7%
$261,129
$261.1K
Cap Rate 9%
$203,100
$203.1K
Market Conditions
NOI Build-Up for 1,403 SF
Gross rent
$35.4K $25.20/SF
− Vacancy
−$2.1K −$1.51/SF
EGI
$33.2K $23.69/SF
− OpEx
−$15.0K −$10.66/SF
NOI
$18.3K $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%
$365,580
Cap Rate 7%
$261,129
Cap Rate 9%
$203,100
Alternative Uses
Best Use
Apartment 5plus
$261.1K
$228.5K – $304.7K
NOI $18,279 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.1K
$294.1K – $392.1K
NOI $23,528 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom residence combines garage parking, same-floor storage, and access to a broad range of building amenities.
Where is this residential income property located?
The property is located at 414 WATER STREET Unit 2113 Baltimore, MD.
What is the asking price?
The asking price for this property is $225,900.
What are key features of this property?
This property features: 3‑bedroom, 2.5‑bath corner condominium built in 2008; Private balcony and views toward the Maryland Science Center and Inner Harbor; Two garage parking spaces and private storage on the residence’s floor
