High-Floor Residential Income
For Sale
$262,000
414 WATER STREET Unit 2202, Baltimore, MD 21202
Two-bedroom condo with split-bedroom layout, private balcony, granite kitchen, and access to building amenities.
Property Size1,022 SF
Days on Market126
Property Features for 414 WATER STREET Unit 2202
General Information
Standard status
Active
Size
1,022 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,065
Amenities
24-hour concierge
rooftop pool
fitness center
secure parking
private balcony
Building Details
Building Size
1,022 SF
Year Built
2008
Listing Agency:
Everything Real Estate, LLC
Listed By:
Ronald W Howard · License #524502
(443) 414-3338
Source:
Thehulsmangroup
Added: Jun 9
Changed: Oct 3
Last Checked: Oct 11 at 11:49AM
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 Everything Real Estate, LLC
Investment Insights
Based on property information with market context.
This 2-bedroom, 2-full-bath condominium occupies a high floor at 414 Water Street. Its interior includes an open living and dining arrangement, an island kitchen with granite countertops and gas cooking, hardwood floors, and upgraded finishes. Bedrooms are positioned apart for added privacy, while the primary suite includes a walk-in closet and en-suite bath. Expansive windows provide water and city views, complemented by a private balcony.
The 2008-built building offers 24-hour concierge service, a rooftop pool, fitness center, and secure parking. The residence is located in Baltimore’s 21202 area, near Harbor East, downtown dining, and the waterfront.
The 2008-built building offers 24-hour concierge service, a rooftop pool, fitness center, and secure parking. The residence is located in Baltimore’s 21202 area, near Harbor East, downtown dining, and the waterfront.
Key Highlights
- 2‑bedroom, 2‑full‑bath condominium at 414 Water Street Unit 2202
- High‑floor residence with water and city views
- Private balcony complements expansive window lines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,315
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,300
$266.3K
Cap Rate 7%
$190,214
$190.2K
Cap Rate 9%
$147,944
$147.9K
Market Conditions
NOI Build-Up for 1,022 SF
Gross rent
$25.8K $25.20/SF
− Vacancy
−$1.5K −$1.51/SF
EGI
$24.2K $23.69/SF
− OpEx
−$10.9K −$10.66/SF
NOI
$13.3K $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%
$266,300
Cap Rate 7%
$190,214
Cap Rate 9%
$147,944
Alternative Uses
Best Use
Apartment 5plus
$190.2K
$166.4K – $221.9K
NOI $13,315 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$244.8K
$214.2K – $285.7K
NOI $17,139 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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 - Two-bedroom condo with split-bedroom layout, private balcony, granite kitchen, and access to building amenities.
Where is this residential income property located?
The property is located at 414 WATER STREET Unit 2202 Baltimore, MD.
What is the asking price?
The asking price for this property is $262,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑full‑bath condominium at 414 Water Street Unit 2202; High‑floor residence with water and city views; Private balcony complements expansive window lines
