Furnished Residential
For Sale
$199,000
414 WATER ST #2312, Baltimore, MD 21202
BALTIMORE, MD
Property Size1,089 SF
Price / SF$182.74
Days on Market8
Property Features for 414 WATER ST #2312
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1
Subdivision
WATER STREET CONDOMINIUMS
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Amenities
24-hour concierge
secure entry
fitness center
outdoor pool
business center
community room
on-site management
fireplace
granite kitchen
in-unit washer/dryer
private storage
Building Details
Year built
2008
Listing Agency:
One Bethesda
(240) 497-1700
Listed By:
Joe Barnes
Added: Oct 12
Changed: Oct 19
Last Checked: Oct 19 at 4:06PM
MLS# MDBA2233490
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on the 23rd floor, this furnished two-bedroom, two-bathroom condo spans 1,089 square feet. The open living and dining area includes a fireplace, while the granite kitchen and in-unit washer and dryer add practical features. A primary suite offers a walk-in closet, soaking tub, and separate shower. Southern exposure frames an Inner Harbor view, with additional city and water views. The home also includes assigned covered garage parking and private storage.
Building facilities include a 24-hour concierge, secure entry, fitness center, outdoor pool, business center, community room, and on-site management. The property has access to waterfront destinations, dining, entertainment, medical centers, public transportation, and major commuter routes. Built in 2008, the condo has a premium HVAC system installed in Summer 2026.
Building facilities include a 24-hour concierge, secure entry, fitness center, outdoor pool, business center, community room, and on-site management. The property has access to waterfront destinations, dining, entertainment, medical centers, public transportation, and major commuter routes. Built in 2008, the condo has a premium HVAC system installed in Summer 2026.
Key Highlights
- Furnished 2‑bedroom, 2‑bathroom condo with 1,089 square feet
- 23rd‑floor position with southern Inner Harbor views and additional city and water views
- Open living and dining area, fireplace, granite kitchen, and in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,188
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,760
$283.8K
Cap Rate 7%
$202,686
$202.7K
Cap Rate 9%
$157,644
$157.6K
Market Conditions
NOI Build-Up for 1,089 SF
Gross rent
$27.4K $25.20/SF
− Vacancy
−$1.6K −$1.51/SF
EGI
$25.8K $23.69/SF
− OpEx
−$11.6K −$10.66/SF
NOI
$14.2K $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%
$283,760
Cap Rate 7%
$202,686
Cap Rate 9%
$157,644
Alternative Uses
Best Use
Apartment 5plus
$202.7K
$177.4K – $236.5K
NOI $14,188 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.9K
$228.3K – $304.4K
NOI $18,263 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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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Frequently Asked Questions
What type of property is this?
Residential income property - A 23rd-floor home combines an open living area with expansive windows facing north, south, and east.
Where is this residential income property located?
The property is located at 414 WATER ST #2312 Baltimore, MD.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Furnished 2‑bedroom, 2‑bathroom condo with 1,089 square feet; 23rd‑floor position with southern Inner Harbor views and additional city and water views; Open living and dining area, fireplace, granite kitchen, and in‑unit washer and dryer
