Two-Bedroom Condo with
For Sale
$205,000
414 WATER STREET Unit 1201, Baltimore, MD 21202
Residents have access to a fitness center, resident lounge, 24-hour concierge, and one assigned covered parking space.
Property Size1,100 SF
Days on Market12
Property Features for 414 WATER STREET Unit 1201
General Information
Standard status
Active
Size
1,100 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,414
Amenities
fitness center
resident lounge
24-hour concierge service
private balcony
Building Details
Building Size
1,100 SF
Year Built
2008
Listing Agency:
Century 21 Harris Hawkins & Co.
Listed By:
Chantre' Ferguson · License #663026
(443) 987-8087
Source:
Thehulsmangroup
Added: Sep 26
Changed: Oct 3
Last Checked: Oct 5 at 11:01PM
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 Harris Hawkins & Co.
Investment Insights
Based on property information with market context.
This 2008-built condominium at 414 Water Street has two bedrooms and two bathrooms, with a combined living and dining area. The kitchen features granite countertops and modern appliances. The primary bedroom includes an en-suite bath and walk-in closet, and the residence also has a private balcony. Its high-floor position offers views of Baltimore’s Inner Harbor.
The property is in Baltimore’s Inner Harbor area, near restaurants, shops, and attractions, with access to public transportation and major highways. Building amenities include a fitness center, resident lounge, and 24-hour concierge. One assigned, covered parking space is included. Condo fees cover parking, common-area and exterior maintenance, gas, water, trash and snow removal, and building amenities.
The property is in Baltimore’s Inner Harbor area, near restaurants, shops, and attractions, with access to public transportation and major highways. Building amenities include a fitness center, resident lounge, and 24-hour concierge. One assigned, covered parking space is included. Condo fees cover parking, common-area and exterior maintenance, gas, water, trash and snow removal, and building amenities.
Key Highlights
- Two‑bedroom, two‑bathroom condominium built in 2008
- Private balcony with views of Baltimore’s Inner Harbor
- Primary bedroom has an en‑suite bathroom and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,331
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,620
$286.6K
Cap Rate 7%
$204,729
$204.7K
Cap Rate 9%
$159,233
$159.2K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$27.7K $25.20/SF
− Vacancy
−$1.7K −$1.51/SF
EGI
$26.1K $23.69/SF
− OpEx
−$11.7K −$10.66/SF
NOI
$14.3K $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%
$286,620
Cap Rate 7%
$204,729
Cap Rate 9%
$159,233
Alternative Uses
Best Use
Apartment 5plus
$204.7K
$179.1K – $238.9K
NOI $14,331 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$263.5K
$230.6K – $307.5K
NOI $18,447 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
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 - Residents have access to a fitness center, resident lounge, 24-hour concierge, and one assigned covered parking space.
Where is this residential income property located?
The property is located at 414 WATER STREET Unit 1201 Baltimore, MD.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium built in 2008; Private balcony with views of Baltimore’s Inner Harbor; Primary bedroom has an en‑suite bathroom and walk‑in closet
