Furnished Two-Bedroom Residential
New
For Sale
$199,000
414 WATER STREET Unit 2312, Baltimore, MD 21202
A furnished residence pairs flexible living space with building amenities and access to Inner Harbor attractions and subway service.
Property Size1,089 SF
Price / SF$182.74
Days on Market4
Property Features for 414 WATER STREET Unit 2312
General Information
Standard status
Active
Size
1,089 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,395
Amenities
24-hour concierge service
on-site management and maintenance staff
fitness center
outdoor pool
business center
community room
secure garage parking
Building Details
Building Size
1,089 SF
Year Built
2008
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Joseph S Barnes · License #580588
(443) 413-7319
Source:
Thehulsmangroup
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:54AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
Unit 2312 at 414 Water Street is a furnished two-bedroom, two-bath residence with 1,089 square feet. Its open living and dining areas connect to a kitchen with granite countertops, black appliances, and storage. The primary suite has a walk-in closet, soaking tub, and separate shower. The second bedroom and full bath provide additional space. Upgrades include cordless cellular shades, GreenGuard Gold/FloorScore-certified flooring, and HVAC installed in Summer 2026. The private balcony has restricted access during scheduled building repairs. The unit has never been rented, and a Baltimore City landlord license is in place.
Building amenities include a 24-hour concierge, on-site management and maintenance, fitness center, outdoor pool, business center, community room, and secure garage parking. Nearby destinations include Inner Harbor waterfront attractions, dining, entertainment, medical centers, and the Shot Tower/Market Place subway station. The building was constructed in 2008.
Building amenities include a 24-hour concierge, on-site management and maintenance, fitness center, outdoor pool, business center, community room, and secure garage parking. Nearby destinations include Inner Harbor waterfront attractions, dining, entertainment, medical centers, and the Shot Tower/Market Place subway station. The building was constructed in 2008.
Key Highlights
- Two‑bedroom, two‑bath residence with 1,089 square feet
- Furnished unit with open living and dining areas
- Kitchen includes granite countertops, black appliances, and storage
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.
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 - A furnished residence pairs flexible living space with building amenities and access to Inner Harbor attractions and subway service.
Where is this residential income property located?
The property is located at 414 WATER STREET Unit 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: Two‑bedroom, two‑bath residence with 1,089 square feet; Furnished unit with open living and dining areas; Kitchen includes granite countertops, black appliances, and storage
