Two-Bedroom Residential
For Sale
$140,000
414 WATER STREET Unit 2805, Baltimore, MD 21202
Renovated condominium with secure parking, storage, and shared recreational amenities in Baltimore’s Inner Harbor area.
Property Size789 SF
Price / SF$177.44
Days on Market301
Property Features for 414 WATER STREET Unit 2805
General Information
Standard status
Active
Size
789 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Downtown
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,182
Amenities
pool
gym
common community recreational space
parking
storage
Building Details
Building Size
789 SF
Year Built
2008
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
Listed By:
Sandy Savani · License #33492
(410) 271-2318
Source:
Ghimirehomes
Added: Jan 1
Changed: Oct 28
Last Checked: Oct 27 at 4:23AM
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 Berkshire Hathaway HomeServices Homesale Realty
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Investment Insights
Based on property information with market context.
This 789-square-foot, two-bedroom condominium in a 2008 high-rise has been renovated with driftwood-style flooring, neutral paint, cabinetry, granite counters, and stainless steel appliances. The unit includes parking and additional storage, and the building offers a pool, gym, and shared community recreation space. Views are also noted as a feature of the living space.
Located in Baltimore’s Inner Harbor area, the property is within walking distance of food, shopping, and museums, with access to public transportation.
Located in Baltimore’s Inner Harbor area, the property is within walking distance of food, shopping, and museums, with access to public transportation.
Key Highlights
- 789‑square‑foot, two‑bedroom condominium
- Renovated interior with granite counters and stainless steel appliances
- Secure parking and additional storage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,279
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,580
$205.6K
Cap Rate 7%
$146,843
$146.8K
Cap Rate 9%
$114,211
$114.2K
Market Conditions
NOI Build-Up for 789 SF
Gross rent
$19.9K $25.20/SF
− Vacancy
−$1.2K −$1.51/SF
EGI
$18.7K $23.69/SF
− OpEx
−$8.4K −$10.66/SF
NOI
$10.3K $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%
$205,580
Cap Rate 7%
$146,843
Cap Rate 9%
$114,211
Alternative Uses
Best Use
Apartment 5plus
$146.8K
$128.5K – $171.3K
NOI $10,279 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$189.0K
$165.4K – $220.5K
NOI $13,232 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - Renovated condominium with secure parking, storage, and shared recreational amenities in Baltimore’s Inner Harbor area.
Where is this residential income property located?
The property is located at 414 WATER STREET Unit 2805 Baltimore, MD.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 789‑square‑foot, two‑bedroom condominium; Renovated interior with granite counters and stainless steel appliances; Secure parking and additional storage included
