Two-Bedroom Condominium with Garage
4401 ROLAND AVENUE Unit 205, Baltimore, MD 21210
For Sale
New
$195,000
The building offers daytime concierge service, controlled entry, an elevator, and shared pool and patio amenities.
Property Size1,204 SF
Days on Market7
Property Features for 4401 ROLAND AVENUE Unit 205
General Information
Standard status
Size
Total Parking Spaces
Elevators
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
concierge
secure entry
pool
patio
Building Details
Building Size
Year Built
Listing Agency:
Cummings & Co. Realtors
Listed By:
Laura F Grier · License MD #649431
(484) 356-6332
Source:
Thehulsmangroup
Added: Nov 5
Changed: Nov 10
Last Checked: Nov 10 at 2:32PM
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 Cummings & Co. Realtors
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Investment Insights
Based on property information with market context.
Built in 1968, this condominium residence has two bedrooms, two full bathrooms, and a combined living and dining area. Carpet runs throughout the unit, and a deeded garage parking space is included. The professionally managed building has an elevator, daytime concierge service, and secure entry.
The condominium fee covers heat, water, and air conditioning. The property is on Roland Avenue in Baltimore, near Roland Park and within reach of Hampden, downtown, and Johns Hopkins.
The condominium fee covers heat, water, and air conditioning. The property is on Roland Avenue in Baltimore, near Roland Park and within reach of Hampden, downtown, and Johns Hopkins.
Key Highlights
- Two bedrooms and two full bathrooms
- Deeded parking space in the garage
- Building includes an elevator, daytime concierge, and secure entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,686
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,720
$313.7K
Cap Rate 7%
$224,086
$224.1K
Cap Rate 9%
$174,289
$174.3K
Market Conditions
NOI Build-Up for 1,204 SF
Gross rent
$30.3K $25.20/SF
− Vacancy
−$1.8K −$1.51/SF
EGI
$28.5K $23.69/SF
− OpEx
−$12.8K −$10.66/SF
NOI
$15.7K $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%
$313,720
Cap Rate 7%
$224,086
Cap Rate 9%
$174,289
Alternative Uses
Best Use
Apartment 5plus
$224.1K
$196.1K – $261.4K
NOI $15,686 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.4K
$252.4K – $336.5K
NOI $20,191 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,096
Businesses Nearby
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Business Placement
Demographics for 21210, MD
14,441
Population
5,416
Households
2.7
Avg Household Size
32
Median Age
83%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
4,247
Density / Sq Mi
$108,929
Median Household Income
$43,474
Median Earnings
$1,498
Median Rent
$521,700
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Baltimore, MD
Properties on Market for Residential income properties in Baltimore
Frequently Asked Questions
What type of property is this?
Residential income property - The building offers daytime concierge service, controlled entry, an elevator, and shared pool and patio amenities.
Where is this residential income property located?
The property is located at 4401 ROLAND AVENUE Unit 205 Baltimore, MD.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Deeded parking space in the garage; Building includes an elevator, daytime concierge, and secure entry
