2-Bedroom Residential Income
For Sale
$105,000
4414 FALLS BRIDGE DRIVE Unit D, Baltimore, MD 21211
Condominium residence with hardwood flooring and an in-unit laundry setup in a low-maintenance community.
Property Size687 SF
Days on Market26
Property Features for 4414 FALLS BRIDGE DRIVE Unit D
General Information
Standard status
Active
Size
687 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,978
Amenities
in-unit washer and dryer
Building Details
Building Size
687 SF
Year Built
1990
Listing Agency:
Realty ONE Group Excellence
(443) 908-3982
Listed By:
Kedrick King · License #664850
(443) 908-3982
Source:
Thehulsmangroup
Added: Jul 28
Changed: Aug 21
Last Checked: Aug 22 at 11:21AM
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 Realty ONE Group Excellence
Investment Insights
Based on property information with market context.
This residential income property is a condominium residence with two bedrooms and one bathroom. Built in 1990, the unit features well-maintained hardwood flooring, abundant natural light, and an in-unit washer and dryer. The layout is described as move-in ready and offers low-maintenance condominium living.
The property is located at 4414 Falls Bridge Drive, Unit D, in Baltimore, Maryland. It is minutes from the restaurants, shopping, and entertainment of Hampden, with access to I-83 for regional commuting and travel within Baltimore.
The property is located at 4414 Falls Bridge Drive, Unit D, in Baltimore, Maryland. It is minutes from the restaurants, shopping, and entertainment of Hampden, with access to I-83 for regional commuting and travel within Baltimore.
Key Highlights
- Two‑bedroom, one‑bath condominium residence
- In‑unit washer and dryer
- Well‑maintained hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,951
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$179,020
$179.0K
Cap Rate 7%
$127,871
$127.9K
Cap Rate 9%
$99,456
$99.5K
Market Conditions
NOI Build-Up for 687 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$17.3K $25.20/SF
− Vacancy
−$1.0K −$1.51/SF
EGI
$16.3K $23.69/SF
− OpEx
−$7.3K −$10.66/SF
NOI
$9.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$179,020
Cap Rate 7%
$127,871
Cap Rate 9%
$99,456
Alternative Uses
Best Use
Apartment 5plus
$127.9K
$111.9K – $149.2K
NOI $8,951 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$164.6K
$144.0K – $192.0K
NOI $11,521 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Explore this area
Business Placement
Demographics for 21211, MD
17,721
Population
9,056
Households
2
Avg Household Size
37
Median Age
61%
College-Educated
93%
High-School Grad
2.9 sq mi
ZIP Area
6,111
Density / Sq Mi
$81,467
Median Household Income
$64,019
Median Earnings
$1,577
Median Rent
$274,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with hardwood flooring and an in-unit laundry setup in a low-maintenance community.
Where is this residential income property located?
The property is located at 4414 FALLS BRIDGE DRIVE Unit D Baltimore, MD.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condominium residence; In‑unit washer and dryer; Well‑maintained hardwood flooring
