Residential Income Condo with Updated
For Sale
$230,000
47 LAUREL PATH COURT Unit 47, Baltimore, MD 21236
The unit includes two bedrooms, two bathrooms, and in-unit washer and dryer hookups.
Property Size962 SF
Price / SF$239.09
Days on Market44
Property Features for 47 LAUREL PATH COURT Unit 47
General Information
Standard status
Active
Size
962 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,060
Amenities
in-unit laundry
assigned parking
common grounds
Building Details
Building Size
962 SF
Year Built
1993
Construction
brick and vinyl siding
Listing Agency:
Compass
Listed By:
Robert L Hargrave · License #35581
(410) 852-7939
Source:
Genedru
Added: Sep 16
Changed: Oct 27
Last Checked: Oct 26 at 2:26PM
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 Compass
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income condo in Baltimore has two bedrooms and two bathrooms in a traditional layout. The kitchen has been updated and includes a dishwasher, microwave, and electric oven/range. Washer and dryer hookups are provided inside the unit, and double-pane windows bring natural light into the living space. The primary bathroom has also received updates. The brick-and-vinyl-siding building was constructed in 1993.
The unit comes with assigned parking. Common grounds are available to residents, and the association fee includes water and trash service.
The unit comes with assigned parking. Common grounds are available to residents, and the association fee includes water and trash service.
Key Highlights
- Two bedrooms and two bathrooms
- Updated kitchen with dishwasher, microwave, and electric oven/range
- In‑unit hookups for a washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,533
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,660
$250.7K
Cap Rate 7%
$179,043
$179.0K
Cap Rate 9%
$139,256
$139.3K
Market Conditions
NOI Build-Up for 962 SF
Gross rent
$24.2K $25.20/SF
− Vacancy
−$1.5K −$1.51/SF
EGI
$22.8K $23.69/SF
− OpEx
−$10.3K −$10.66/SF
NOI
$12.5K $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%
$250,660
Cap Rate 7%
$179,043
Cap Rate 9%
$139,256
Alternative Uses
Best Use
Apartment 5plus
$179.0K
$156.7K – $208.9K
NOI $12,533 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.5K
$201.7K – $268.9K
NOI $16,133 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 21236, MD
40,555
Population
16,267
Households
2.5
Avg Household Size
39
Median Age
40%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
4,557
Density / Sq Mi
$92,130
Median Household Income
$56,457
Median Earnings
$1,591
Median Rent
$306,800
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes two bedrooms, two bathrooms, and in-unit washer and dryer hookups.
Where is this residential income property located?
The property is located at 47 LAUREL PATH COURT Unit 47 Baltimore, MD.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; Updated kitchen with dishwasher, microwave, and electric oven/range; In‑unit hookups for a washer and dryer
