Two-Bedroom Residential Income
For Sale
$209,000
5203 FALLS ROAD Unit 11, Baltimore, MD 21210
Updated kitchen, reserved parking, and a tree-lined yard complement this two-level residence.
Property Size1,115 SF
Days on Market49
Property Features for 5203 FALLS ROAD Unit 11
General Information
Standard status
Active
Size
1,115 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,674
Building Details
Building Size
1,115 SF
Year Built
1900
Listing Agency:
Core Maryland Real Estate LLC
Listed By:
Louis Chirgott · License #622715
(410) 913-6636
Source:
Thehulsmangroup
Added: Aug 20
Changed: Oct 6
Last Checked: Oct 5 at 11:21PM
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 Core Maryland Real Estate LLC
Investment Insights
Based on property information with market context.
This two-level residential income property includes two bedrooms, a living room, dining room, full bathroom, and an updated kitchen. Kitchen improvements include new cabinetry with glass-front doors, stainless steel appliances, granite countertops, and fold-out work surfaces. Original hardwood flooring, crown molding, and hexagon bathroom tile retain the building’s historic character. Central air conditioning and a washer/dryer combination add everyday convenience.
The residence also offers a yard framed by mature trees, reserved parking, and access to a courtyard. The condo fee covers exterior building maintenance, roof care, lawn care, water, heat, and reserved parking. The property was built in 1900, with a new roof and boiler. Nearby destinations include Loyola University, Towson University, Sinai Hospital, Cross Keys, restaurants, shops, and Downtown Baltimore.
The residence also offers a yard framed by mature trees, reserved parking, and access to a courtyard. The condo fee covers exterior building maintenance, roof care, lawn care, water, heat, and reserved parking. The property was built in 1900, with a new roof and boiler. Nearby destinations include Loyola University, Towson University, Sinai Hospital, Cross Keys, restaurants, shops, and Downtown Baltimore.
Key Highlights
- Two‑level layout with 2 bedrooms and 1 full bathroom
- Updated kitchen with granite countertops, stainless steel appliances, and new cabinetry
- Original hardwood floors, crown molding, and hexagon bathroom tile
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,527
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,540
$290.5K
Cap Rate 7%
$207,529
$207.5K
Cap Rate 9%
$161,411
$161.4K
Market Conditions
NOI Build-Up for 1,115 SF
Gross rent
$28.1K $25.20/SF
− Vacancy
−$1.7K −$1.51/SF
EGI
$26.4K $23.69/SF
− OpEx
−$11.9K −$10.66/SF
NOI
$14.5K $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%
$290,540
Cap Rate 7%
$207,529
Cap Rate 9%
$161,411
Alternative Uses
Best Use
Apartment 5plus
$207.5K
$181.6K – $242.1K
NOI $14,527 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.1K
$233.7K – $311.7K
NOI $18,699 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen, reserved parking, and a tree-lined yard complement this two-level residence.
Where is this residential income property located?
The property is located at 5203 FALLS ROAD Unit 11 Baltimore, MD.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Two‑level layout with 2 bedrooms and 1 full bathroom; Updated kitchen with granite countertops, stainless steel appliances, and new cabinetry; Original hardwood floors, crown molding, and hexagon bathroom tile
