Waterfront
For Sale
$305,000
532 RIVIERA DRIVE Unit 532-B, Joppa, MD 21085
Three bedrooms, two bathrooms, and a dedicated boat slip support residential use with direct boating access.
Property Size1,438 SF
Price / SF$212.10
Days on Market235
Property Features for 532 RIVIERA DRIVE Unit 532-B
General Information
Standard status
Active
Size
1,438 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,525
Amenities
boat slip
Building Details
Building Size
1,438 SF
Year Built
1979
Listing Agency:
Mulan Realty, Corp
Listed By:
HANG YANG · License #659918
(443) 839-8479
Source:
Ghimirehomes
Added: Mar 11
Changed: Oct 27
Last Checked: Oct 26 at 3:56PM
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 Mulan Realty, Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This waterfront condominium contains three bedrooms and two bathrooms across 1,438 square feet. Water views and a dedicated boat slip, numbered 28, are part of the offering. The building dates to 1979.
Dining and shopping are available nearby, with major routes also described as convenient to the property.
Dining and shopping are available nearby, with major routes also described as convenient to the property.
Key Highlights
- Three bedrooms and two bathrooms
- 1,438 square feet
- Dedicated boat slip #28
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,256
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,120
$385.1K
Cap Rate 7%
$275,086
$275.1K
Cap Rate 9%
$213,956
$214.0K
Market Conditions
NOI Build-Up for 1,438 SF
Gross rent
$37.4K $26.04/SF
− Vacancy
−$2.4K −$1.69/SF
EGI
$35.0K $24.35/SF
− OpEx
−$15.8K −$10.96/SF
NOI
$19.3K $13.39/SF
Area
Harford County, MD
Vacancy
6.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,120
Cap Rate 7%
$275,086
Cap Rate 9%
$213,956
Alternative Uses
Best Use
Apartment 5plus
$275.1K
$240.7K – $320.9K
NOI $19,256 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$506.0K
$442.7K – $590.3K
NOI $35,418 @ 7.0% cap · market cap 11.61%
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
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 21085, MD
17,142
Population
7,073
Households
2.4
Avg Household Size
43
Median Age
31%
College-Educated
93%
High-School Grad
19.0 sq mi
ZIP Area
902
Density / Sq Mi
$107,975
Median Household Income
$63,132
Median Earnings
$1,593
Median Rent
$327,300
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Three bedrooms, two bathrooms, and a dedicated boat slip support residential use with direct boating access.
Where is this residential income property located?
The property is located at 532 RIVIERA DRIVE Unit 532-B Joppa, MD.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Three bedrooms and two bathrooms; 1,438 square feet; Dedicated boat slip #28
