Ground-Floor Residential
5374 GLENTHORNE COURT Unit 5374, Baltimore, MD 21237
For Sale
$219,900
The condominium includes a den or breakfast area and a covered patio with direct access.
Property Size1,337 SF
Price / SF$164.47
Days on Market117
Property Features for 5374 GLENTHORNE COURT Unit 5374
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Steen Properties
Listed By:
Richard W Milam · License MD #50436
(410) 241-7397
Source:
Ghimirehomes
Added: Jul 18
Changed: Nov 8
Last Checked: Nov 10 at 9:25PM
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 Steen Properties
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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 1,337-square-foot condominium is on the first floor and contains two bedrooms, two bathrooms, and a den or breakfast area. A covered patio at ground level provides an additional entrance, alongside the front entrance. The property was built in 2003.
Parking includes one assigned space, with street parking also available.
Parking includes one assigned space, with street parking also available.
Key Highlights
- 1,337‑square‑foot first‑floor condominium
- Two bedrooms, two bathrooms, and a den or breakfast area
- Ground‑level covered patio with its own access point
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,419
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,380
$348.4K
Cap Rate 7%
$248,843
$248.8K
Cap Rate 9%
$193,544
$193.5K
Market Conditions
NOI Build-Up for 1,337 SF
Gross rent
$33.7K $25.20/SF
− Vacancy
−$2.0K −$1.51/SF
EGI
$31.7K $23.69/SF
− OpEx
−$14.3K −$10.66/SF
NOI
$17.4K $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%
$348,380
Cap Rate 7%
$248,843
Cap Rate 9%
$193,544
Alternative Uses
Best Use
Apartment 5plus
$248.8K
$217.7K – $290.3K
NOI $17,419 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$320.3K
$280.3K – $373.7K
NOI $22,422 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Explore this area
Business Placement
Demographics for 21237, MD
31,477
Population
13,171
Households
2.4
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
2,786
Density / Sq Mi
$90,269
Median Household Income
$52,070
Median Earnings
$1,440
Median Rent
$280,400
Median Home Value
Market
Average Price Trend$/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 condominium includes a den or breakfast area and a covered patio with direct access.
Where is this residential income property located?
The property is located at 5374 GLENTHORNE COURT Unit 5374 Baltimore, MD.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: 1,337‑square‑foot first‑floor condominium; Two bedrooms, two bathrooms, and a den or breakfast area; Ground‑level covered patio with its own access point
