Building Details

Building Size 1,582 SF

Year Built 1960

Listing Agency: Green Summit Realty, LLC

Listed By: Raphael Mifsud · License #681335 Show Phone

Source: Thehulsmangroup

Added: Jul 26 Changed: Oct 6 Last Checked: Oct 11 at 10:16AM

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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 Green Summit Realty, LLC

Investment Insights

Based on property information with market context.

This residential income property is a condominium residence with three bedrooms and two full bathrooms. The interior includes a generous living room, a separate dining area, and large bedrooms. Kitchen improvements include updated finishes, stainless steel appliances, and substantial cabinetry. Both bathrooms have also been renovated, giving the unit a refreshed interior presentation.

Unit E1 is located at 6414 Park Heights Avenue in Baltimore, Maryland 21215. Built in 1960, the property combines an established building setting with recent interior updates and a practical residential layout.

Key Highlights

• Three‑bedroom, two‑full‑bathroom condominium residence
• Renovated kitchen with stainless steel appliances and ample cabinetry
• Both full bathrooms have been renovated

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,798

Cap Rate

7.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$375,960 $376.0K

Cap Rate 7%

$268,543 $268.5K

Cap Rate 9%

$208,867 $208.9K

Market Conditions

NOI Build-Up for 1,582 SF

Gross rent

$36.8K $23.28/SF

− Vacancy

−$2.7K −$1.68/SF

EGI

$34.2K $21.60/SF

− OpEx

−$15.4K −$9.72/SF

NOI

$18.8K $11.88/SF

Area

ZIP 21215

Vacancy

7.20%

Lease Rate

$23.28 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$375,960

Cap Rate 7%

$268,543

Cap Rate 9%

$208,867

Alternative Uses

Best Use

Apartment 5plus

$268.5K

$235.0K – $313.3K (±1% cap)

NOI $18,798 @ 7.0% cap · market cap 7.52%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$377.2K

$330.0K – $440.0K (±1% cap)

NOI $26,401 @ 7.0% cap · market cap 10.56%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Robyn Bander Physician Fidel Integrated Medical ... Physician Brittany Ruth Physician Beleck Remodeling Building Supply Rachel Buechler Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Gym & Fitness Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

1,204

Businesses Nearby

Explore this area Business Placement

Demographics for 21215, MD

54,198

Population

24,876

Households

2.2

Avg Household Size

42

Median Age

25%

College-Educated

84%

High-School Grad

6.8 sq mi

ZIP Area

7,970

Density / Sq Mi

$47,606

Median Household Income

$37,670

Median Earnings

$1,177

Median Rent

$189,900

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential income property - Condominium residence with a renovated kitchen, refreshed bathrooms, and a spacious interior layout.

Where is this residential income property located?

The property is located at 6414 PARK HEIGHTS AVENUE Unit E1 Baltimore, MD.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Three‑bedroom, two‑full‑bathroom condominium residence; Renovated kitchen with stainless steel appliances and ample cabinetry; Both full bathrooms have been renovated