Renovated Residential Income
For Sale
$425,000
7201 TRAVERTINE DRIVE Unit 201, Baltimore, MD 21209
The unit combines two bedrooms, a den, two bathrooms and garage parking in a gated community.
Property Size1,487 SF
Days on Market8
Property Features for 7201 TRAVERTINE DRIVE Unit 201
General Information
Standard status
Active
Size
1,487 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR+den/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,121
Amenities
gated community
clubhouse
fitness center
outdoor pool
tennis courts
playground
common grounds
jogging/walking path
private balcony
Building Details
Building Size
1,487 SF
Year Built
2007
Listing Agency:
Craig Fauver Real Estate
Listed By:
Craig Fauver · License #639902
(202) 643-4687
Source:
Thehulsmangroup
Added: Oct 5
Changed: Oct 9
Last Checked: Oct 11 at 1:09PM
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 Craig Fauver Real Estate
Investment Insights
Based on property information with market context.
This renovated residential unit offers two bedrooms, a den and two bathrooms. The connected living, dining and kitchen areas have LVP flooring, with carpet in both bedrooms. Kitchen features include granite counters, stainless steel appliances and a breakfast bar. A private balcony and garage parking are also included; the building was completed in 2007.
The gated, pet-friendly community has an elevator, clubhouse, fitness center, outdoor pool, tennis courts, playground, shared grounds and a walking and jogging path. The Shops at Quarry Lake, including The Fresh Market and Walgreens, are nearby, and the property is near I-695.
The gated, pet-friendly community has an elevator, clubhouse, fitness center, outdoor pool, tennis courts, playground, shared grounds and a walking and jogging path. The Shops at Quarry Lake, including The Fresh Market and Walgreens, are nearby, and the property is near I-695.
Key Highlights
- Two bedrooms, a den and two bathrooms
- Garage parking and private balcony
- Renovated kitchen with granite counters, stainless steel appliances and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,373
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,460
$387.5K
Cap Rate 7%
$276,757
$276.8K
Cap Rate 9%
$215,256
$215.3K
Market Conditions
NOI Build-Up for 1,487 SF
Gross rent
$37.5K $25.20/SF
− Vacancy
−$2.2K −$1.51/SF
EGI
$35.2K $23.69/SF
− OpEx
−$15.9K −$10.66/SF
NOI
$19.4K $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%
$387,460
Cap Rate 7%
$276,757
Cap Rate 9%
$215,256
Alternative Uses
Best Use
Apartment 5plus
$276.8K
$242.2K – $322.9K
NOI $19,373 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$356.2K
$311.7K – $415.6K
NOI $24,937 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
Business Placement
Demographics for 21209, MD
28,659
Population
12,086
Households
2.4
Avg Household Size
37
Median Age
60%
College-Educated
96%
High-School Grad
6.5 sq mi
ZIP Area
4,409
Density / Sq Mi
$87,669
Median Household Income
$57,694
Median Earnings
$1,640
Median Rent
$418,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit combines two bedrooms, a den, two bathrooms and garage parking in a gated community.
Where is this residential income property located?
The property is located at 7201 TRAVERTINE DRIVE Unit 201 Baltimore, MD.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two bedrooms, a den and two bathrooms; Garage parking and private balcony; Renovated kitchen with granite counters, stainless steel appliances and breakfast bar
