Two-Bedroom Condominium with
New
For Sale
$229,000
7203 ROCKLAND HILLS DRIVE Unit 304, Baltimore, MD 21209
Renovated interior includes in-unit laundry, a dedicated storage unit, and assigned parking.
Property Size1,128 SF
Days on Market7
Property Features for 7203 ROCKLAND HILLS DRIVE Unit 304
General Information
Standard status
Active
Size
1,128 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,753
Amenities
private balcony
in-unit laundry room
private storage unit
lobby
well-maintained interior corridors
landscaped grounds
Building Details
Building Size
1,128 SF
Year Built
1987
Listing Agency:
Bay View Realty
Listed By:
Tanya K Hall · License #17438
(410) 812-7282
Source:
Thehulsmangroup
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 6 at 12:10AM
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 Bay View Realty
Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bathroom condominium provides one-level living with separate living and dining areas. The renovated kitchen has granite countertops, tile backsplash, under-cabinet lighting, and stainless-steel appliances. Both bathrooms have been updated, and the primary bedroom includes a walk-in closet and an en-suite bath. A private balcony opens from the living area, while a dedicated laundry room and lower-level storage unit add utility. Built in 1987, the unit also includes an assigned parking space in front of the building.
The building has a lobby, interior corridors, landscaped grounds, and visitor parking at the rear.
The building has a lobby, interior corridors, landscaped grounds, and visitor parking at the rear.
Key Highlights
- 2‑bedroom, 2‑bathroom condominium
- Private balcony accessed from the living area
- Renovated kitchen with granite counters, tile backsplash, and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,696
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,920
$293.9K
Cap Rate 7%
$209,943
$209.9K
Cap Rate 9%
$163,289
$163.3K
Market Conditions
NOI Build-Up for 1,128 SF
Gross rent
$28.4K $25.20/SF
− Vacancy
−$1.7K −$1.51/SF
EGI
$26.7K $23.69/SF
− OpEx
−$12.0K −$10.66/SF
NOI
$14.7K $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%
$293,920
Cap Rate 7%
$209,943
Cap Rate 9%
$163,289
Alternative Uses
Best Use
Apartment 5plus
$209.9K
$183.7K – $244.9K
NOI $14,696 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$270.2K
$236.5K – $315.3K
NOI $18,917 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
182
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 - Renovated interior includes in-unit laundry, a dedicated storage unit, and assigned parking.
Where is this residential income property located?
The property is located at 7203 ROCKLAND HILLS DRIVE Unit 304 Baltimore, MD.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom condominium; Private balcony accessed from the living area; Renovated kitchen with granite counters, tile backsplash, and stainless‑steel appliances
