Two-Bedroom Residential Income
New
For Sale
$424,900
7301 TRAVERTINE DRIVE Unit 401, Baltimore, MD 21209
A top-floor, single-level residence includes a private balcony and access to community amenities.
Property Size1,462 SF
Days on Market6
Property Features for 7301 TRAVERTINE DRIVE Unit 401
General Information
Standard status
Active
Size
1,462 SF
Property subtype
Penthouse Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,939
Building Details
Building Size
1,462 SF
Year Built
2008
Listing Agency:
RE/MAX Realty Group
Listed By:
Karen A Tamalavicz · License #26463
(410) 274-1311
Source:
Thehulsmangroup
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 11 at 12:30PM
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 RE/MAX Realty Group
Investment Insights
Based on property information with market context.
This 2008 top-floor condo provides two bedrooms and two full bathrooms in a single-level layout. Hardwood flooring extends through the main living area, with the kitchen connected to the dining and living spaces. The kitchen has stainless steel appliances and granite countertops. A balcony opens from the living area and faces the courtyard. The primary bedroom includes a sitting area and private bathroom with a double-bowl vanity and shower. An elevator serves the building, which also has a separate storage room; the property includes a detached garage.
The residence is in a gated community with a clubhouse, outdoor pool, tennis courts, playground, and walking trails in the common area. Shopping and dining are nearby, with access to I-695.
The residence is in a gated community with a clubhouse, outdoor pool, tennis courts, playground, and walking trails in the common area. Shopping and dining are nearby, with access to I-695.
Key Highlights
- Two bedrooms and two full bathrooms in a single‑level condo
- Built in 2008; top‑floor unit served by an elevator
- Balcony overlooking the courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,048
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,960
$381.0K
Cap Rate 7%
$272,114
$272.1K
Cap Rate 9%
$211,644
$211.6K
Market Conditions
NOI Build-Up for 1,462 SF
Gross rent
$36.8K $25.20/SF
− Vacancy
−$2.2K −$1.51/SF
EGI
$34.6K $23.69/SF
− OpEx
−$15.6K −$10.66/SF
NOI
$19.0K $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%
$380,960
Cap Rate 7%
$272,114
Cap Rate 9%
$211,644
Alternative Uses
Best Use
Apartment 5plus
$272.1K
$238.1K – $317.5K
NOI $19,048 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.3K
$306.5K – $408.6K
NOI $24,518 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - A top-floor, single-level residence includes a private balcony and access to community amenities.
Where is this residential income property located?
The property is located at 7301 TRAVERTINE DRIVE Unit 401 Baltimore, MD.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in a single‑level condo; Built in 2008; top‑floor unit served by an elevator; Balcony overlooking the courtyard
