Residential Income Property with
New
For Sale
$479,900
7401 TRAVERTINE DRIVE Unit 207, Baltimore, MD 21209
The residence includes a flexible bonus room, a dedicated office, and an attached one-car garage.
Property Size1,961 SF
Days on Market3
Property Features for 7401 TRAVERTINE DRIVE Unit 207
General Information
Standard status
Active
Size
1,961 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,777
Amenities
clubhouse
fitness center
gathering spaces
lake
walking paths
Building Details
Building Size
1,961 SF
Year Built
2010
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
Listed By:
Jeffrey A Gaines · License #643652
(443) 845-6099
Source:
Thehulsmangroup
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:45AM
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 Berkshire Hathaway HomeServices Homesale Realty
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Investment Insights
Based on property information with market context.
This 2010 residence offers more than 1,900 square feet, with two bedrooms, a separate office, a dining area, and a bonus room that can serve as additional living space. The living room features engineered hardwood flooring and a tray ceiling. In the kitchen, granite counters, stainless steel appliances, a breakfast nook, and a pantry complement built-in shelving. The primary suite includes a walk-in closet with custom storage and an ensuite bath with a soaking tub, separate shower, and double vanity. A second full bathroom is accessible from the other bedroom. An attached one-car garage is also included.
The home is part of Quarry Lake at Greenspring, a 40-acre mixed-use community with a lake, walking paths, dining, shops, services, and banking. Community amenities include a clubhouse, fitness center, and gathering areas. Recent updates include the HVAC system in 2022, water heater, washer and dryer in 2024, garbage disposal in 2021, and paint throughout.
The home is part of Quarry Lake at Greenspring, a 40-acre mixed-use community with a lake, walking paths, dining, shops, services, and banking. Community amenities include a clubhouse, fitness center, and gathering areas. Recent updates include the HVAC system in 2022, water heater, washer and dryer in 2024, garbage disposal in 2021, and paint throughout.
Key Highlights
- More than 1,900 square feet with two bedrooms, an office, and a flexible bonus room
- Attached one‑car garage
- HVAC system replaced in 2022; water heater and LG washer and dryer updated in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,549
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,980
$511.0K
Cap Rate 7%
$364,986
$365.0K
Cap Rate 9%
$283,878
$283.9K
Market Conditions
NOI Build-Up for 1,961 SF
Gross rent
$49.4K $25.20/SF
− Vacancy
−$3.0K −$1.51/SF
EGI
$46.5K $23.69/SF
− OpEx
−$20.9K −$10.66/SF
NOI
$25.5K $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%
$510,980
Cap Rate 7%
$364,986
Cap Rate 9%
$283,878
Alternative Uses
Best Use
Apartment 5plus
$365.0K
$319.4K – $425.8K
NOI $25,549 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.8K
$411.1K – $548.1K
NOI $32,886 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
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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 residence includes a flexible bonus room, a dedicated office, and an attached one-car garage.
Where is this residential income property located?
The property is located at 7401 TRAVERTINE DRIVE Unit 207 Baltimore, MD.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: More than 1,900 square feet with two bedrooms, an office, and a flexible bonus room; Attached one‑car garage; HVAC system replaced in 2022; water heater and LG washer and dryer updated in 2024
