Two-Bedroom Residential Income
7701 TRAVERTINE DRIVE Unit 401, Baltimore, MD 21209
For Sale
$429,000
The 2014-built residence includes a den, an attached garage, and access to shared community amenities.
Property Size1,467 SF
Price / SF$292.43
Days on Market89
Property Features for 7701 TRAVERTINE DRIVE Unit 401
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
clubhouse
gym
party room
pool
walking trail
Building Details
Building Size
Year Built
Listing Agency:
LPT Realty, LLC
Listed By:
Laurie M Karll · License MD #614241
(410) 984-8624
Source:
Ghimirehomes
Added: Aug 15
Changed: Nov 4
Last Checked: Nov 10 at 8:50AM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,467-square-foot residence offers two bedrooms and a den, with an open kitchen finished with quartz countertops. Wood plank flooring runs through the living and dining areas and den. Updates include new carpeting, a water heater, a toilet, and quartz counters in both full bathrooms. The unit faces a garden courtyard and has western exposure; one garage space conveys, with adjacent storage.
Community amenities include a clubhouse with a gym and party room, plus a pool. Quarry Lake and its walking trail are nearby, as are Fresh Market, Starbucks, banks, medical offices, restaurants, and shopping. The building was constructed in 2014.
Community amenities include a clubhouse with a gym and party room, plus a pool. Quarry Lake and its walking trail are nearby, as are Fresh Market, Starbucks, banks, medical offices, restaurants, and shopping. The building was constructed in 2014.
Key Highlights
- 1,467‑square‑foot residence with two bedrooms and a den
- Open kitchen with quartz countertops; wood plank flooring in the living and dining areas and den
- Both full bathrooms have quartz counters; new carpet, water heater, and toilet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,113
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,260
$382.3K
Cap Rate 7%
$273,043
$273.0K
Cap Rate 9%
$212,367
$212.4K
Market Conditions
NOI Build-Up for 1,467 SF
Gross rent
$37.0K $25.20/SF
− Vacancy
−$2.2K −$1.51/SF
EGI
$34.8K $23.69/SF
− OpEx
−$15.6K −$10.66/SF
NOI
$19.1K $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%
$382,260
Cap Rate 7%
$273,043
Cap Rate 9%
$212,367
Alternative Uses
Best Use
Apartment 5plus
$273.0K
$238.9K – $318.6K
NOI $19,113 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$351.5K
$307.5K – $410.0K
NOI $24,602 @ 7.0% cap · market cap 5.73%
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
507
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
$418,800
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Baltimore, MD
Properties on Market for Residential income properties in Baltimore
Frequently Asked Questions
What type of property is this?
Residential income property - The 2014-built residence includes a den, an attached garage, and access to shared community amenities.
Where is this residential income property located?
The property is located at 7701 TRAVERTINE DRIVE Unit 401 Baltimore, MD.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 1,467‑square‑foot residence with two bedrooms and a den; Open kitchen with quartz countertops; wood plank flooring in the living and dining areas and den; Both full bathrooms have quartz counters; new carpet, water heater, and toilet
