Residential Income
For Sale
$149,000
1 E CHASE STREET Unit 1008, Baltimore, MD 21202
Upper-floor condominium in the Belvedere Hotel with updated interiors, resident-controlled access, and services within the building.
Property Size546 SF
Days on Market197
Property Features for 1 E CHASE STREET Unit 1008
General Information
Standard status
Active
Size
546 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,190
Building Details
Building Size
546 SF
Year Built
1903
Listing Agency:
Cummings & Co. Realtors
Listed By:
Robin M Robinson · License #661496
(301) 221-6582
Source:
Thehulsmangroup
Added: Mar 28
Changed: Oct 8
Last Checked: Oct 7 at 5:12PM
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 Cummings & Co. Realtors
Investment Insights
Based on property information with market context.
This 10th-floor condominium is located in the Belvedere Hotel at 1 E Chase Street in Baltimore’s Mount Vernon neighborhood. The unit includes neutral paint, luxury vinyl flooring, recessed lighting, a renovated kitchen with new appliances, real wood butcher block counters, and a subway tile backsplash. The bathroom has also been updated with contemporary fixtures and finishes.
The building dates to 1903 and provides a 24-hour front desk, key-fob access to resident floors, and a resident-only elevator. On-site offerings include the Owl Bar Restaurant, a deli, and medical, dental, and legal services. Johns Hopkins, Mercy, and Maryland General Hospitals are nearby, while Amtrak and MARC service are within three blocks. The University of Baltimore, MICA, and the Peabody Conservatory are within walking distance.
The building dates to 1903 and provides a 24-hour front desk, key-fob access to resident floors, and a resident-only elevator. On-site offerings include the Owl Bar Restaurant, a deli, and medical, dental, and legal services. Johns Hopkins, Mercy, and Maryland General Hospitals are nearby, while Amtrak and MARC service are within three blocks. The University of Baltimore, MICA, and the Peabody Conservatory are within walking distance.
Key Highlights
- 10th‑floor condominium in the Belvedere Hotel at 1 E Chase Street, Baltimore, MD 21202
- 1903 building in Baltimore’s Mount Vernon neighborhood
- Renovated kitchen with new appliances, butcher block countertops, and subway tile backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,114
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$142,280
$142.3K
Cap Rate 7%
$101,629
$101.6K
Cap Rate 9%
$79,044
$79.0K
Market Conditions
NOI Build-Up for 546 SF
Gross rent
$13.8K $25.20/SF
− Vacancy
−$826 −$1.51/SF
EGI
$12.9K $23.69/SF
− OpEx
−$5.8K −$10.66/SF
NOI
$7.1K $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%
$142,280
Cap Rate 7%
$101,629
Cap Rate 9%
$79,044
Alternative Uses
Best Use
Apartment 5plus
$101.6K
$88.9K – $118.6K
NOI $7,114 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$130.8K
$114.5K – $152.6K
NOI $9,156 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 21202, MD
22,247
Population
12,731
Households
1.7
Avg Household Size
33
Median Age
48%
College-Educated
86%
High-School Grad
1.6 sq mi
ZIP Area
13,904
Density / Sq Mi
$61,578
Median Household Income
$53,609
Median Earnings
$1,497
Median Rent
$307,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Upper-floor condominium in the Belvedere Hotel with updated interiors, resident-controlled access, and services within the building.
Where is this residential income property located?
The property is located at 1 E CHASE STREET Unit 1008 Baltimore, MD.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: 10th‑floor condominium in the Belvedere Hotel at 1 E Chase Street, Baltimore, MD 21202; 1903 building in Baltimore’s Mount Vernon neighborhood; Renovated kitchen with new appliances, butcher block countertops, and subway tile backsplash
