Sixth-Floor Residential Income
For Sale
$127,500
1 E CHASE STREET Unit 614, Baltimore, MD 21202
One-bedroom residence with tile flooring, flexible space, and views toward downtown Baltimore.
Property Size748 SF
Days on Market90
Property Features for 1 E CHASE STREET Unit 614
General Information
Standard status
Active
Size
748 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Mid-Town Belvedere
Additional Details
Unit Mix
1 x 1BR/1.5BA
Taxes and HOA fees
Annual Taxes
$3,000
Amenities
24-hour lobby service
grand ballrooms
John Eager Howard Room
The Owl Bar
13th-floor lounge
shopping arcade
Building Details
Building Size
748 SF
Year Built
1902
Listing Agency:
Realty ONE Group Excellence
Listed By:
Kedrick King · License #664850
(443) 908-3982
Source:
Thehulsmangroup
Added: Aug 1
Changed: Oct 25
Last Checked: Oct 28 at 4:43PM
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 Realty ONE Group Excellence
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Investment Insights
Based on property information with market context.
Located within The Belvedere’s West Wing, this well-maintained sixth-floor residence offers one bedroom, one and one-half baths, 10-foot ceilings, and tile flooring. The flexible interior provides a clean starting point for personalized design, while views extend toward downtown Baltimore. The property was built in 1902.
Residents have access to 24-hour lobby service and the building’s historic shared amenities, including grand ballrooms, the John Eager Howard Room, The Owl Bar, a 13th-floor lounge, and a lower-level shopping arcade. The building is near dining, shopping, and everyday conveniences in central Baltimore.
Residents have access to 24-hour lobby service and the building’s historic shared amenities, including grand ballrooms, the John Eager Howard Room, The Owl Bar, a 13th-floor lounge, and a lower-level shopping arcade. The building is near dining, shopping, and everyday conveniences in central Baltimore.
Key Highlights
- One‑bedroom, one‑and‑one‑half‑bath residence in The Belvedere’s West Wing
- Sixth‑floor position with views toward downtown Baltimore
- 10‑foot ceilings and tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,745
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,900
$194.9K
Cap Rate 7%
$139,214
$139.2K
Cap Rate 9%
$108,278
$108.3K
Market Conditions
NOI Build-Up for 748 SF
Gross rent
$18.8K $25.20/SF
− Vacancy
−$1.1K −$1.51/SF
EGI
$17.7K $23.69/SF
− OpEx
−$8.0K −$10.66/SF
NOI
$9.7K $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%
$194,900
Cap Rate 7%
$139,214
Cap Rate 9%
$108,278
Alternative Uses
Best Use
Apartment 5plus
$139.2K
$121.8K – $162.4K
NOI $9,745 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$179.2K
$156.8K – $209.1K
NOI $12,544 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
4,539
Businesses Nearby
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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 - One-bedroom residence with tile flooring, flexible space, and views toward downtown Baltimore.
Where is this residential income property located?
The property is located at 1 E CHASE STREET Unit 614 Baltimore, MD.
What is the asking price?
The asking price for this property is $127,500.
What are key features of this property?
This property features: One‑bedroom, one‑and‑one‑half‑bath residence in The Belvedere’s West Wing; Sixth‑floor position with views toward downtown Baltimore; 10‑foot ceilings and tile flooring
