Renovated Residential Income
For Sale
$155,000
1 E UNIVERSITY PARKWAY Unit 1302, Baltimore, MD 21218
Thoroughly updated condo with included utilities, secure building access, and proximity to Johns Hopkins University.
Property Size1,152 SF
Days on Market123
Property Features for 1 E UNIVERSITY PARKWAY Unit 1302
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,398
Amenities
24 hour secure building
garage parking available for rent
Building Details
Building Size
1,152 SF
Year Built
1965
Listing Agency:
ExecuHome Realty
Listed By:
Denise Brandt · License #517930
(301) 693-2727
Source:
Thehulsmangroup
Added: Jun 21
Changed: Oct 6
Last Checked: Oct 21 at 6:23AM
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 ExecuHome Realty
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Investment Insights
Based on property information with market context.
This 13th-floor condominium offers two bedrooms and two full bathrooms within a secure residential building constructed in 1965. Improvements include replacement windows and sliding doors, a new HVAC water riser, exterior concrete work, and renovations to both bathrooms, including concealed plumbing updates behind the tile walls. The condominium fee covers heating, cooling, electricity, and water.
Located in Baltimore’s Charles Village, the property is near Johns Hopkins University, local restaurants, bars, shopping, and daily services. The building is steps from a Johns Hopkins shuttle and provides city views toward green space and a church. Garage parking is available for rent.
Located in Baltimore’s Charles Village, the property is near Johns Hopkins University, local restaurants, bars, shopping, and daily services. The building is steps from a Johns Hopkins shuttle and provides city views toward green space and a church. Garage parking is available for rent.
Key Highlights
- Two‑bedroom, two‑bath condominium on the 13th floor
- Renovated bathrooms with re‑plumbing behind tile walls
- New windows, sliding doors, and HVAC water riser
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,365
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,300
$267.3K
Cap Rate 7%
$190,929
$190.9K
Cap Rate 9%
$148,500
$148.5K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$26.0K $22.56/SF
− Vacancy
−$1.7K −$1.47/SF
EGI
$24.3K $21.09/SF
− OpEx
−$10.9K −$9.49/SF
NOI
$13.4K $11.60/SF
Area
ZIP 21218
Vacancy
6.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,300
Cap Rate 7%
$190,929
Cap Rate 9%
$148,500
Alternative Uses
Best Use
Apartment 5plus
$190.9K
$167.1K – $222.8K
NOI $13,365 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.2K
$274.1K – $365.4K
NOI $21,925 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,023
Businesses Nearby
Explore this area
Business Placement
Demographics for 21218, MD
46,238
Population
21,751
Households
2.1
Avg Household Size
34
Median Age
44%
College-Educated
90%
High-School Grad
4.3 sq mi
ZIP Area
10,753
Density / Sq Mi
$58,378
Median Household Income
$38,316
Median Earnings
$1,239
Median Rent
$229,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Thoroughly updated condo with included utilities, secure building access, and proximity to Johns Hopkins University.
Where is this residential income property located?
The property is located at 1 E UNIVERSITY PARKWAY Unit 1302 Baltimore, MD.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium on the 13th floor; Renovated bathrooms with re‑plumbing behind tile walls; New windows, sliding doors, and HVAC water riser
