1-Bedroom Residential Income
For Sale
$105,000
1 E UNIVERSITY PARKWAY Unit 908, Baltimore, MD 21218
Condominium residence with campus views, updated carpeting, and access to extensive building amenities.
Property Size829 SF
Days on Market83
Property Features for 1 E UNIVERSITY PARKWAY Unit 908
General Information
Standard status
Active
Size
829 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,150
Building Details
Building Size
829 SF
Year Built
1965
Listing Agency:
EXP Realty, LLC
(410) 718-0926
Listed By:
Trina M Fernandez · License #614323
(410) 718-0926
Source:
Thehulsmangroup
Added: Jun 2
Changed: Aug 21
Last Checked: Aug 22 at 11:49AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium is located on the 9th floor of a secure building constructed in 1965. The residence includes a functional kitchen, a generously sized bedroom, and new carpet throughout. It is being offered as-is, providing an opportunity for an owner-occupant or investor to customize the interior.
Building services and amenities include concierge service, key fob access, a rooftop pool, fitness center, lounge and recreation space with a full kitchen, and Smart Laundry Card System. The property is next to Johns Hopkins University and offers views over the campus. Union Memorial Hospital, Guilford Park, the JHU shuttle, restaurants, farmers' markets, and shopping are also nearby.
Building services and amenities include concierge service, key fob access, a rooftop pool, fitness center, lounge and recreation space with a full kitchen, and Smart Laundry Card System. The property is next to Johns Hopkins University and offers views over the campus. Union Memorial Hospital, Guilford Park, the JHU shuttle, restaurants, farmers' markets, and shopping are also nearby.
Key Highlights
- One‑bedroom, one‑bath condominium with views of Johns Hopkins University Campus
- 9th‑floor unit in a secure building constructed in 1965
- New carpet installed throughout the residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,618
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$192,360
$192.4K
Cap Rate 7%
$137,400
$137.4K
Cap Rate 9%
$106,867
$106.9K
Market Conditions
NOI Build-Up for 829 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.7K $22.56/SF
− Vacancy
−$1.2K −$1.47/SF
EGI
$17.5K $21.09/SF
− OpEx
−$7.9K −$9.49/SF
NOI
$9.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$192,360
Cap Rate 7%
$137,400
Cap Rate 9%
$106,867
Alternative Uses
Best Use
Apartment 5plus
$137.4K
$120.2K – $160.3K
NOI $9,618 @ 7.0% cap · market cap 9.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$225.4K
$197.2K – $263.0K
NOI $15,778 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with campus views, updated carpeting, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 1 E UNIVERSITY PARKWAY Unit 908 Baltimore, MD.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium with views of Johns Hopkins University Campus; 9th‑floor unit in a secure building constructed in 1965; New carpet installed throughout the residence
