One-Bedroom Residential Income
New
For Sale
$225,000
1 HAMILL COURT Unit 45, Baltimore, MD 21210
Renovated condominium with assigned parking, storage, and access to pools and racquet courts within Village of Cross Keys.
Property Size665 SF
Days on Market5
Property Features for 1 HAMILL COURT Unit 45
General Information
Standard status
Active
Size
665 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,981
Amenities
storage space
tennis courts
pickleball courts
three pools
Building Details
Building Size
665 SF
Year Built
1967
Listing Agency:
Compass
Listed By:
Cara Cohen · License #530127
(410) 371-8667
Source:
Thehulsmangroup
Added: Sep 6
Changed: Sep 9
Last Checked: Sep 9 at 8:27AM
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 Compass
Investment Insights
Based on property information with market context.
Renovated one-bedroom, one-bath condominium in a mid-rise building constructed in 1967. The residence features an open living and dining arrangement, a redesigned kitchen, abundant natural light, and a bedroom with a walk-in closet. An assigned parking space and separate storage area add practical utility.
The property is located in the Village of Cross Keys, with restaurants, cafés, boutiques, professional services, wellness businesses, and a farmers market nearby. Residents have access to three pools, tennis courts, and pickleball courts, while the condominium fee includes utilities and building services. Roland Park and Mount Washington provide additional retail and dining options, and I-83 and I-695 offer access across the Baltimore area.
The property is located in the Village of Cross Keys, with restaurants, cafés, boutiques, professional services, wellness businesses, and a farmers market nearby. Residents have access to three pools, tennis courts, and pickleball courts, while the condominium fee includes utilities and building services. Roland Park and Mount Washington provide additional retail and dining options, and I-83 and I-695 offer access across the Baltimore area.
Key Highlights
- Renovated one‑bedroom, one‑bath condominium
- Mid‑rise building constructed in 1967
- Assigned parking space and separate storage area
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
$8,664
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
3.85%
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%
$173,280
$173.3K
Cap Rate 7%
$123,771
$123.8K
Cap Rate 9%
$96,267
$96.3K
Market Conditions
NOI Build-Up for 665 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
$16.8K $25.20/SF
− Vacancy
−$1.0K −$1.51/SF
EGI
$15.8K $23.69/SF
− OpEx
−$7.1K −$10.66/SF
NOI
$8.7K $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 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%
$173,280
Cap Rate 7%
$123,771
Cap Rate 9%
$96,267
Alternative Uses
Best Use
Apartment 5plus
$123.8K
$108.3K – $144.4K
NOI $8,664 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$159.3K
$139.4K – $185.9K
NOI $11,152 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Explore this area
Business Placement
Demographics for 21210, MD
14,441
Population
5,416
Households
2.7
Avg Household Size
32
Median Age
83%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
4,247
Density / Sq Mi
$108,929
Median Household Income
$43,474
Median Earnings
$1,498
Median Rent
$521,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated condominium with assigned parking, storage, and access to pools and racquet courts within Village of Cross Keys.
Where is this residential income property located?
The property is located at 1 HAMILL COURT Unit 45 Baltimore, MD.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Renovated one‑bedroom, one‑bath condominium; Mid‑rise building constructed in 1967; Assigned parking space and separate storage area
