One-Bedroom Residential Income
For Sale
$150,000
10 W MADISON STREET Unit 31, Baltimore, MD 21201
A historic residence pairs original architectural details with a renovated kitchen and newer mechanical equipment.
Property Size715 SF
Price / SF$209.79
Days on Market99
Property Features for 10 W MADISON STREET Unit 31
General Information
Standard status
Active
Size
715 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Mount Vernon
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,375
Amenities
shared laundry
controlled entry
security cameras
wood-burning fireplace
built-in shelving
Building Details
Building Size
715 SF
Year Built
1800
Listing Agency:
Redfin Corp
Listed By:
John P Ippolito · License #639911
(301) 660-8893
Source:
Ghimirehomes
Added: Jul 23
Changed: Oct 27
Last Checked: Oct 26 at 2:48PM
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 Redfin Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath residence measures 715 square feet and is in a building dating to 1800. Interior details include hardwood flooring, high ceilings, an arched entry, built-in shelving, and a wood-burning fireplace. The kitchen has updated finishes, and the unit includes a new refrigerator and furnace. Basement storage, shared laundry, controlled building access, and security cameras are also provided.
The property is across from Mount Vernon Place and the Peabody Institute in Baltimore’s Mount Vernon neighborhood. Cafes, restaurants, bars, cultural destinations, parks, and public transportation are nearby.
The property is across from Mount Vernon Place and the Peabody Institute in Baltimore’s Mount Vernon neighborhood. Cafes, restaurants, bars, cultural destinations, parks, and public transportation are nearby.
Key Highlights
- One‑bedroom, one‑bath residence with 715 square feet
- Building dates to 1800
- Wood‑burning fireplace, built‑in shelving, hardwood floors, and arched entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,315
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,300
$186.3K
Cap Rate 7%
$133,071
$133.1K
Cap Rate 9%
$103,500
$103.5K
Market Conditions
NOI Build-Up for 715 SF
Gross rent
$18.0K $25.20/SF
− Vacancy
−$1.1K −$1.51/SF
EGI
$16.9K $23.69/SF
− OpEx
−$7.6K −$10.66/SF
NOI
$9.3K $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%
$186,300
Cap Rate 7%
$133,071
Cap Rate 9%
$103,500
Alternative Uses
Best Use
Apartment 5plus
$133.1K
$116.4K – $155.3K
NOI $9,315 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$171.3K
$149.9K – $199.9K
NOI $11,991 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,014
Businesses Nearby
Explore this area
Business Placement
Demographics for 21201, MD
18,382
Population
11,468
Households
1.6
Avg Household Size
34
Median Age
47%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
14,140
Density / Sq Mi
$44,722
Median Household Income
$44,239
Median Earnings
$1,282
Median Rent
$221,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A historic residence pairs original architectural details with a renovated kitchen and newer mechanical equipment.
Where is this residential income property located?
The property is located at 10 W MADISON STREET Unit 31 Baltimore, MD.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath residence with 715 square feet; Building dates to 1800; Wood‑burning fireplace, built‑in shelving, hardwood floors, and arched entry
