Renovated Residential Income
For Sale
$95,000
1011 HUNTER STREET N Unit F2, Baltimore, MD 21202
Colonial-style unit with hardwood floors, elevator access, open living areas, and association-provided water service.
Property Size538 SF
Days on Market149
Property Features for 1011 HUNTER STREET N Unit F2
General Information
Standard status
Active
Size
538 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,800
Building Details
Building Size
538 SF
Year Built
1986
Year Renovated
2006
Construction
Colonial
Listing Agency:
Flucas & Flucas Realty
(443) 525-7546
Listed By:
Regina Flucas · License #519259
(443) 525-7546
Source:
Thehulsmangroup
Added: Mar 28
Changed: Aug 21
Last Checked: Aug 22 at 11:02AM
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 Flucas & Flucas Realty
Investment Insights
Based on property information with market context.
This residential income property is a Colonial-style unit at 1011 Hunter Street N, Unit F2, in Baltimore, Maryland. Constructed in 1986 and renovated in 2006, the residence features hardwood flooring, an open interior arrangement, and elevator access to all levels. The unit also includes city views and sits adjacent to open space, adding outdoor context to the property’s residential setting.
Association services include water, supporting a lower-maintenance ownership structure. The grounds are maintained, and parking is provided through an asphalt driveway with ample spaces for residents and guests.
Association services include water, supporting a lower-maintenance ownership structure. The grounds are maintained, and parking is provided through an asphalt driveway with ample spaces for residents and guests.
Key Highlights
- Residential income unit at 1011 Hunter Street N, Unit F2, Baltimore, MD 21202
- Built in 1986 and renovated in 2006
- Colonial architectural style with hardwood flooring
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
$7,009
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
7.38%
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%
$140,180
$140.2K
Cap Rate 7%
$100,129
$100.1K
Cap Rate 9%
$77,878
$77.9K
Market Conditions
NOI Build-Up for 538 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
$13.6K $25.20/SF
− Vacancy
−$813 −$1.51/SF
EGI
$12.7K $23.69/SF
− OpEx
−$5.7K −$10.66/SF
NOI
$7.0K $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%
$140,180
Cap Rate 7%
$100,129
Cap Rate 9%
$77,878
Alternative Uses
Best Use
Apartment 5plus
$100.1K
$87.6K – $116.8K
NOI $7,009 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$128.9K
$112.8K – $150.4K
NOI $9,022 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,679
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Colonial-style unit with hardwood floors, elevator access, open living areas, and association-provided water service.
Where is this residential income property located?
The property is located at 1011 HUNTER STREET N Unit F2 Baltimore, MD.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Residential income unit at 1011 Hunter Street N, Unit F2, Baltimore, MD 21202; Built in 1986 and renovated in 2006; Colonial architectural style with hardwood flooring
