First-Floor Residential Income
104 W MADISON STREET Unit 1, Baltimore, MD 21201
For Sale
$174,900
The entry-level unit features white oak flooring, a quartz-counter kitchen, built-in desk and bookshelves, and in-unit laundry.
Property Size693 SF
Price / SF$252.38
Days on Market104
Property Features for 104 W MADISON STREET Unit 1
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Magan M Drane · License MD #607711
(410) 493-6854
Source:
Ghimirehomes
Added: Jul 31
Changed: Nov 8
Last Checked: Nov 10 at 3:26PM
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
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Investment Insights
Based on property information with market context.
At 104 W Madison Street, Unit 1, this first-floor residence has white oak floors, a built-in desk and bookshelves, and a kitchen finished with quartz countertops. An in-unit washer and dryer are included. Deep window sills and exposed ductwork add interior detail, and the building was renovated; the unit dates to 2006.
The property is across from Baltimore School of the Arts and near the Washington Monument, museums, restaurants, and public transportation. Its entry-level position provides access without stairs or an elevator.
The property is across from Baltimore School of the Arts and near the Washington Monument, museums, restaurants, and public transportation. Its entry-level position provides access without stairs or an elevator.
Key Highlights
- First‑floor unit with entry‑level access and no stairs or elevator
- White oak flooring, built‑in desk and bookshelves, and quartz kitchen countertops
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,029
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,580
$180.6K
Cap Rate 7%
$128,986
$129.0K
Cap Rate 9%
$100,322
$100.3K
Market Conditions
NOI Build-Up for 693 SF
Gross rent
$17.5K $25.20/SF
− Vacancy
−$1.0K −$1.51/SF
EGI
$16.4K $23.69/SF
− OpEx
−$7.4K −$10.66/SF
NOI
$9.0K $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 Rate 5%
$180,580
Cap Rate 7%
$128,986
Cap Rate 9%
$100,322
Alternative Uses
Best Use
Apartment 5plus
$129.0K
$112.9K – $150.5K
NOI $9,029 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$166.0K
$145.3K – $193.7K
NOI $11,622 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,164
Businesses Nearby
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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
$221,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Baltimore, MD
Properties on Market for Residential income properties in Baltimore
Frequently Asked Questions
What type of property is this?
Residential income property - The entry-level unit features white oak flooring, a quartz-counter kitchen, built-in desk and bookshelves, and in-unit laundry.
Where is this residential income property located?
The property is located at 104 W MADISON STREET Unit 1 Baltimore, MD.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: First‑floor unit with entry‑level access and no stairs or elevator; White oak flooring, built‑in desk and bookshelves, and quartz kitchen countertops; In‑unit washer and dryer
