2-Bedroom Residential Income
For Sale
$260,000
109 W CONWAY STREET, Baltimore, MD 21201
Open-concept condo with in-unit laundry and gated off-street parking.
Property Size1,033 SF
Days on Market60
Property Features for 109 W CONWAY STREET
General Information
Standard status
Active
Size
1,033 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,688
Building Details
Building Size
1,033 SF
Year Built
1999
Listing Agency:
Cummings & Co. Realtors
Listed By:
Thomas B Maley · License #656646
(410) 274-3326
Source:
Thehulsmangroup
Added: Aug 21
Changed: Oct 16
Last Checked: Oct 16 at 6:15PM
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 Cummings & Co. Realtors
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Investment Insights
Based on property information with market context.
This 1999-built condominium at 109 W Conway Street features two bedrooms, two full bathrooms, and an open-concept arrangement connecting the living and dining areas. In-unit laundry and gated off-street parking add practical convenience, while the residential layout supports comfortable daily living or entertaining.
The property sits directly across from Oriole Park at Camden Yards in Baltimore’s Otterbein neighborhood. The Inner Harbor, Federal Hill, downtown dining, and nightlife are nearby, with access to I-95, I-695, and I-83 providing connections throughout the region.
The property sits directly across from Oriole Park at Camden Yards in Baltimore’s Otterbein neighborhood. The Inner Harbor, Federal Hill, downtown dining, and nightlife are nearby, with access to I-95, I-695, and I-83 providing connections throughout the region.
Key Highlights
- Two‑bedroom, two‑bath condominium built in 1999
- Directly across from Oriole Park at Camden Yards
- Open‑concept living and dining layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,458
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,160
$269.2K
Cap Rate 7%
$192,257
$192.3K
Cap Rate 9%
$149,533
$149.5K
Market Conditions
NOI Build-Up for 1,033 SF
Gross rent
$26.0K $25.20/SF
− Vacancy
−$1.6K −$1.51/SF
EGI
$24.5K $23.69/SF
− OpEx
−$11.0K −$10.66/SF
NOI
$13.5K $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%
$269,160
Cap Rate 7%
$192,257
Cap Rate 9%
$149,533
Alternative Uses
Best Use
Apartment 5plus
$192.3K
$168.2K – $224.3K
NOI $13,458 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$247.5K
$216.5K – $288.7K
NOI $17,323 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
9,510
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept condo with in-unit laundry and gated off-street parking.
Where is this residential income property located?
The property is located at 109 W CONWAY STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium built in 1999; Directly across from Oriole Park at Camden Yards; Open‑concept living and dining layout
