Updated Residential Income
1101 SAINT PAUL STREET Unit 1605, Baltimore, MD 21202
For Sale
New
$224,900
Two bedrooms and two full bathrooms are complemented by in-unit laundry and a refreshed kitchen.
Property Size1,327 SF
Days on Market7
Property Features for 1101 SAINT PAUL STREET Unit 1605
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
EXP Realty, LLC
Listed By:
Daniel W Cohen · License MD #655298
(410) 598-4372
Source:
Thehulsmangroup
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 10 at 3:04PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bathroom condominium is located in the St. Paul at Chase high-rise, a building constructed in 1961. Interior work completed in 2024–2025 includes refinished hardwood flooring, bedroom carpeting, and updates to the kitchen and both bathrooms. The kitchen has updated appliances, countertops, backsplash, sink, flooring, and cabinetry, along with a breakfast nook. An in-unit washer and ventless dryer are set in a newly created hall closet, which also has an overflow sink. The unit also has a new electrical panel, HVAC system, and hot water heater.
The property is near historic Mount Vernon, the Walters Art Museum, Meyerhoff Symphony Hall, and Penn Station. Downtown Baltimore and I-83 are accessible from the address.
The property is near historic Mount Vernon, the Walters Art Museum, Meyerhoff Symphony Hall, and Penn Station. Downtown Baltimore and I-83 are accessible from the address.
Key Highlights
- Two‑bedroom, two‑bathroom condominium in the St. Paul at Chase high‑rise
- Interior updates completed during 2024–2025
- In‑unit washer and ventless dryer, with an overflow sink in the laundry closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,289
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,780
$345.8K
Cap Rate 7%
$246,986
$247.0K
Cap Rate 9%
$192,100
$192.1K
Market Conditions
NOI Build-Up for 1,327 SF
Gross rent
$33.4K $25.20/SF
− Vacancy
−$2.0K −$1.51/SF
EGI
$31.4K $23.69/SF
− OpEx
−$14.1K −$10.66/SF
NOI
$17.3K $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%
$345,780
Cap Rate 7%
$246,986
Cap Rate 9%
$192,100
Alternative Uses
Best Use
Apartment 5plus
$247.0K
$216.1K – $288.2K
NOI $17,289 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$317.9K
$278.2K – $370.9K
NOI $22,254 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,539
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
$307,700
Median Home Value
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Market
Average Price Trend$/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 - Two bedrooms and two full bathrooms are complemented by in-unit laundry and a refreshed kitchen.
Where is this residential income property located?
The property is located at 1101 SAINT PAUL STREET Unit 1605 Baltimore, MD.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium in the St. Paul at Chase high‑rise; Interior updates completed during 2024–2025; In‑unit washer and ventless dryer, with an overflow sink in the laundry closet
