Residential Income Property with
New
For Sale
$525,000
111 HAMLET HILL ROAD Unit 1006, Baltimore, MD 21210
The residence includes concierge service, an outdoor pool, a community center, and four assigned parking spaces.
Property Size2,943 SF
Price / SF$178.39
Days on Market5
Property Features for 111 HAMLET HILL ROAD Unit 1006
General Information
Standard status
Active
Size
2,943 SF
Total Parking Spaces
4
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
4
Taxes and HOA fees
Annual Taxes
$14,122
Amenities
shopping area
concierge service
community center
outdoor pool
doorman
Building Details
Building Size
2,943 SF
Year Built
1978
Listing Agency:
Cummings & Co. Realtors
Listed By:
Robert Ellin · License #638233
(443) 255-8130
Source:
Thehulsmangroup
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 11 at 2:27PM
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
Investment Insights
Based on property information with market context.
This residential income property is a 2,943-square-foot, three-bedroom, three-bathroom residence in a building constructed in 1978. The interior features hardwood flooring, built-in storage, and an open layout. The kitchen is equipped with an electric range, dishwasher, and refrigerator. The primary bedroom has an en-suite bathroom, and the other two bedrooms provide additional living space.
Building amenities include a doorman, concierge service, elevator, community center, and outdoor pool. A shopping area with restaurants is also available to residents. The property includes four assigned spaces in secure parking.
Building amenities include a doorman, concierge service, elevator, community center, and outdoor pool. A shopping area with restaurants is also available to residents. The property includes four assigned spaces in secure parking.
Key Highlights
- 2,943‑square‑foot residence with 3 bedrooms and 3 bathrooms
- Four assigned spaces in secure parking
- Building amenities include a doorman, concierge service, elevator, community center, and outdoor pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,343
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,860
$766.9K
Cap Rate 7%
$547,757
$547.8K
Cap Rate 9%
$426,033
$426.0K
Market Conditions
NOI Build-Up for 2,943 SF
Gross rent
$74.2K $25.20/SF
− Vacancy
−$4.4K −$1.51/SF
EGI
$69.7K $23.69/SF
− OpEx
−$31.4K −$10.66/SF
NOI
$38.3K $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%
$766,860
Cap Rate 7%
$547,757
Cap Rate 9%
$426,033
Alternative Uses
Best Use
Apartment 5plus
$547.8K
$479.3K – $639.1K
NOI $38,343 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$705.1K
$616.9K – $822.6K
NOI $49,354 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 21210, MD
14,441
Population
5,416
Households
2.7
Avg Household Size
32
Median Age
83%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
4,247
Density / Sq Mi
$108,929
Median Household Income
$43,474
Median Earnings
$1,498
Median Rent
$521,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes concierge service, an outdoor pool, a community center, and four assigned parking spaces.
Where is this residential income property located?
The property is located at 111 HAMLET HILL ROAD Unit 1006 Baltimore, MD.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,943‑square‑foot residence with 3 bedrooms and 3 bathrooms; Four assigned spaces in secure parking; Building amenities include a doorman, concierge service, elevator, community center, and outdoor pool
