Residential Income Property with
For Sale
$399,900
112 E WEST STREET Unit 202, Baltimore, MD 21230
Converted school residence with open living areas, elevated ceilings, two full baths, and secure garage parking.
Property Size1,384 SF
Price / SF$288.95
Days on Market31
Property Features for 112 E WEST STREET Unit 202
General Information
Standard status
Active
Size
1,384 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
2BR/2BA with loft
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,803
Amenities
in-unit washer and dryer
Building Details
Building Size
1,384 SF
Year Built
2004
Construction
Colonial
Listing Agency:
Samson Properties
Listed By:
NDeye Aissa Sires · License #644809
(240) 432-5212
Source:
Thehulsmangroup
Added: Sep 5
Changed: Oct 3
Last Checked: Oct 4 at 4:33PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This 1,384-square-foot condominium occupies the upper level of a school-conversion building completed in 2004. The residence includes two bedrooms, two full bathrooms, and a loft arranged around an open dining and living area. Fourteen-foot ceilings and tall windows bring substantial natural light into the unit, while wood flooring covers the main level and carpeting finishes the loft. A secondary spiral staircase connects the loft to the primary living space.
Both bathrooms include walk-in showers, with the main bath adding a double vanity and the hall bath offering a soaking tub. The unit also has an in-residence washer and dryer, one assigned space in a secured underground garage, and elevator service. Situated in Federal Hill, the property is minutes from Federal Hill Park, museums, the aquarium, and the Inner Harbor, with dining, retail, and entertainment nearby.
Both bathrooms include walk-in showers, with the main bath adding a double vanity and the hall bath offering a soaking tub. The unit also has an in-residence washer and dryer, one assigned space in a secured underground garage, and elevator service. Situated in Federal Hill, the property is minutes from Federal Hill Park, museums, the aquarium, and the Inner Harbor, with dining, retail, and entertainment nearby.
Key Highlights
- 1,384‑square‑foot condominium with two bedrooms, two full bathrooms, and a loft
- Fourteen‑foot ceilings with tall windows throughout the unit
- Open dining and living area with wood flooring on the main level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,031
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,620
$360.6K
Cap Rate 7%
$257,586
$257.6K
Cap Rate 9%
$200,344
$200.3K
Market Conditions
NOI Build-Up for 1,384 SF
Gross rent
$34.9K $25.20/SF
− Vacancy
−$2.1K −$1.51/SF
EGI
$32.8K $23.69/SF
− OpEx
−$14.8K −$10.66/SF
NOI
$18.0K $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%
$360,620
Cap Rate 7%
$257,586
Cap Rate 9%
$200,344
Alternative Uses
Best Use
Apartment 5plus
$257.6K
$225.4K – $300.5K
NOI $18,031 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.6K
$290.1K – $386.8K
NOI $23,210 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,554
Businesses Nearby
Explore this area
Business Placement
Demographics for 21230, MD
36,660
Population
18,070
Households
2
Avg Household Size
33
Median Age
59%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
5,819
Density / Sq Mi
$94,164
Median Household Income
$69,973
Median Earnings
$1,771
Median Rent
$327,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Converted school residence with open living areas, elevated ceilings, two full baths, and secure garage parking.
Where is this residential income property located?
The property is located at 112 E WEST STREET Unit 202 Baltimore, MD.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,384‑square‑foot condominium with two bedrooms, two full bathrooms, and a loft; Fourteen‑foot ceilings with tall windows throughout the unit; Open dining and living area with wood flooring on the main level
