Six-Unit Charles Village Apartment
For Sale
$500,000
Pending
117 W 29th St, Baltimore, MD 21218
End-of-group apartments with garage parking, individual utility metering, and direct access to Johns Hopkins University and Wyman Park.
Property Size3,805 SF
Days on Market22
Property Features for 117 W 29th St
General Information
Standard status
Pending
Size
3,805 SF
Total Parking Spaces
1
Property subtype
Residential Income
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 1BR, 2 x studio
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$5,028
Building Details
Buildings
1
Listing Agency:
Ben Frederick Realty, Inc.
(410) 235-9500
Listed By:
Will A Cannon III · License #657102
(410) 916-3331
Source:
Exprealty
Added: Sep 15
Changed: Sep 25
Last Checked: Oct 5 at 9:56PM
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 Ben Frederick Realty, Inc.
Investment Insights
Based on property information with market context.
This six-unit apartment building includes four one-bedroom apartments, two studios, and a one-car garage. The end-of-group configuration provides approximately 20 west-wall windows, adding natural light to the apartments. Interior features include laminate kitchen counters, mostly wood cabinetry, primarily stainless-steel sinks, mixed modern vanities and pedestal sinks, steel tubs with ceramic tile surrounds, and ceramic tile or vinyl flooring.
The property is directly across from Johns Hopkins University’s Homewood Campus and overlooks Wyman Park. R. House, Charles Village shopping, neighborhood transit, recreation, the Maryland Avenue protected bike lane, JHU shuttle service, and Baltimore Penn Station are nearby. Each apartment has separate gas and electric metering, with six gas meters and six electric meters. Individual gas-fired furnaces and gas-fired water heaters serve the units, while tenants pay their own gas and electric usage. Water and sewer may also be billed back to tenants.
The property is directly across from Johns Hopkins University’s Homewood Campus and overlooks Wyman Park. R. House, Charles Village shopping, neighborhood transit, recreation, the Maryland Avenue protected bike lane, JHU shuttle service, and Baltimore Penn Station are nearby. Each apartment has separate gas and electric metering, with six gas meters and six electric meters. Individual gas-fired furnaces and gas-fired water heaters serve the units, while tenants pay their own gas and electric usage. Water and sewer may also be billed back to tenants.
Key Highlights
- Six‑unit apartment building with four one‑bedroom apartments and two studios
- One‑car garage included with the property
- End‑of‑group layout with approximately 20 west‑wall windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,144
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,880
$882.9K
Cap Rate 7%
$630,629
$630.6K
Cap Rate 9%
$490,489
$490.5K
Market Conditions
NOI Build-Up for 3,805 SF
Gross rent
$85.8K $22.56/SF
− Vacancy
−$5.6K −$1.47/SF
EGI
$80.3K $21.09/SF
− OpEx
−$36.1K −$9.49/SF
NOI
$44.1K $11.60/SF
Area
ZIP 21218
Vacancy
6.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,880
Cap Rate 7%
$630,629
Cap Rate 9%
$490,489
Alternative Uses
Best Use
Apartment 5plus
$630.6K
$551.8K – $735.7K
NOI $44,144 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$905.2K – $1.21M
NOI $72,417 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,330
Businesses Nearby
Explore this area
Business Placement
Demographics for 21218, MD
46,238
Population
21,751
Households
2.1
Avg Household Size
34
Median Age
44%
College-Educated
90%
High-School Grad
4.3 sq mi
ZIP Area
10,753
Density / Sq Mi
$58,378
Median Household Income
$38,316
Median Earnings
$1,239
Median Rent
$229,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - End-of-group apartments with garage parking, individual utility metering, and direct access to Johns Hopkins University and Wyman Park.
Where is this apartment building located?
The property is located at 117 W 29th St Baltimore, MD.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Six‑unit apartment building with four one‑bedroom apartments and two studios; One‑car garage included with the property; End‑of‑group layout with approximately 20 west‑wall windows
