Waterfront Residential Income
For Sale
$985,000
1200 STEUART STREET Unit 1511, Baltimore, MD 21230
Fifteenth-floor end unit with expansive waterfront, harbor, city, and skyline views.
Property Size2,201 SF
Days on Market28
Property Features for 1200 STEUART STREET Unit 1511
General Information
Standard status
Active
Size
2,201 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$16,361
Amenities
24-hour front desk
on-site management
package concierge
game room
library
conference rooms
fitness center
yoga room
private treatment rooms
Sky Lounge
bike storage
deeded storage lockers
Building Details
Building Size
2,201 SF
Year Built
2011
Listing Agency:
Compass
Listed By:
Kyle Shay · License #0667868
(410) 952-8640
Source:
Thehulsmangroup
Added: Sep 9
Changed: Oct 5
Last Checked: Oct 4 at 3:36PM
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 Compass
Investment Insights
Based on property information with market context.
Positioned on the 15th floor, this end-unit residential property includes two bedrooms, two-and-a-half bathrooms, and broad living and dining areas. Floor-to-ceiling windows provide multiple exposures, abundant natural light, and nearly 300-degree views encompassing the water, harbor, city, and skyline. The layout also includes space for entertaining, relaxing, and working from home.
Building amenities include a 24-hour front desk, on-site management, package concierge, game room, library, conference rooms, fitness center, yoga room, private treatment rooms, and a 19th-floor Sky Lounge. Residents also have access to secure garage entry, guest parking, EV charging, bike storage, and car-washing stations. The property includes two deeded parking spaces and two deeded storage lockers. Built in 2011, the residence is available for occupancy October 1.
Building amenities include a 24-hour front desk, on-site management, package concierge, game room, library, conference rooms, fitness center, yoga room, private treatment rooms, and a 19th-floor Sky Lounge. Residents also have access to secure garage entry, guest parking, EV charging, bike storage, and car-washing stations. The property includes two deeded parking spaces and two deeded storage lockers. Built in 2011, the residence is available for occupancy October 1.
Key Highlights
- 15th‑floor end unit with nearly 300‑degree water, harbor, city, and skyline views
- Two bedrooms and two‑and‑a‑half bathrooms
- Floor‑to‑ceiling windows with multiple exposures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,676
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,520
$573.5K
Cap Rate 7%
$409,657
$409.7K
Cap Rate 9%
$318,622
$318.6K
Market Conditions
NOI Build-Up for 2,201 SF
Gross rent
$55.5K $25.20/SF
− Vacancy
−$3.3K −$1.51/SF
EGI
$52.1K $23.69/SF
− OpEx
−$23.5K −$10.66/SF
NOI
$28.7K $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%
$573,520
Cap Rate 7%
$409,657
Cap Rate 9%
$318,622
Alternative Uses
Best Use
Apartment 5plus
$409.7K
$358.5K – $477.9K
NOI $28,676 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$527.3K
$461.4K – $615.2K
NOI $36,911 @ 7.0% cap · market cap 3.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
557
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Fifteenth-floor end unit with expansive waterfront, harbor, city, and skyline views.
Where is this residential income property located?
The property is located at 1200 STEUART STREET Unit 1511 Baltimore, MD.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 15th‑floor end unit with nearly 300‑degree water, harbor, city, and skyline views; Two bedrooms and two‑and‑a‑half bathrooms; Floor‑to‑ceiling windows with multiple exposures
