Upgraded Residential Income
For Sale
$899,000
Pending
1200 STEUART STREET Unit 1711, Baltimore, MD 21230
Condominium residence with expansive glazing, renovated finishes, custom storage, and extensive building amenities.
Property Size2,055 SF
Days on Market218
Property Features for 1200 STEUART STREET Unit 1711
General Information
Standard status
Pending
Size
2,055 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$17,101
Amenities
24/7 front desk service
fitness center
game and billiards room
sky lounge
meeting space
guest parking
Building Details
Building Size
2,055 SF
Year Built
2008
Listing Agency:
Cummings & Co. Realtors
Listed By:
Angela M Stevens · License #96906
(410) 303-8700
Source:
Thehulsmangroup
Added: Mar 8
Changed: Oct 3
Last Checked: Oct 11 at 2:25PM
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 2008 condominium residence at 1200 Steuart Street, Unit 1711, features a freshly painted interior, refinished hardwood floors, 14-foot ceilings, and floor-to-ceiling windows. The open layout is complemented by Viking appliances, enlarged custom cabinetry, pantry storage, integrated AV, whole-home audio, custom living room built-ins, and automated electric blinds. The primary suite includes a remodeled bath with heated floors and a custom walk-in closet.
Silo Point provides 24/7 front desk service, a fitness center, game and billiards room, sky lounge, meeting space, and guest parking. The residence includes two secure parking spaces.
Silo Point provides 24/7 front desk service, a fitness center, game and billiards room, sky lounge, meeting space, and guest parking. The residence includes two secure parking spaces.
Key Highlights
- 14‑foot ceilings and floor‑to‑ceiling windows
- Fresh paint and refinished hardwood floors
- Viking appliances, expanded cabinetry, and pantry storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,773
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,460
$535.5K
Cap Rate 7%
$382,471
$382.5K
Cap Rate 9%
$297,478
$297.5K
Market Conditions
NOI Build-Up for 2,055 SF
Gross rent
$51.8K $25.20/SF
− Vacancy
−$3.1K −$1.51/SF
EGI
$48.7K $23.69/SF
− OpEx
−$21.9K −$10.66/SF
NOI
$26.8K $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%
$535,460
Cap Rate 7%
$382,471
Cap Rate 9%
$297,478
Alternative Uses
Best Use
Apartment 5plus
$382.5K
$334.7K – $446.2K
NOI $26,773 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$492.3K
$430.8K – $574.4K
NOI $34,462 @ 7.0% cap · market cap 3.83%
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 - Condominium residence with expansive glazing, renovated finishes, custom storage, and extensive building amenities.
Where is this residential income property located?
The property is located at 1200 STEUART STREET Unit 1711 Baltimore, MD.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 14‑foot ceilings and floor‑to‑ceiling windows; Fresh paint and refinished hardwood floors; Viking appliances, expanded cabinetry, and pantry storage
