Residential Income Property with
For Sale
$369,000
Pending
1200 STEUART STREET Unit 528, Baltimore, MD 21230
Renovated one-bedroom residence with industrial details, garage parking, and access to full-service building amenities.
Property Size1,461 SF
Days on Market62
Property Features for 1200 STEUART STREET Unit 528
General Information
Standard status
Pending
Size
1,461 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,274
Amenities
24-hour front desk attendant
on-site management
state-of-the-art fitness center with yoga studio and treatment room
boardroom
game room
EV charging
19th-floor Sky Lounge
Building Details
Building Size
1,461 SF
Year Built
2008
Construction
industrial
Listing Agency:
Monument Sotheby's International Realty
Listed By:
Holly D Winfield · License #36089
(443) 927-6443
Source:
Thehulsmangroup
Added: Aug 21
Changed: Oct 20
Last Checked: Oct 21 at 6:49AM
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 Monument Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This residential income property is a renovated one-bedroom, one-and-a-half-bath residence in a 2008 building. The open living area combines the lounge, dining, and kitchen spaces beneath high ceilings, with exposed concrete, expansive glass, and northern exposure. The kitchen includes quartz counters, stainless steel appliances, an island with seating, pantry storage, and a wine rack. A private balcony extends the living area, while the primary suite provides a dressing area and custom walk-in closets. Additional features include a renovated powder room, oversized laundry room with full-size washer and dryer, custom storage, Lutron blinds, LED lighting, and one deeded garage parking space.
Building amenities include a 24-hour front desk, on-site management, fitness center with yoga studio and treatment room, boardroom, game room, EV charging, and a 19th-floor Sky Lounge. The property is at 1200 Steuart Street in Baltimore’s Locust Point, with access to waterfront parks, restaurants, the water taxi, and I-95.
Building amenities include a 24-hour front desk, on-site management, fitness center with yoga studio and treatment room, boardroom, game room, EV charging, and a 19th-floor Sky Lounge. The property is at 1200 Steuart Street in Baltimore’s Locust Point, with access to waterfront parks, restaurants, the water taxi, and I-95.
Key Highlights
- One‑bedroom, one‑and‑a‑half‑bath residence in a 2008 building
- Private balcony with northern exposure and city, skyline, and water views
- Renovated kitchen with quartz counters, stainless steel appliances, island, pantry, and wine rack
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,034
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,680
$380.7K
Cap Rate 7%
$271,914
$271.9K
Cap Rate 9%
$211,489
$211.5K
Market Conditions
NOI Build-Up for 1,461 SF
Gross rent
$36.8K $25.20/SF
− Vacancy
−$2.2K −$1.51/SF
EGI
$34.6K $23.69/SF
− OpEx
−$15.6K −$10.66/SF
NOI
$19.0K $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%
$380,680
Cap Rate 7%
$271,914
Cap Rate 9%
$211,489
Alternative Uses
Best Use
Apartment 5plus
$271.9K
$237.9K – $317.2K
NOI $19,034 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.0K
$306.3K – $408.4K
NOI $24,501 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
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 - Renovated one-bedroom residence with industrial details, garage parking, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 1200 STEUART STREET Unit 528 Baltimore, MD.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: One‑bedroom, one‑and‑a‑half‑bath residence in a 2008 building; Private balcony with northern exposure and city, skyline, and water views; Renovated kitchen with quartz counters, stainless steel appliances, island, pantry, and wine rack
