Waterfront Residential Income
For Sale
$359,900
1200 STEUART STREET Unit 630, Baltimore, MD 21230
One-bedroom condominium residence with open living areas, skyline views, and access to extensive building amenities.
Property Size1,465 SF
Days on Market75
Property Features for 1200 STEUART STREET Unit 630
General Information
Standard status
Active
Size
1,465 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,297
Amenities
24-hour concierge service
fitness center
Sky Lounge
conference rooms
game room
library
Wi-Fi throughout lobby and Sky Lounge
pet-friendly amenities
Building Details
Building Size
1,465 SF
Year Built
2008
Listing Agency:
Keller Williams Realty Centre
Listed By:
Nickolaus B Waldner · License #589020
(443) 579-1516
Source:
Thehulsmangroup
Added: Jul 30
Changed: Oct 11
Last Checked: Oct 11 at 11:18AM
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 Keller Williams Realty Centre
Investment Insights
Based on property information with market context.
Residence 630 is a one-bedroom, one-and-a-half-bath condominium in the Silo Point building, completed in 2008. The interior features an open arrangement connecting the living, dining, and kitchen areas, along with high ceilings, large windows, abundant natural light, generous kitchen storage, quality appliances, and a primary suite with an en-suite bath. A separate powder room and brand-new washer and dryer add practical convenience. Panoramic Baltimore skyline views extend from the home, while the building provides 24-hour concierge service, on-site management, a fitness center, conference rooms, a game room, library, pet-friendly amenities, and Wi-Fi in the lobby and Sky Lounge. The 19th-floor Sky Lounge offers harbor and city views. The residence also includes two preferred assigned parking spaces adjacent to the stairwell doors. Silo Point is near Fort McHenry National Monument, waterfront promenades, Tide Point, Baltimore Peninsula, Latrobe Park, restaurants, breweries, shopping, and the Water Taxi, with access to Downtown Baltimore, the Inner Harbor, and I-95, I-295, I-395, I-695, and I-895.
Key Highlights
- One‑bedroom, one‑and‑a‑half‑bath condominium residence
- Panoramic Baltimore skyline views from the living areas
- Open living, dining, and kitchen arrangement with high ceilings and large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,087
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,740
$381.7K
Cap Rate 7%
$272,671
$272.7K
Cap Rate 9%
$212,078
$212.1K
Market Conditions
NOI Build-Up for 1,465 SF
Gross rent
$36.9K $25.20/SF
− Vacancy
−$2.2K −$1.51/SF
EGI
$34.7K $23.69/SF
− OpEx
−$15.6K −$10.66/SF
NOI
$19.1K $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%
$381,740
Cap Rate 7%
$272,671
Cap Rate 9%
$212,078
Alternative Uses
Best Use
Apartment 5plus
$272.7K
$238.6K – $318.1K
NOI $19,087 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$351.0K
$307.1K – $409.5K
NOI $24,568 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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 - One-bedroom condominium residence with open living areas, skyline views, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 1200 STEUART STREET Unit 630 Baltimore, MD.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: One‑bedroom, one‑and‑a‑half‑bath condominium residence; Panoramic Baltimore skyline views from the living areas; Open living, dining, and kitchen arrangement with high ceilings and large windows
