Residential Income Property with
For Sale
$749,000
1200 STEUART STREET Unit 1413, Baltimore, MD 21230
Expansive residence with harbor views, high ceilings, private outdoor space, and two deeded garage parking spaces.
Property Size2,388 SF
Days on Market102
Property Features for 1200 STEUART STREET Unit 1413
General Information
Standard status
Active
Size
2,388 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$18,597
Building Details
Building Size
2,388 SF
Year Built
2008
Listing Agency:
Homecoin.com
Listed By:
Jonathan Minerick · License #5014919
(888) 400-2513
Source:
Barnesrealestatecompany
Added: Jun 26
Changed: Oct 3
Last Checked: Oct 4 at 5:29PM
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 Homecoin.com
Investment Insights
Based on property information with market context.
Unit 1413 is a 2,388-square-foot residence on the 14th floor of Silo Point, a converted grain elevator completed in 2008. The home combines an open living and dining area with 19-foot ceilings, hardwood flooring, recessed lighting, and motorized window treatments. Its kitchen includes quartz countertops, stainless steel appliances, a built-in bar, and a wine refrigerator. The primary suite offers a step-in closet and updated private bath, while an in-unit laundry room adds convenience.
An 847-square-foot terrace balcony provides panoramic views of the Patapsco River and harbor. The property includes two deeded garage parking spaces. Building amenities include a 24-hour front desk, fitness center, game room, sky lounge, and elevators. The residence is located on Steuart Street in Baltimore’s Locust Point area, near restaurants, shops, and waterfront attractions.
An 847-square-foot terrace balcony provides panoramic views of the Patapsco River and harbor. The property includes two deeded garage parking spaces. Building amenities include a 24-hour front desk, fitness center, game room, sky lounge, and elevators. The residence is located on Steuart Street in Baltimore’s Locust Point area, near restaurants, shops, and waterfront attractions.
Key Highlights
- 2,388‑square‑foot residence on the 14th floor of Silo Point
- 847‑square‑foot terrace balcony with Patapsco River and harbor views
- 19‑foot ceilings in the open living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,112
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,240
$622.2K
Cap Rate 7%
$444,457
$444.5K
Cap Rate 9%
$345,689
$345.7K
Market Conditions
NOI Build-Up for 2,388 SF
Gross rent
$60.2K $25.20/SF
− Vacancy
−$3.6K −$1.51/SF
EGI
$56.6K $23.69/SF
− OpEx
−$25.5K −$10.66/SF
NOI
$31.1K $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%
$622,240
Cap Rate 7%
$444,457
Cap Rate 9%
$345,689
Alternative Uses
Best Use
Apartment 5plus
$444.5K
$388.9K – $518.5K
NOI $31,112 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.1K
$500.6K – $667.5K
NOI $40,047 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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 - Expansive residence with harbor views, high ceilings, private outdoor space, and two deeded garage parking spaces.
Where is this residential income property located?
The property is located at 1200 STEUART STREET Unit 1413 Baltimore, MD.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2,388‑square‑foot residence on the 14th floor of Silo Point; 847‑square‑foot terrace balcony with Patapsco River and harbor views; 19‑foot ceilings in the open living and dining area
