Residential Income Property with Water
For Sale
$939,000
1200 STEUART STREET Unit 1515, Baltimore, MD 21230
High-floor condominium with expansive glazing, industrial-inspired interiors, private parking, storage, and full-service building amenities.
Property Size2,209 SF
Days on Market20
Property Features for 1200 STEUART STREET Unit 1515
General Information
Standard status
Active
Size
2,209 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$17,202
Amenities
24-hour attendant
on-site management
fitness center
yoga studio
treatment room
boardroom
game room
Sky Lounge
Building Details
Building Size
2,209 SF
Year Built
2008
Listing Agency:
Monument Sotheby's International Realty
Listed By:
Holly D Winfield · License #36089
(443) 927-6443
Source:
Barnesrealestatecompany
Added: Sep 16
Changed: Oct 3
Last Checked: Oct 4 at 5:35PM
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
Investment Insights
Based on property information with market context.
This 15th-floor corner condominium at Silo Point Tower spans more than 2,200 square feet and includes two bedrooms and two-and-a-half baths. Triple exposures to the east, west, and south provide broad water and city outlooks through floor-to-ceiling windows. The interior features 14-foot ceilings, exposed structural and mechanical elements, wood flooring, motorized Lutron blinds, and open living and dining areas. A granite-island kitchen offers tile backsplash and custom cherry cabinetry with aluminum detailing. The primary suite includes custom closets and a spa-style bath with dual vanity and a large glass-enclosed shower; the second bedroom has a private bath.
The residence conveys with two garage parking spaces and a private storage unit. Building services include a 24-hour attendant, on-site management, fitness center, yoga studio, treatment room, boardroom, game room, and 19th-floor Sky Lounge. The property provides access to I-95 and the water taxi, with parks, dining, and waterfront city amenities in Locust Point.
The residence conveys with two garage parking spaces and a private storage unit. Building services include a 24-hour attendant, on-site management, fitness center, yoga studio, treatment room, boardroom, game room, and 19th-floor Sky Lounge. The property provides access to I-95 and the water taxi, with parks, dining, and waterfront city amenities in Locust Point.
Key Highlights
- 15th‑floor corner condominium with east, west, and south exposures
- More than 2,200 square feet with 2 bedrooms and 2.5 baths
- 14‑foot ceilings and floor‑to‑ceiling windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,780
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,600
$575.6K
Cap Rate 7%
$411,143
$411.1K
Cap Rate 9%
$319,778
$319.8K
Market Conditions
NOI Build-Up for 2,209 SF
Gross rent
$55.7K $25.20/SF
− Vacancy
−$3.3K −$1.51/SF
EGI
$52.3K $23.69/SF
− OpEx
−$23.5K −$10.66/SF
NOI
$28.8K $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%
$575,600
Cap Rate 7%
$411,143
Cap Rate 9%
$319,778
Alternative Uses
Best Use
Apartment 5plus
$411.1K
$359.8K – $479.7K
NOI $28,780 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$529.2K
$463.1K – $617.4K
NOI $37,045 @ 7.0% cap · market cap 3.95%
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 - High-floor condominium with expansive glazing, industrial-inspired interiors, private parking, storage, and full-service building amenities.
Where is this residential income property located?
The property is located at 1200 STEUART STREET Unit 1515 Baltimore, MD.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: 15th‑floor corner condominium with east, west, and south exposures; More than 2,200 square feet with 2 bedrooms and 2.5 baths; 14‑foot ceilings and floor‑to‑ceiling windows
