Residential Property with Private
For Sale
$345,000
1200 STEUART STREET Unit 327, Baltimore, MD 21230
The corner residence combines an open living area with a private outdoor space and a deeded garage parking space.
Property Size1,386 SF
Days on Market11
Property Features for 1200 STEUART STREET Unit 327
General Information
Standard status
Active
Size
1,386 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
$8,177
Amenities
24-hour front desk attendant
on-site management
fitness center
yoga studio
treatment room
boardroom
game room
EV charging
Sky Lounge
Building Details
Building Size
1,386 SF
Year Built
2008
Listing Agency:
Monument Sotheby's International Realty
Listed By:
Holly D Winfield · License #36089
(443) 927-6443
Source:
Thehulsmangroup
Added: Oct 2
Changed: Oct 8
Last Checked: Oct 11 at 10:14AM
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.
Built in 2008, this corner residence at Silo Point offers 1 bedroom and 1.5 baths. Its open living and dining area connects to a kitchen with an island, stainless steel appliances, and ample cabinetry. The private balcony extends the living space outdoors. Additional features include a walk-in entry closet, bedroom built-ins, an en-suite bath with a soaking tub and separate shower, a powder room, and a full-size washer and dryer. One deeded garage parking space is included.
Building amenities include a 24-hour front desk, on-site management, fitness center, yoga studio, treatment room, boardroom, game room, EV charging, and a Sky Lounge on the 19th floor with harbor and city views. The property is in Locust Point, near waterfront parks, restaurants, the water taxi, and I-95.
Building amenities include a 24-hour front desk, on-site management, fitness center, yoga studio, treatment room, boardroom, game room, EV charging, and a Sky Lounge on the 19th floor with harbor and city views. The property is in Locust Point, near waterfront parks, restaurants, the water taxi, and I-95.
Key Highlights
- Corner residence with 1 bedroom and 1.5 baths
- Private balcony and one deeded garage parking space
- Kitchen with island, stainless steel appliances, and ample cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,057
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,140
$361.1K
Cap Rate 7%
$257,957
$258.0K
Cap Rate 9%
$200,633
$200.6K
Market Conditions
NOI Build-Up for 1,386 SF
Gross rent
$34.9K $25.20/SF
− Vacancy
−$2.1K −$1.51/SF
EGI
$32.8K $23.69/SF
− OpEx
−$14.8K −$10.66/SF
NOI
$18.1K $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%
$361,140
Cap Rate 7%
$257,957
Cap Rate 9%
$200,633
Alternative Uses
Best Use
Apartment 5plus
$258.0K
$225.7K – $301.0K
NOI $18,057 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$332.0K
$290.5K – $387.4K
NOI $23,243 @ 7.0% cap · market cap 6.74%
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 - The corner residence combines an open living area with a private outdoor space and a deeded garage parking space.
Where is this residential income property located?
The property is located at 1200 STEUART STREET Unit 327 Baltimore, MD.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Corner residence with 1 bedroom and 1.5 baths; Private balcony and one deeded garage parking space; Kitchen with island, stainless steel appliances, and ample cabinetry
