Two-Bedroom Apartment
New
For Sale
$224,900
123 W BARRE STREET Unit PH-4, Baltimore, MD 21201
The unit has two full bathrooms, with reserved parking and extra storage available in the building.
Property Size1,200 SF
Days on Market7
Property Features for 123 W BARRE STREET Unit PH-4
General Information
Standard status
Active
Size
1,200 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,227
Amenities
extra storage
reserved parking
private rooftop deck
Building Details
Building Size
1,200 SF
Year Built
1985
Construction
brick
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
Elizabeth A Leety · License #579680
(443) 804-3172
Source:
Thehulsmangroup
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 16 at 2:20PM
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 Berkshire Hathaway HomeServices PenFed Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This top-floor penthouse apartment has two bedrooms, two full bathrooms and oversized windows. Built in 1985, the unit has a kitchen described as dated, and its windows were installed in 2006. It has been cleaned and painted. Building features include an elevator, reserved parking and extra storage, along with a rooftop deck for residents.
The apartment is in Baltimore’s Otterbein neighborhood, within walking distance of M&T Bank Stadium and Camden Yards. Public transportation and major thoroughfares provide access to downtown and other destinations. Nearby amenities include parks and eateries.
The apartment is in Baltimore’s Otterbein neighborhood, within walking distance of M&T Bank Stadium and Camden Yards. Public transportation and major thoroughfares provide access to downtown and other destinations. Nearby amenities include parks and eateries.
Key Highlights
- Top‑floor apartment with 2 bedrooms and 2 full bathrooms
- Built in 1985; windows installed in 2006
- Building features an elevator, reserved parking and extra storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,634
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,680
$312.7K
Cap Rate 7%
$223,343
$223.3K
Cap Rate 9%
$173,711
$173.7K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$30.2K $25.20/SF
− Vacancy
−$1.8K −$1.51/SF
EGI
$28.4K $23.69/SF
− OpEx
−$12.8K −$10.66/SF
NOI
$15.6K $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%
$312,680
Cap Rate 7%
$223,343
Cap Rate 9%
$173,711
Alternative Uses
Best Use
Apartment 5plus
$223.3K
$195.4K – $260.6K
NOI $15,634 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.5K
$251.6K – $335.4K
NOI $20,124 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
9,510
Businesses Nearby
Explore this area
Business Placement
Demographics for 21201, MD
18,382
Population
11,468
Households
1.6
Avg Household Size
34
Median Age
47%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
14,140
Density / Sq Mi
$44,722
Median Household Income
$44,239
Median Earnings
$1,282
Median Rent
$221,900
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The unit has two full bathrooms, with reserved parking and extra storage available in the building.
Where is this residential income property located?
The property is located at 123 W BARRE STREET Unit PH-4 Baltimore, MD.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Top‑floor apartment with 2 bedrooms and 2 full bathrooms; Built in 1985; windows installed in 2006; Building features an elevator, reserved parking and extra storage
