Residential Income Property with Private
New
For Sale
$495,000
15 DEVON HILL ROAD Unit C6, Baltimore, MD 21210
The two-bedroom residence includes a den, updated kitchen and baths, and a fireplace in the living room.
Property Size1,658 SF
Days on Market5
Property Features for 15 DEVON HILL ROAD Unit C6
General Information
Standard status
Active
Size
1,658 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,581
Building Details
Building Size
1,658 SF
Year Built
1983
Listing Agency:
O'Conor, Mooney & Fitzgerald
Listed By:
Thomas J Mooney IV · License #70148
(410) 913-8622
Source:
Thehulsmangroup
Added: Oct 2
Changed: Oct 5
Last Checked: Oct 5 at 10:46PM
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 O'Conor, Mooney & Fitzgerald
Investment Insights
Based on property information with market context.
This two-bedroom residential property includes a den with built-ins and pocket doors, plus a second bedroom and bath. The lower-level kitchen has granite countertops and stainless steel appliances. A fireplace anchors the living room, which opens to a private patio; a separate dining room and primary suite with renovated bath and generous closet space complete the layout. The property was built in 1983.
The Devon Hill community occupies approximately 20 acres of rolling landscape and Olmsted Gardens. Nearby destinations named include The Corner Pantry, Pepe's, The Ivy Bookshop, Whole Foods, Roland Park Library, Petit Louis, and Johnny's, as well as Mt. Washington.
The Devon Hill community occupies approximately 20 acres of rolling landscape and Olmsted Gardens. Nearby destinations named include The Corner Pantry, Pepe's, The Ivy Bookshop, Whole Foods, Roland Park Library, Petit Louis, and Johnny's, as well as Mt. Washington.
Key Highlights
- Two‑bedroom residence with a den featuring built‑ins and pocket doors
- Lower‑level kitchen with granite countertops and stainless steel appliances
- Living room fireplace and private patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,601
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,020
$432.0K
Cap Rate 7%
$308,586
$308.6K
Cap Rate 9%
$240,011
$240.0K
Market Conditions
NOI Build-Up for 1,658 SF
Gross rent
$41.8K $25.20/SF
− Vacancy
−$2.5K −$1.51/SF
EGI
$39.3K $23.69/SF
− OpEx
−$17.7K −$10.66/SF
NOI
$21.6K $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%
$432,020
Cap Rate 7%
$308,586
Cap Rate 9%
$240,011
Alternative Uses
Best Use
Apartment 5plus
$308.6K
$270.0K – $360.0K
NOI $21,601 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$397.2K
$347.6K – $463.4K
NOI $27,805 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Explore this area
Business Placement
Demographics for 21210, MD
14,441
Population
5,416
Households
2.7
Avg Household Size
32
Median Age
83%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
4,247
Density / Sq Mi
$108,929
Median Household Income
$43,474
Median Earnings
$1,498
Median Rent
$521,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom residence includes a den, updated kitchen and baths, and a fireplace in the living room.
Where is this residential income property located?
The property is located at 15 DEVON HILL ROAD Unit C6 Baltimore, MD.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two‑bedroom residence with a den featuring built‑ins and pocket doors; Lower‑level kitchen with granite countertops and stainless steel appliances; Living room fireplace and private patio
