Residential Income Property with
1634 SHAKESPEARE STREET Unit 6, Baltimore, MD 21231
For Sale
$209,900
The occupied unit has a private outdoor terrace, in-unit laundry, and a glass-partitioned sleeping area.
Property Size621 SF
Days on Market15
Property Features for 1634 SHAKESPEARE STREET Unit 6
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private terrace
shared terrace space
in-unit laundry
gated entryway
Building Details
Building Size
Year Built
Listing Agency:
The KW Collective
Listed By:
Christina B Elliott · License MD #600957
(443) 827-8195
Source:
Thehulsmangroup
Added: Oct 28
Changed: Nov 7
Last Checked: Nov 10 at 2:34PM
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 The KW Collective
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Investment Insights
Based on property information with market context.
Unit 6 is a condominium with a full kitchen and bathroom, in-unit laundry, and a private terrace. A glass partition separates the bedroom from the living area while allowing light through the unit. Built-in storage and closets are located along the entry and hallways. The building dates to 1900 and has a controlled, gated entrance and a shared terrace.
The property is on Shakespeare Street in Baltimore’s Fells Point area, facing Broadway Square. The unit is tenant-occupied through December 19th, 2026.
The property is on Shakespeare Street in Baltimore’s Fells Point area, facing Broadway Square. The unit is tenant-occupied through December 19th, 2026.
Key Highlights
- Private terrace, in‑unit laundry, full kitchen, and full bathroom
- Glass partition separates the bedroom while allowing light into the unit
- Tenant occupancy through December 19th, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,091
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,820
$161.8K
Cap Rate 7%
$115,586
$115.6K
Cap Rate 9%
$89,900
$89.9K
Market Conditions
NOI Build-Up for 621 SF
Gross rent
$15.6K $25.20/SF
− Vacancy
−$939 −$1.51/SF
EGI
$14.7K $23.69/SF
− OpEx
−$6.6K −$10.66/SF
NOI
$8.1K $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%
$161,820
Cap Rate 7%
$115,586
Cap Rate 9%
$89,900
Alternative Uses
Best Use
Apartment 5plus
$115.6K
$101.1K – $134.9K
NOI $8,091 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$148.8K
$130.2K – $173.6K
NOI $10,414 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,083
Businesses Nearby
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Business Placement
Demographics for 21231, MD
17,062
Population
9,342
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
18,958
Density / Sq Mi
$85,382
Median Household Income
$67,289
Median Earnings
$1,710
Median Rent
$336,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Baltimore, MD
Properties on Market for Residential income properties in Baltimore
Frequently Asked Questions
What type of property is this?
Residential income property - The occupied unit has a private outdoor terrace, in-unit laundry, and a glass-partitioned sleeping area.
Where is this residential income property located?
The property is located at 1634 SHAKESPEARE STREET Unit 6 Baltimore, MD.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Private terrace, in‑unit laundry, full kitchen, and full bathroom; Glass partition separates the bedroom while allowing light into the unit; Tenant occupancy through December 19th, 2026
