Residential Income Property with Rooftop
1726 ALICEANNA STREET Unit 405-NB, Baltimore, MD 21231
For Sale
$229,900
A three-level condominium offers assigned garage parking and a private outdoor space above the city.
Property Size1,102 SF
Price / SF$208.62
Days on Market49
Property Features for 1726 ALICEANNA STREET Unit 405-NB
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private rooftop deck
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Advantage Realty
Listed By:
Denis V Guma · License MD #625126
(410) 493-5325
Source:
Genedru
Added: Sep 24
Changed: Nov 7
Last Checked: Nov 10 at 4:13PM
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 RE/MAX Advantage Realty
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Investment Insights
Based on property information with market context.
This 1,102-square-foot condominium spans three levels in a building constructed in 1920. The renovated interior includes hardwood flooring, custom cabinetry, imported tile, quartz counters, stainless steel appliances, and an open kitchen. The primary suite has a large bathroom, while a half bath serves the main level. Laundry and storage are located on the second floor, and a private rooftop deck crowns the residence. High ceilings and natural light complement the interior finishes.
The property is in Fells Point, with shopping, dining, the Inner Harbor, Johns Hopkins, and major commuter routes identified nearby. A secured ground-level garage provides off-street parking, including assigned space 14.
The property is in Fells Point, with shopping, dining, the Inner Harbor, Johns Hopkins, and major commuter routes identified nearby. A secured ground-level garage provides off-street parking, including assigned space 14.
Key Highlights
- 1,102‑square‑foot condominium arranged across three levels
- Private rooftop deck
- Assigned parking space 14 in a secured ground‑level garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,357
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,140
$287.1K
Cap Rate 7%
$205,100
$205.1K
Cap Rate 9%
$159,522
$159.5K
Market Conditions
NOI Build-Up for 1,102 SF
Gross rent
$27.8K $25.20/SF
− Vacancy
−$1.7K −$1.51/SF
EGI
$26.1K $23.69/SF
− OpEx
−$11.7K −$10.66/SF
NOI
$14.4K $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%
$287,140
Cap Rate 7%
$205,100
Cap Rate 9%
$159,522
Alternative Uses
Best Use
Apartment 5plus
$205.1K
$179.5K – $239.3K
NOI $14,357 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$264.0K
$231.0K – $308.0K
NOI $18,481 @ 7.0% cap · market cap 8.04%
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
3,083
Businesses Nearby
Explore this area
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
$336,500
Median Home Value
Market
Average Price Trend$/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 - A three-level condominium offers assigned garage parking and a private outdoor space above the city.
Where is this residential income property located?
The property is located at 1726 ALICEANNA STREET Unit 405-NB Baltimore, MD.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 1,102‑square‑foot condominium arranged across three levels; Private rooftop deck; Assigned parking space 14 in a secured ground‑level garage
