Two-Bedroom Residential
New
For Sale
$262,500
20 ANDREW PLACE Unit R125, Baltimore, MD 21201
An assigned space in a gated lot accompanies this Baltimore residence.
Property Size895 SF
Days on Market7
Property Features for 20 ANDREW PLACE Unit R125
General Information
Standard status
Active
Size
895 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,279
Building Details
Building Size
895 SF
Year Built
1985
Listing Agency:
Monument Sotheby's International Realty
Listed By:
Maria D Stucky DeJuan · License #612135
(410) 900-7436
Source:
Thehulsmangroup
Added: Oct 13
Changed: Oct 17
Last Checked: Oct 19 at 1:35PM
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
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condo in Harbor Way East has an open living and dining area with a wood-burning fireplace and built-in shelving. The kitchen features granite counters, stainless steel appliances, Shaker-style cabinets, and a breakfast bar. Hardwood floors run throughout, and a separate laundry area includes a washer and dryer. The primary bedroom has two closets and an en-suite bath; the second bedroom has closet space and access to the other full bath. The building dates to 1985.
The home overlooks landscaped park space on a no-through-traffic street in Otterbein, two blocks from Baltimore’s Inner Harbor. One assigned space is included in a private gated lot. Nearby destinations named include Federal Hill, Camden Yards, M&T Bank Stadium, and the University of Maryland Medical Center. Access to I-95, I-395, I-83, MARC Train, Light Rail, and Amtrak is noted.
The home overlooks landscaped park space on a no-through-traffic street in Otterbein, two blocks from Baltimore’s Inner Harbor. One assigned space is included in a private gated lot. Nearby destinations named include Federal Hill, Camden Yards, M&T Bank Stadium, and the University of Maryland Medical Center. Access to I-95, I-395, I-83, MARC Train, Light Rail, and Amtrak is noted.
Key Highlights
- Two bedrooms and two full bathrooms
- Assigned parking space in a private gated lot
- Open living and dining area with wood‑burning fireplace and built‑in shelving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,660
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,200
$233.2K
Cap Rate 7%
$166,571
$166.6K
Cap Rate 9%
$129,556
$129.6K
Market Conditions
NOI Build-Up for 895 SF
Gross rent
$22.6K $25.20/SF
− Vacancy
−$1.4K −$1.51/SF
EGI
$21.2K $23.69/SF
− OpEx
−$9.5K −$10.66/SF
NOI
$11.7K $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%
$233,200
Cap Rate 7%
$166,571
Cap Rate 9%
$129,556
Alternative Uses
Best Use
Apartment 5plus
$166.6K
$145.8K – $194.3K
NOI $11,660 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$214.4K
$187.6K – $250.2K
NOI $15,009 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Residential income property - An assigned space in a gated lot accompanies this Baltimore residence.
Where is this residential income property located?
The property is located at 20 ANDREW PLACE Unit R125 Baltimore, MD.
What is the asking price?
The asking price for this property is $262,500.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Assigned parking space in a private gated lot; Open living and dining area with wood‑burning fireplace and built‑in shelving
