Updated Residential Income
For Sale
$275,000
Pending
22 W HILL STREET Unit R 11, Baltimore, MD 21230
Two-bedroom condominium with contemporary finishes, in-unit laundry, and gated off-street parking near Baltimore’s major destinations.
Property Size907 SF
Days on Market74
Property Features for 22 W HILL STREET Unit R 11
General Information
Standard status
Pending
Size
907 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,757
Amenities
in-unit laundry
off-street parking
secure gated lot
decorative fireplace
Building Details
Building Size
907 SF
Year Built
1986
Listing Agency:
Coldwell Banker Realty
Listed By:
June C. Piper-Brandon · License #579412
(410) 292-0100
Source:
Thehulsmangroup
Added: Jul 31
Changed: Oct 12
Last Checked: Oct 11 at 1:45PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This Harborway East condominium offers a two-bedroom, two-bath layout with contemporary updates and an open arrangement connecting the living, dining, and kitchen areas. Natural light fills the interior, while a decorative fireplace adds a defined focal point to the living room. The primary bedroom includes a private full bath, and both bedrooms provide room for separation and privacy. In-unit laundry adds everyday convenience, with off-street parking provided in a secure gated lot.
The property is located in Baltimore’s Otterbein area, near the Inner Harbor, Federal Hill, Downtown Baltimore, Camden Yards, and M&T Bank Stadium. Access to I-95 supports connections to major commuter routes, while nearby dining, shopping, entertainment, and sporting venues add to the surrounding urban setting. Built in 1986, the condominium combines an established building with updated interior finishes and a central city location.
The property is located in Baltimore’s Otterbein area, near the Inner Harbor, Federal Hill, Downtown Baltimore, Camden Yards, and M&T Bank Stadium. Access to I-95 supports connections to major commuter routes, while nearby dining, shopping, entertainment, and sporting venues add to the surrounding urban setting. Built in 1986, the condominium combines an established building with updated interior finishes and a central city location.
Key Highlights
- Two‑bedroom, two‑bath condominium in Harborway East
- Contemporary updates with an open living, dining, and kitchen layout
- Primary bedroom includes a private full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,817
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,340
$236.3K
Cap Rate 7%
$168,814
$168.8K
Cap Rate 9%
$131,300
$131.3K
Market Conditions
NOI Build-Up for 907 SF
Gross rent
$22.9K $25.20/SF
− Vacancy
−$1.4K −$1.51/SF
EGI
$21.5K $23.69/SF
− OpEx
−$9.7K −$10.66/SF
NOI
$11.8K $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%
$236,340
Cap Rate 7%
$168,814
Cap Rate 9%
$131,300
Alternative Uses
Best Use
Apartment 5plus
$168.8K
$147.7K – $197.0K
NOI $11,817 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$217.3K
$190.1K – $253.5K
NOI $15,210 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,994
Businesses Nearby
Explore this area
Business Placement
Demographics for 21230, MD
36,660
Population
18,070
Households
2
Avg Household Size
33
Median Age
59%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
5,819
Density / Sq Mi
$94,164
Median Household Income
$69,973
Median Earnings
$1,771
Median Rent
$327,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with contemporary finishes, in-unit laundry, and gated off-street parking near Baltimore’s major destinations.
Where is this residential income property located?
The property is located at 22 W HILL STREET Unit R 11 Baltimore, MD.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium in Harborway East; Contemporary updates with an open living, dining, and kitchen layout; Primary bedroom includes a private full bath
