Residential Income Property with
For Sale
$639,000
230 STONY RUN LN. Unit 2C, Baltimore, MD 21201
A second-floor residence combines a private garage with a separate finished storage room in the same building.
Property Size1,922 SF
Days on Market15
Property Features for 230 STONY RUN LN. Unit 2C
General Information
Standard status
Active
Size
1,922 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$8,012
Building Details
Building Size
1,922 SF
Year Built
1922
Listing Agency:
EXP Realty, LLC
Listed By:
Svetlana Nicole Tendler · License #669169
(443) 280-2121
Source:
Thehulsmangroup
Added: Sep 21
Changed: Oct 3
Last Checked: Oct 4 at 4:42PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This second-floor residence offers three bedrooms, two full baths, and an open living and dining area. A stone-framed fireplace anchors the main living space. The eat-in kitchen has wood cabinetry, granite counters, ceramic tile flooring, and stainless steel appliances. A four-season family room features heated Italian ceramic tile and central A/C. Natural wood floors, custom woodwork, and 23 custom windows are among the interior details; there is no carpeting. Both bathrooms have been renovated, and the primary suite includes an en-suite bath. The home also has an in-unit washer-dryer, a private garage, and a finished lower-level storage room in the building.
The residence was extensively renovated in 2021, the year its new A/C system was installed. The Gardens of Guilford building dates to 1922 and was designed by architect Clyde N. Friz, with Mediterranean and Italian Renaissance influences.
The residence was extensively renovated in 2021, the year its new A/C system was installed. The Gardens of Guilford building dates to 1922 and was designed by architect Clyde N. Friz, with Mediterranean and Italian Renaissance influences.
Key Highlights
- Three bedrooms and two full baths in a second‑floor residence
- Extensively renovated in 2021; new A/C system installed that year
- Four‑season family room with heated Italian ceramic tile and central A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,041
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,820
$500.8K
Cap Rate 7%
$357,729
$357.7K
Cap Rate 9%
$278,233
$278.2K
Market Conditions
NOI Build-Up for 1,922 SF
Gross rent
$48.4K $25.20/SF
− Vacancy
−$2.9K −$1.51/SF
EGI
$45.5K $23.69/SF
− OpEx
−$20.5K −$10.66/SF
NOI
$25.0K $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%
$500,820
Cap Rate 7%
$357,729
Cap Rate 9%
$278,233
Alternative Uses
Best Use
Apartment 5plus
$357.7K
$313.0K – $417.4K
NOI $25,041 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.5K
$402.9K – $537.2K
NOI $32,232 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,155
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 - A second-floor residence combines a private garage with a separate finished storage room in the same building.
Where is this residential income property located?
The property is located at 230 STONY RUN LN. Unit 2C Baltimore, MD.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Three bedrooms and two full baths in a second‑floor residence; Extensively renovated in 2021; new A/C system installed that year; Four‑season family room with heated Italian ceramic tile and central A/C
