Residential Income Property with
For Sale
$419,000
230 STONY RUN LANE Unit 3E, Baltimore, MD 21210
The residence includes three bedrooms, a remodeled kitchen, and a south-facing sunroom with abundant natural light.
Property Size1,622 SF
Days on Market14
Property Features for 230 STONY RUN LANE Unit 3E
General Information
Standard status
Active
Size
1,622 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,016
Amenities
wood-burning fireplace
custom standing bar
sunroom
hardwood flooring
stainless steel appliances
storage
Building Details
Building Size
1,622 SF
Year Built
1928
Construction
Mediterranean
Listing Agency:
Coldwell Banker Realty
Listed By:
Jay T Kramer · License #575267
(410) 984-2692
Source:
Thehulsmangroup
Added: Sep 29
Changed: Oct 10
Last Checked: Oct 11 at 10:14AM
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.
A spacious foyer with closets opens to a south-facing sunroom, currently arranged as an artist’s studio. Hardwood flooring runs through the living and dining areas, where a wood-burning fireplace and a quartz-topped standing bar provide distinct features. The remodeled kitchen has custom cabinetry and flooring, quartz countertops, and stainless steel appliances. The residence also includes a primary bedroom with an en-suite bathroom, two additional bedrooms, and a hall bathroom.
The property is in Baltimore’s Gardens of Guilford, a residential enclave with Mediterranean-inspired design elements, including white stucco facades, archways, terra-cotta hallways, and wrought-iron stair railings. Restaurants, coffee shops, museums, and shopping are within walking distance. Additional storage is available in the building’s lower level, and unassigned parking is provided on the property.
The property is in Baltimore’s Gardens of Guilford, a residential enclave with Mediterranean-inspired design elements, including white stucco facades, archways, terra-cotta hallways, and wrought-iron stair railings. Restaurants, coffee shops, museums, and shopping are within walking distance. Additional storage is available in the building’s lower level, and unassigned parking is provided on the property.
Key Highlights
- South‑facing sunroom currently used as an artist’s studio
- Living room features a wood‑burning fireplace
- Remodeled kitchen with custom cabinetry, quartz countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,132
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,640
$422.6K
Cap Rate 7%
$301,886
$301.9K
Cap Rate 9%
$234,800
$234.8K
Market Conditions
NOI Build-Up for 1,622 SF
Gross rent
$40.9K $25.20/SF
− Vacancy
−$2.5K −$1.51/SF
EGI
$38.4K $23.69/SF
− OpEx
−$17.3K −$10.66/SF
NOI
$21.1K $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%
$422,640
Cap Rate 7%
$301,886
Cap Rate 9%
$234,800
Alternative Uses
Best Use
Apartment 5plus
$301.9K
$264.2K – $352.2K
NOI $21,132 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$388.6K
$340.0K – $453.4K
NOI $27,201 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,155
Businesses Nearby
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Business Placement
Demographics for 21210, MD
14,441
Population
5,416
Households
2.7
Avg Household Size
32
Median Age
83%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
4,247
Density / Sq Mi
$108,929
Median Household Income
$43,474
Median Earnings
$1,498
Median Rent
$521,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes three bedrooms, a remodeled kitchen, and a south-facing sunroom with abundant natural light.
Where is this residential income property located?
The property is located at 230 STONY RUN LANE Unit 3E Baltimore, MD.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: South‑facing sunroom currently used as an artist’s studio; Living room features a wood‑burning fireplace; Remodeled kitchen with custom cabinetry, quartz countertops, and stainless steel appliances
