Penthouse Condominium with Private
For Sale
$375,000
250 PRESIDENT STREET Unit 805, Baltimore, MD 21202
Three-bedroom residence with fireplaces, bonus space, dedicated parking, and access to full-service building amenities.
Property Size1,457 SF
Days on Market153
Property Features for 250 PRESIDENT STREET Unit 805
General Information
Standard status
Active
Size
1,457 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,028
Amenities
24/7 front desk service
indoor pool
fitness center
library
billiards room
community room
Building Details
Building Size
1,457 SF
Year Built
1988
Listing Agency:
HomeZu by Simple Choice
Listed By:
Christopher J Carr · License #PB00096279
(855) 885-4663
Source:
Thehulsmangroup
Added: May 22
Changed: Oct 20
Last Checked: Oct 19 at 4:21PM
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 HomeZu by Simple Choice
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This penthouse residence at Scarlett Place Condominiums offers a three-bedroom, 2.5-bath layout with an open-concept floor plan and two large private balconies. Three fireplaces add character throughout the home, while the upstairs bonus room provides flexible space for a fourth bedroom, home office, media room, or exercise area. The upper level also includes two storage areas and a separate HVAC system. Built in 1988, the residence includes two dedicated parking spaces located next to the elevator.
Building amenities include 24/7 front desk service, an indoor pool, fitness center, library, billiards room, and community room. The property is within walking distance of Little Italy and Harbor East, as well as the National Aquarium and Inner Harbor, with access to restaurants, cafes, boutiques, entertainment, waterfront attractions, cultural destinations, shopping, dining, and year-round events.
Building amenities include 24/7 front desk service, an indoor pool, fitness center, library, billiards room, and community room. The property is within walking distance of Little Italy and Harbor East, as well as the National Aquarium and Inner Harbor, with access to restaurants, cafes, boutiques, entertainment, waterfront attractions, cultural destinations, shopping, dining, and year-round events.
Key Highlights
- Three‑bedroom, 2.5‑bath penthouse residence with open‑concept floor plan
- Two large private balconies provide additional outdoor living space
- Three fireplaces plus an upstairs bonus room with flexible use options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,982
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,640
$379.6K
Cap Rate 7%
$271,171
$271.2K
Cap Rate 9%
$210,911
$210.9K
Market Conditions
NOI Build-Up for 1,457 SF
Gross rent
$36.7K $25.20/SF
− Vacancy
−$2.2K −$1.51/SF
EGI
$34.5K $23.69/SF
− OpEx
−$15.5K −$10.66/SF
NOI
$19.0K $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%
$379,640
Cap Rate 7%
$271,171
Cap Rate 9%
$210,911
Alternative Uses
Best Use
Apartment 5plus
$271.2K
$237.3K – $316.4K
NOI $18,982 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.1K
$305.4K – $407.2K
NOI $24,434 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,864
Businesses Nearby
Explore this area
Business Placement
Demographics for 21202, MD
22,247
Population
12,731
Households
1.7
Avg Household Size
33
Median Age
48%
College-Educated
86%
High-School Grad
1.6 sq mi
ZIP Area
13,904
Density / Sq Mi
$61,578
Median Household Income
$53,609
Median Earnings
$1,497
Median Rent
$307,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom residence with fireplaces, bonus space, dedicated parking, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 250 PRESIDENT STREET Unit 805 Baltimore, MD.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three‑bedroom, 2.5‑bath penthouse residence with open‑concept floor plan; Two large private balconies provide additional outdoor living space; Three fireplaces plus an upstairs bonus room with flexible use options
