Two-Bedroom Residential
2515 BOSTON STREET Unit 907, Baltimore, MD 21224
For Sale
$440,000
An upper-floor home combines a covered balcony, assigned garage parking, and access to shared fitness and community rooms.
Property Size1,219 SF
Price / SF$360.95
Days on Market119
Property Features for 2515 BOSTON STREET Unit 907
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour front desk
exercise room
community room
covered balcony
indoor storage
Building Details
Building Size
Year Built
Listing Agency:
Cummings & Co. Realtors
Listed By:
Mark Lafayette Hunt IV · License MD #5014120
(443) 377-8953
Source:
Ghimirehomes
Added: Jul 16
Changed: Nov 4
Last Checked: Nov 10 at 8:43AM
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 Cummings & Co. Realtors
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Investment Insights
Based on property information with market context.
This 1,318-square-foot condominium occupies the eleventh floor of Anchorage Tower. The two-bedroom, two-bath layout includes open living and dining areas with hardwood floors, plus a covered private balcony with views of the harbor, Fort McHenry, and the city skyline. The kitchen has stainless steel appliances, granite counters, a breakfast bar, and a pull-out pantry. The primary suite features four closets and an en-suite bath with a soaking tub and glass-enclosed shower. A full-size washer and dryer, additional hall closets, and an indoor storage unit add practical storage and convenience.
Residents have two assigned spaces in a gated garage, a secure lobby with a 24-hour front desk, and shared exercise and community rooms. The building was constructed in 1987. Nearby destinations include the Waterfront Promenade, Boston Street Pier, Canton Waterfront Park, Safeway, and Canton Crossing. The water taxi and a range of dining, shopping, and entertainment options are also nearby.
Residents have two assigned spaces in a gated garage, a secure lobby with a 24-hour front desk, and shared exercise and community rooms. The building was constructed in 1987. Nearby destinations include the Waterfront Promenade, Boston Street Pier, Canton Waterfront Park, Safeway, and Canton Crossing. The water taxi and a range of dining, shopping, and entertainment options are also nearby.
Key Highlights
- Two‑bedroom, two‑bath condominium with 1,318 square feet
- Eleventh‑floor residence with covered balcony and views of the harbor, Fort McHenry, and city skyline
- Two assigned spaces in gated garage, plus an indoor storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,796
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,920
$295.9K
Cap Rate 7%
$211,371
$211.4K
Cap Rate 9%
$164,400
$164.4K
Market Conditions
NOI Build-Up for 1,219 SF
Gross rent
$28.4K $23.28/SF
− Vacancy
−$1.5K −$1.21/SF
EGI
$26.9K $22.07/SF
− OpEx
−$12.1K −$9.93/SF
NOI
$14.8K $12.14/SF
Area
ZIP 21224
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,920
Cap Rate 7%
$211,371
Cap Rate 9%
$164,400
Alternative Uses
Best Use
Apartment 5plus
$211.4K
$185.0K – $246.6K
NOI $14,796 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.0K
$255.5K – $340.7K
NOI $20,443 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,959
Businesses Nearby
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Business Placement
Demographics for 21224, MD
54,266
Population
23,433
Households
2.3
Avg Household Size
33
Median Age
50%
College-Educated
85%
High-School Grad
9.3 sq mi
ZIP Area
5,835
Density / Sq Mi
$86,209
Median Household Income
$63,556
Median Earnings
$1,782
Median Rent
$281,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
Residential income property - An upper-floor home combines a covered balcony, assigned garage parking, and access to shared fitness and community rooms.
Where is this residential income property located?
The property is located at 2515 BOSTON STREET Unit 907 Baltimore, MD.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium with 1,318 square feet; Eleventh‑floor residence with covered balcony and views of the harbor, Fort McHenry, and city skyline; Two assigned spaces in gated garage, plus an indoor storage unit
