Building Details

Building Size 2,800 SF

Year Built 1985

Listing Agency: Ganz Exclusive Real Estate

Listed By: William J Ganz III · License #601639 Show Phone

Source: Barnesrealestatecompany

Added: Nov 27, 2025 Changed: Oct 19 Last Checked: Oct 19 at 3:00PM

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Investment Insights

Based on property information with market context.

This stylish 2-story condo is located in Canton Cove, a waterfront community. The property features an open layout with soaring ceilings and floor-to-ceiling windows. The updated kitchen includes shaker cabinets, quartz counters, stainless steel appliances, gas cooking, and a Moroccan-inspired backsplash. The main level has a bedroom with a walk-in closet, a full bath, a coat closet, and in-unit laundry. The upper level contains a private primary suite with a full bath, a walk-in closet, and a loft space suitable for an office, gym, or reading nook. Recent updates include HVAC (2023) and LVP flooring upstairs, as well as a washer and dryer (2024). Building amenities include a 24-hour front desk and package service, plus deeded, secure garage parking. The property is located steps from the waterfront promenade, dining, parks, and shops, with quick access to Hopkins, UMD, and major highways.

Key Highlights

• Waterfront location in Canton Cove with access to promenade, dining, parks, and shops.
• 2‑story condo with 2 bedrooms and 2 bathrooms.
• Updated kitchen with shaker cabinets, quartz counters, stainless steel appliances, and gas cooking.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,987

Cap Rate

4.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$679,740 $679.7K

Cap Rate 7%

$485,529 $485.5K

Cap Rate 9%

$377,633 $377.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$65.2K $23.28/SF

− Vacancy

−$3.4K −$1.21/SF

EGI

$61.8K $22.07/SF

− OpEx

−$27.8K −$9.93/SF

NOI

$34.0K $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%

$679,740

Cap Rate 7%

$485,529

Cap Rate 9%

$377,633

Alternative Uses

Best Use

Apartment 5plus

$485.5K

$424.8K – $566.5K (±1% cap)

NOI $33,987 @ 7.0% cap · market cap 4.00%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$670.8K

$587.0K – $782.6K (±1% cap)

NOI $46,956 @ 7.0% cap · market cap 5.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

2,119

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Stylish 2BR/2BA condo with waterfront access and modern updates.

Where is this apartment building located?

The property is located at 2901 BOSTON STREET Unit 102 Baltimore, MD.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Waterfront location in Canton Cove with access to promenade, dining, parks, and shops.; 2‑story condo with 2 bedrooms and 2 bathrooms.; Updated kitchen with shaker cabinets, quartz counters, stainless steel appliances, and gas cooking.**