Waterfront Residential Income
For Sale
$389,000
2901 BOSTON STREET Unit 206, Baltimore, MD 21224
Updated condo with deeded garage parking and 24-hour front desk service.
Property Size1,348 SF
Days on Market452
Property Features for 2901 BOSTON STREET Unit 206
General Information
Standard status
Active
Size
1,348 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,900
Amenities
24-hour concierge
package service
Building Details
Building Size
1,348 SF
Year Built
1985
Listing Agency:
Coldwell Banker Realty
Listed By:
JoAnn N Brothers · License #647689
(443) 987-4021
Source:
Thehulsmangroup
Added: Jul 18, 2025
Changed: Oct 5
Last Checked: Oct 11 at 1:20PM
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.
This residential income property is a condominium unit with water views, deeded garage parking, and building services designed for daily convenience. Recent improvements include HVAC work completed in 2023, a washer and dryer added in 2024, and LVP flooring installed upstairs in 2024. Water and gas are included in the condominium fees.
The building provides a 24-hour front desk and package-handling service. The property is near a waterfront promenade, dining, parks, shops, and cultural destinations, with access to Hopkins, UMD, and major highways. Its Baltimore location also places Canton Square within the surrounding urban setting.
The building provides a 24-hour front desk and package-handling service. The property is near a waterfront promenade, dining, parks, shops, and cultural destinations, with access to Hopkins, UMD, and major highways. Its Baltimore location also places Canton Square within the surrounding urban setting.
Key Highlights
- Waterfront condominium with deeded garage parking space
- HVAC updated in 2023
- Washer and dryer updated in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,362
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,240
$327.2K
Cap Rate 7%
$233,743
$233.7K
Cap Rate 9%
$181,800
$181.8K
Market Conditions
NOI Build-Up for 1,348 SF
Gross rent
$31.4K $23.28/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$29.7K $22.07/SF
− OpEx
−$13.4K −$9.93/SF
NOI
$16.4K $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%
$327,240
Cap Rate 7%
$233,743
Cap Rate 9%
$181,800
Alternative Uses
Best Use
Apartment 5plus
$233.7K
$204.5K – $272.7K
NOI $16,362 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$322.9K
$282.6K – $376.8K
NOI $22,606 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Updated condo with deeded garage parking and 24-hour front desk service.
Where is this residential income property located?
The property is located at 2901 BOSTON STREET Unit 206 Baltimore, MD.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Waterfront condominium with deeded garage parking space; HVAC updated in 2023; Washer and dryer updated in 2024
