Two-Bedroom Residential
New
For Sale
$185,000
333 HOMELAND SOUTHWAY Unit 3A, Baltimore, MD 21212
The unit pairs a private balcony with in-unit access to laundry facilities and a separate storage area.
Property Size1,066 SF
Days on Market4
Property Features for 333 HOMELAND SOUTHWAY Unit 3A
General Information
Standard status
Active
Size
1,066 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,276
Amenities
outdoor swimming pool
clubhouse
fitness center
sauna
EV charging stations
koi pond
walking paths
Building Details
Building Size
1,066 SF
Year Built
1965
Listing Agency:
Compass
Listed By:
Beth Valle · License #662149
(410) 967-7373
Source:
Thehulsmangroup
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:23PM
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 Compass
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Investment Insights
Based on property information with market context.
Unit 3A is a two-bedroom, two-bathroom condominium built in 1965. The living and dining area is separate from a kitchen with cabinetry and storage. Hardwood flooring is present in both bedrooms, including the primary bedroom with an en-suite bathroom. A private balcony overlooks wooded surroundings and a nearby stream; a storage area and laundry facilities are located outside the unit.
The gated community includes walking paths, a pool, clubhouse, fitness center, sauna, and EV charging. The condominium fee covers heating gas, hot water, water and sewer, trash removal, and exterior building maintenance. Vehicle parking requires a one-time registration fee, and guest parking is available. Nearby destinations named in the listing include Belvedere Square, Loyola University Maryland, Notre Dame of Maryland University, Johns Hopkins University, and Morgan State University. I-83 is among the cited commuter routes.
The gated community includes walking paths, a pool, clubhouse, fitness center, sauna, and EV charging. The condominium fee covers heating gas, hot water, water and sewer, trash removal, and exterior building maintenance. Vehicle parking requires a one-time registration fee, and guest parking is available. Nearby destinations named in the listing include Belvedere Square, Loyola University Maryland, Notre Dame of Maryland University, Johns Hopkins University, and Morgan State University. I-83 is among the cited commuter routes.
Key Highlights
- Two bedrooms and two full bathrooms
- Built in 1965
- Private balcony with wooded views and a nearby stream
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,888
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,760
$277.8K
Cap Rate 7%
$198,400
$198.4K
Cap Rate 9%
$154,311
$154.3K
Market Conditions
NOI Build-Up for 1,066 SF
Gross rent
$26.9K $25.20/SF
− Vacancy
−$1.6K −$1.51/SF
EGI
$25.3K $23.69/SF
− OpEx
−$11.4K −$10.66/SF
NOI
$13.9K $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%
$277,760
Cap Rate 7%
$198,400
Cap Rate 9%
$154,311
Alternative Uses
Best Use
Apartment 5plus
$198.4K
$173.6K – $231.5K
NOI $13,888 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$255.4K
$223.5K – $298.0K
NOI $17,877 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Explore this area
Business Placement
Demographics for 21212, MD
32,317
Population
13,749
Households
2.4
Avg Household Size
39
Median Age
55%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
7,025
Density / Sq Mi
$96,752
Median Household Income
$57,600
Median Earnings
$1,328
Median Rent
$357,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit pairs a private balcony with in-unit access to laundry facilities and a separate storage area.
Where is this residential income property located?
The property is located at 333 HOMELAND SOUTHWAY Unit 3A Baltimore, MD.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Built in 1965; Private balcony with wooded views and a nearby stream
