Two-Bedroom Residential
New
For Sale
$205,000
353 HOMELAND SOUTHWAY Unit 2C, Baltimore, MD 21212
The gated community includes a pool, fitness center, off-street parking, and on-site laundry.
Property Size1,043 SF
Price / SF$196.55
Days on Market6
Property Features for 353 HOMELAND SOUTHWAY Unit 2C
General Information
Standard status
Active
Size
1,043 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,184
Amenities
community pool
fitness center
off-street parking
gated community
on-site laundry
Building Details
Building Size
1,043 SF
Year Built
1955
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Bob Simon · License #590634
(410) 812-6936
Source:
Thehulsmangroup
Added: Oct 14
Changed: Oct 17
Last Checked: Oct 16 at 2:16PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,043-square-foot condo has two bedrooms and 1.5 baths, with hardwood flooring, central air, ample closet space, and a fully equipped kitchen. The building dates to 1955, and the unit is identified as 2C.
Residents have access to a community pool, fitness center, off-street parking, and on-site laundry. The property is in a gated community next to Loyola University.
Residents have access to a community pool, fitness center, off-street parking, and on-site laundry. The property is in a gated community next to Loyola University.
Key Highlights
- 1,043‑square‑foot condo with two bedrooms and 1.5 baths
- Hardwood flooring throughout the unit
- Central air and a fully equipped kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,589
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,780
$271.8K
Cap Rate 7%
$194,129
$194.1K
Cap Rate 9%
$150,989
$151.0K
Market Conditions
NOI Build-Up for 1,043 SF
Gross rent
$26.3K $25.20/SF
− Vacancy
−$1.6K −$1.51/SF
EGI
$24.7K $23.69/SF
− OpEx
−$11.1K −$10.66/SF
NOI
$13.6K $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%
$271,780
Cap Rate 7%
$194,129
Cap Rate 9%
$150,989
Alternative Uses
Best Use
Apartment 5plus
$194.1K
$169.9K – $226.5K
NOI $13,589 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$249.9K
$218.6K – $291.5K
NOI $17,491 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
744
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 gated community includes a pool, fitness center, off-street parking, and on-site laundry.
Where is this residential income property located?
The property is located at 353 HOMELAND SOUTHWAY Unit 2C Baltimore, MD.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 1,043‑square‑foot condo with two bedrooms and 1.5 baths; Hardwood flooring throughout the unit; Central air and a fully equipped kitchen
