2-Bedroom
New
For Sale
$205,000
353 HOMELAND SWAY #2C, Baltimore, MD 21212
BALTIMORE, MD
Property Size1,043 SF
Price / SF$196.55
Days on Market6
Property Features for 353 HOMELAND SWAY #2C
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1
Subdivision
HOMELAND SOUTHWAY
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Amenities
community pool
fitness center
off-street parking
gated community
on-site laundry
central air
Building Details
Year built
1955
Listing Agency:
Baltimore Regional Center
(410) 583-9400
Listed By:
Bob Simon
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 19 at 11:06PM
MLS# MDBA2234708
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,043-square-foot condominium has two bedrooms, one and a half bathrooms, hardwood flooring, central air, and ample closet space. The kitchen is fully equipped, and the building was constructed in 1955.
The gated community offers a pool, fitness center, off-street parking, and on-site laundry. Loyola University is next to the property.
The gated community offers a pool, fitness center, off-street parking, and on-site laundry. Loyola University is next to the property.
Key Highlights
- 1,043‑square‑foot condominium with two bedrooms and 1.5 bathrooms
- Hardwood flooring and central air
- Fully equipped kitchen and ample closet space
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.
How Realmo checks its estimates
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to a community pool, fitness center, off-street parking, and on-site laundry in a gated community.
Where is this residential income property located?
The property is located at 353 HOMELAND SWAY #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 condominium with two bedrooms and 1.5 bathrooms; Hardwood flooring and central air; Fully equipped kitchen and ample closet space
