Residential Income Property with
For Sale
$222,000
3601 GREENWAY Unit 705, Baltimore, MD 21218
The two-bedroom residence includes deeded garage parking and access to a staffed front desk around the clock.
Property Size1,417 SF
Price / SF$156.67
Days on Market165
Property Features for 3601 GREENWAY Unit 705
General Information
Standard status
Active
Size
1,417 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Oakenshawe
Taxes and HOA fees
Annual Taxes
$3,354
Building Details
Building Size
1,417 SF
Year Built
1955
Listing Agency:
Long & Foster Real Estate, Inc
Listed By:
William W Magruder · License #68074
(410) 456-2490
Source:
Genedru
Added: May 19
Changed: Oct 27
Last Checked: Oct 27 at 4:13AM
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 1,417-square-foot residence has two bedrooms, an adjoining dining room, and a large living room. Parquet flooring runs throughout. The kitchen has been updated, while the bathrooms feature black-and-white tile. A balcony with newly installed terra-cotta flooring extends the living space, and deeded garage parking is included.
The building is across from Guilford Gateway Park, near the Baltimore Museum of Art, Waverly Market, Sherwood Gardens, Charles Village restaurants and breweries, and local universities. Building staff provides 24-hour front desk service.
The building is across from Guilford Gateway Park, near the Baltimore Museum of Art, Waverly Market, Sherwood Gardens, Charles Village restaurants and breweries, and local universities. Building staff provides 24-hour front desk service.
Key Highlights
- 1,417‑square‑foot residence with two bedrooms
- Deeded garage parking
- Balcony with new terra‑cotta tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,439
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,780
$328.8K
Cap Rate 7%
$234,843
$234.8K
Cap Rate 9%
$182,656
$182.7K
Market Conditions
NOI Build-Up for 1,417 SF
Gross rent
$32.0K $22.56/SF
− Vacancy
−$2.1K −$1.47/SF
EGI
$29.9K $21.09/SF
− OpEx
−$13.5K −$9.49/SF
NOI
$16.4K $11.60/SF
Area
ZIP 21218
Vacancy
6.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,780
Cap Rate 7%
$234,843
Cap Rate 9%
$182,656
Alternative Uses
Best Use
Apartment 5plus
$234.8K
$205.5K – $274.0K
NOI $16,439 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$385.3K
$337.1K – $449.5K
NOI $26,968 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,023
Businesses Nearby
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Business Placement
Demographics for 21218, MD
46,238
Population
21,751
Households
2.1
Avg Household Size
34
Median Age
44%
College-Educated
90%
High-School Grad
4.3 sq mi
ZIP Area
10,753
Density / Sq Mi
$58,378
Median Household Income
$38,316
Median Earnings
$1,239
Median Rent
$229,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom residence includes deeded garage parking and access to a staffed front desk around the clock.
Where is this residential income property located?
The property is located at 3601 GREENWAY Unit 705 Baltimore, MD.
What is the asking price?
The asking price for this property is $222,000.
What are key features of this property?
This property features: 1,417‑square‑foot residence with two bedrooms; Deeded garage parking; Balcony with new terra‑cotta tile flooring
