Remodeled Residential Income
For Sale
$215,000
3601 GREENWAY Unit 806, Baltimore, MD 21218
Two-bedroom condominium with custom millwork, upgraded systems, deeded parking, and a private storage locker.
Property Size1,285 SF
Days on Market111
Property Features for 3601 GREENWAY Unit 806
General Information
Standard status
Active
Size
1,285 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,042
Building Details
Building Size
1,285 SF
Year Built
1955
Listing Agency:
Monument Sotheby's International Realty
Listed By:
Wendy A Odell Magus · License #0677660
(410) 591-0204
Source:
Thehulsmangroup
Added: Jun 24
Changed: Oct 3
Last Checked: Oct 11 at 2:20PM
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 Monument Sotheby's International Realty
Investment Insights
Based on property information with market context.
This two-bedroom condominium occupies Unit 806 in The Carrollton, a 1955 building with a secure, around-the-clock staffed lobby. A comprehensive interior remodel completed in August '25 introduced custom millwork, upgraded electrical systems, new vinyl replacement windows, contemporary hardware, and a cohesive monochromatic finish palette. The Great Room includes a 68-inch linear gas fireplace, built-in 76-inch smart television, floating display shelving, and bay windows. The open kitchen features European-style high-gloss cabinetry, quartz surfaces, porcelain tile flooring, under-cabinet lighting, and upgraded stainless steel appliances. Both bathrooms were renovated, including a full bath with a walk-in shower, integrated seat, rain-style showerhead, handheld wand, and frameless glass enclosure. The primary suite offers multiple closets and an adjoining half bath, while the secondary bedroom includes a custom 88-inch closet. A deeded parking space and storage locker are included. The building overlooks Guilford Gateway Park and is near Johns Hopkins University, The Baltimore Museum of Art, Union Memorial Hospital, shops, and restaurants in Charles Village.
Key Highlights
- Comprehensive remodel completed in August '25
- Two‑bedroom condominium with renovated full and half bathrooms
- 68‑inch linear gas fireplace and built‑in 76‑inch smart television
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,908
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,160
$298.2K
Cap Rate 7%
$212,971
$213.0K
Cap Rate 9%
$165,644
$165.6K
Market Conditions
NOI Build-Up for 1,285 SF
Gross rent
$29.0K $22.56/SF
− Vacancy
−$1.9K −$1.47/SF
EGI
$27.1K $21.09/SF
− OpEx
−$12.2K −$9.49/SF
NOI
$14.9K $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%
$298,160
Cap Rate 7%
$212,971
Cap Rate 9%
$165,644
Alternative Uses
Best Use
Apartment 5plus
$213.0K
$186.4K – $248.5K
NOI $14,908 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.4K
$305.7K – $407.6K
NOI $24,456 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,023
Businesses Nearby
Explore this area
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 - Two-bedroom condominium with custom millwork, upgraded systems, deeded parking, and a private storage locker.
Where is this residential income property located?
The property is located at 3601 GREENWAY Unit 806 Baltimore, MD.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Comprehensive remodel completed in August '25; Two‑bedroom condominium with renovated full and half bathrooms; 68‑inch linear gas fireplace and built‑in 76‑inch smart television
