Two-Bedroom Condominium with
3801 CANTERBURY ROAD Unit 506, Baltimore, MD 21218
For Sale
$445,000
A full-service residential building offers garage parking, private storage, and staff at the entrance and reception area.
Property Size1,503 SF
Price / SF$296.07
Days on Market184
Property Features for 3801 CANTERBURY ROAD Unit 506
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
doorman
reception
balcony
built-ins
washer/dryer
storage
Building Details
Building Size
Year Built
Listing Agency:
Monument Sotheby's International Realty
Listed By:
Avendui Lacovara · License MD #574264
(443) 326-8674
Source:
Genedru
Added: May 12
Changed: Nov 2
Last Checked: Nov 10 at 8:35AM
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
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Investment Insights
Based on property information with market context.
This 1,769-square-foot residence has two bedrooms, a den with built-in features, two full bathrooms, and one half bath. The layout includes a large living and dining area, a kitchen with space for a table, and an in-unit washer and dryer. A balcony and several interior rooms, including the living room, kitchen, and second bedroom, overlook the city skyline and nearby baseball and multipurpose athletic fields.
The full-service building provides a doorman and reception, along with two parking spaces and additional storage in the garage. Built in 1990, the property is located at 3801 Canterbury Road in Baltimore.
The full-service building provides a doorman and reception, along with two parking spaces and additional storage in the garage. Built in 1990, the property is located at 3801 Canterbury Road in Baltimore.
Key Highlights
- 1,769‑square‑foot residence with two bedrooms and a den
- Two full bathrooms and one half bath
- Balcony and interior views of the city skyline and nearby sports fields
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,437
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,740
$348.7K
Cap Rate 7%
$249,100
$249.1K
Cap Rate 9%
$193,744
$193.7K
Market Conditions
NOI Build-Up for 1,503 SF
Gross rent
$33.9K $22.56/SF
− Vacancy
−$2.2K −$1.47/SF
EGI
$31.7K $21.09/SF
− OpEx
−$14.3K −$9.49/SF
NOI
$17.4K $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%
$348,740
Cap Rate 7%
$249,100
Cap Rate 9%
$193,744
Alternative Uses
Best Use
Apartment 5plus
$249.1K
$218.0K – $290.6K
NOI $17,437 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$408.6K
$357.6K – $476.8K
NOI $28,605 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,075
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
$229,800
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Baltimore, MD
Properties on Market for Residential income properties in Baltimore
Frequently Asked Questions
What type of property is this?
Residential income property - A full-service residential building offers garage parking, private storage, and staff at the entrance and reception area.
Where is this residential income property located?
The property is located at 3801 CANTERBURY ROAD Unit 506 Baltimore, MD.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 1,769‑square‑foot residence with two bedrooms and a den; Two full bathrooms and one half bath; Balcony and interior views of the city skyline and nearby sports fields
