Full-Service Condominium
3801 CANTERBURY ROAD Unit 603, Baltimore, MD 21218
For Sale
$190,000
The residence includes two bedrooms, two updated bathrooms, an in-unit laundry area, and a deeded garage parking space.
Property Size1,217 SF
Price / SF$156.12
Days on Market100
Property Features for 3801 CANTERBURY ROAD Unit 603
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour doorman
attended front desk
fitness center
parking garage
storage
private balcony
in-unit washer/dryer
Building Details
Building Size
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
Listed By:
Stanley S Zerden · License #605133
(443) 838-0138
Source:
Thehulsmangroup
Added: Jul 31
Changed: Nov 4
Last Checked: Nov 6 at 2:37PM
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 Berkshire Hathaway HomeServices Homesale Realty
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Investment Insights
Based on property information with market context.
Unit 603 is a 1,217±-square-foot condominium with two bedrooms and two recently updated full bathrooms. Its living and dining area opens to a private balcony overlooking the Johns Hopkins University Homewood Campus. The kitchen has new appliances, quartz counters, and ample storage; a designated laundry area includes a new washer and dryer. The primary suite features a walk-in closet and an ensuite bath with marble details and a soaking tub. A second bedroom and full bathroom provide additional interior space.
The full-service building offers a 24-hour doorman, attended front desk, lobby, fitness center, and parking garage. The unit includes an assigned deeded parking space and additional storage. The property is at 3801 Canterbury Road in Baltimore, near the Homewood Campus. The building dates to 1990.
The full-service building offers a 24-hour doorman, attended front desk, lobby, fitness center, and parking garage. The unit includes an assigned deeded parking space and additional storage. The property is at 3801 Canterbury Road in Baltimore, near the Homewood Campus. The building dates to 1990.
Key Highlights
- 1,217+-square‑foot residence with two bedrooms and two full bathrooms
- Private balcony with views of Johns Hopkins University Homewood Campus
- Kitchen updates include new appliances and quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,119
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,380
$282.4K
Cap Rate 7%
$201,700
$201.7K
Cap Rate 9%
$156,878
$156.9K
Market Conditions
NOI Build-Up for 1,217 SF
Gross rent
$27.5K $22.56/SF
− Vacancy
−$1.8K −$1.47/SF
EGI
$25.7K $21.09/SF
− OpEx
−$11.6K −$9.49/SF
NOI
$14.1K $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%
$282,380
Cap Rate 7%
$201,700
Cap Rate 9%
$156,878
Alternative Uses
Best Use
Apartment 5plus
$201.7K
$176.5K – $235.3K
NOI $14,119 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.9K
$289.5K – $386.0K
NOI $23,162 @ 7.0% cap · market cap 12.19%
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 - The residence includes two bedrooms, two updated bathrooms, an in-unit laundry area, and a deeded garage parking space.
Where is this residential income property located?
The property is located at 3801 CANTERBURY ROAD Unit 603 Baltimore, MD.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 1,217+-square‑foot residence with two bedrooms and two full bathrooms; Private balcony with views of Johns Hopkins University Homewood Campus; Kitchen updates include new appliances and quartz countertops
