Highfield House Residential
For Sale
$124,000
Pending
4000 N CHARLES STREET Unit 807, Baltimore, MD 21218
Junior one-bedroom residence with expansive windows, an open kitchen, and building amenities near major Baltimore institutions.
Property Size505 SF
Days on Market93
Property Features for 4000 N CHARLES STREET Unit 807
General Information
Standard status
Pending
Size
505 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,909
Amenities
pool
24-hour front desk
Building Details
Building Size
505 SF
Year Built
1964
Listing Agency:
Monument Sotheby's International Realty
(443) 226-6362
Listed By:
Jeffrey A Nelson · License #596429
(443) 226-6362
Source:
Thehulsmangroup
Added: May 23
Changed: Aug 17
Last Checked: Aug 17 at 2:52AM
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 junior one-bedroom residence is located in Highfield House, a 1964 property associated with Mies van der Rohe. A full wall of windows brings substantial natural light to the living area, while the kitchen opens directly into the main living space. The unit also provides ample closet storage.
The property is convenient to Johns Hopkins University, Penn Station, and Union Memorial Hospital. Building services include a pool and 24-hour front desk. The monthly condo fee covers heat, central AC, cooking gas, water, and hot water, providing a broad package of operating services for the residence.
The property is convenient to Johns Hopkins University, Penn Station, and Union Memorial Hospital. Building services include a pool and 24-hour front desk. The monthly condo fee covers heat, central AC, cooking gas, water, and hot water, providing a broad package of operating services for the residence.
Key Highlights
- Junior one‑bedroom residence at Highfield House
- Full wall of windows in the living area
- Kitchen opens to the main living space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,859
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$117,180
$117.2K
Cap Rate 7%
$83,700
$83.7K
Cap Rate 9%
$65,100
$65.1K
Market Conditions
NOI Build-Up for 505 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$11.4K $22.56/SF
− Vacancy
−$741 −$1.47/SF
EGI
$10.7K $21.09/SF
− OpEx
−$4.8K −$9.49/SF
NOI
$5.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$117,180
Cap Rate 7%
$83,700
Cap Rate 9%
$65,100
Alternative Uses
Best Use
Apartment 5plus
$83.7K
$73.2K – $97.7K
NOI $5,859 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$137.3K
$120.1K – $160.2K
NOI $9,611 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
835
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Junior one-bedroom residence with expansive windows, an open kitchen, and building amenities near major Baltimore institutions.
Where is this residential income property located?
The property is located at 4000 N CHARLES STREET Unit 807 Baltimore, MD.
What is the asking price?
The asking price for this property is $124,000.
What are key features of this property?
This property features: Junior one‑bedroom residence at Highfield House; Full wall of windows in the living area; Kitchen opens to the main living space
