Top-Floor Residential Income
For Sale
$299,944
Pending
6350 RED CEDAR PLACE Unit 405, Baltimore, MD 21209
A single-level residence features a solarium, quartz kitchen counters, and a breakfast room.
Property Size1,695 SF
Days on Market15
Property Features for 6350 RED CEDAR PLACE Unit 405
General Information
Standard status
Pending
Size
1,695 SF
Property subtype
Penthouse Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,666
Building Details
Building Size
1,695 SF
Year Built
1980
Listing Agency:
Home Rome Realty
Listed By:
Margaret Rome · License #311291
(410) 530-2400
Source:
Thehulsmangroup
Added: Sep 28
Changed: Oct 11
Last Checked: Oct 11 at 10:31AM
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 Home Rome Realty
Investment Insights
Based on property information with market context.
This top-floor residence at 6350 Red Cedar Place offers single-level living, high ceilings, and natural light. The kitchen has quartz countertops and connects to a breakfast room, while a solarium provides additional interior space. The unit is near the building’s Sabbath elevator. The property was built in 1980.
Key Highlights
- Top‑floor residence in a residential income property
- Single‑level layout with high ceilings
- Kitchen with quartz countertops and adjoining breakfast room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,083
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,660
$441.7K
Cap Rate 7%
$315,471
$315.5K
Cap Rate 9%
$245,367
$245.4K
Market Conditions
NOI Build-Up for 1,695 SF
Gross rent
$42.7K $25.20/SF
− Vacancy
−$2.6K −$1.51/SF
EGI
$40.2K $23.69/SF
− OpEx
−$18.1K −$10.66/SF
NOI
$22.1K $13.03/SF
Area
Baltimore, MD
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,660
Cap Rate 7%
$315,471
Cap Rate 9%
$245,367
Alternative Uses
Best Use
Apartment 5plus
$315.5K
$276.0K – $368.1K
NOI $22,083 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$406.1K
$355.3K – $473.8K
NOI $28,425 @ 7.0% cap · market cap 9.48%
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
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 21209, MD
28,659
Population
12,086
Households
2.4
Avg Household Size
37
Median Age
60%
College-Educated
96%
High-School Grad
6.5 sq mi
ZIP Area
4,409
Density / Sq Mi
$87,669
Median Household Income
$57,694
Median Earnings
$1,640
Median Rent
$418,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A single-level residence features a solarium, quartz kitchen counters, and a breakfast room.
Where is this residential income property located?
The property is located at 6350 RED CEDAR PLACE Unit 405 Baltimore, MD.
What is the asking price?
The asking price for this property is $299,944.
What are key features of this property?
This property features: Top‑floor residence in a residential income property; Single‑level layout with high ceilings; Kitchen with quartz countertops and adjoining breakfast room
