Renovated Residential Income
New
For Sale
$325,224
7 STONEHENGE CIR #6, Baltimore, MD 21208
BALTIMORE, MD
Property Size1,487 SF
Price / SF$218.71
Days on Market3
Property Features for 7 STONEHENGE CIR #6
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2
Subdivision
STEVENSON VILLAGE CONDO
Elementary school district
BALTIMORE COUNTY PUBLIC SCHOOLS
Middle school district
BALTIMORE COUNTY PUBLIC SCHOOLS
High school district
BALTIMORE COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
outdoor pool
clubhouse
landscaped grounds
trash pick up at your door
advanced security measures
balcony
in-unit washer and dryer
Building Details
Year built
1970
Listing Agency:
Baltimore Regional Center
(410) 583-9400
Listed By:
Mindy Per · License #38952
Added: Aug 19
Changed: Aug 21
Last Checked: Aug 21 at 3:06PM
MLS# MDBC2173404
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mid-level condominium residence offers 1,487 square feet with three bedrooms and two bathrooms. A major renovation completed in 2026 added luxury vinyl plank flooring, quartz kitchen counters, stainless steel appliances, white Shaker cabinetry, an island, pantry storage, and a full-size washer and dryer. The open living and dining areas connect with the kitchen, while the primary suite includes a walk-in closet and a bathroom with a walk-in shower. New windows, doors, and HVAC systems are also included.
Outdoor features include a tiled balcony overlooking trees and open space. Community amenities consist of an outdoor pool, clubhouse, landscaped common grounds, hardscaping, and two dedicated parking spaces. The property was built in 1970 and is located at 7 Stonehenge Cir #6 in Baltimore, Maryland 21208.
Outdoor features include a tiled balcony overlooking trees and open space. Community amenities consist of an outdoor pool, clubhouse, landscaped common grounds, hardscaping, and two dedicated parking spaces. The property was built in 1970 and is located at 7 Stonehenge Cir #6 in Baltimore, Maryland 21208.
Key Highlights
- 1,487‑square‑foot residence with 3 bedrooms and 2 bathrooms
- Major renovation completed in 2026
- Quartz counters, stainless steel appliances, island, pantry, and white Shaker cabinetry
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
$19,373
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
5.96%
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%
$387,460
$387.5K
Cap Rate 7%
$276,757
$276.8K
Cap Rate 9%
$215,256
$215.3K
Market Conditions
NOI Build-Up for 1,487 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
$37.5K $25.20/SF
− Vacancy
−$2.2K −$1.51/SF
EGI
$35.2K $23.69/SF
− OpEx
−$15.9K −$10.66/SF
NOI
$19.4K $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 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%
$387,460
Cap Rate 7%
$276,757
Cap Rate 9%
$215,256
Alternative Uses
Best Use
Apartment 5plus
$276.8K
$242.2K – $322.9K
NOI $19,373 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$356.2K
$311.7K – $415.6K
NOI $24,937 @ 7.0% cap · market cap 7.67%
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
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 21208, MD
35,007
Population
16,397
Households
2.1
Avg Household Size
46
Median Age
49%
College-Educated
94%
High-School Grad
12.6 sq mi
ZIP Area
2,778
Density / Sq Mi
$90,822
Median Household Income
$55,620
Median Earnings
$1,672
Median Rent
$313,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Mid-level three-bedroom residence with updated interiors, private balcony, community amenities, and two assigned parking spaces.
Where is this residential income property located?
The property is located at 7 STONEHENGE CIR #6 Baltimore, MD.
What is the asking price?
The asking price for this property is $325,224.
What are key features of this property?
This property features: 1,487‑square‑foot residence with 3 bedrooms and 2 bathrooms; Major renovation completed in 2026; Quartz counters, stainless steel appliances, island, pantry, and white Shaker cabinetry
