Residential Income Property with Private
New
For Sale
$200,000
700 CATHEDRAL STREET Unit 102, Baltimore, MD 21201
This first-floor residence has one bedroom, one bath, and original hardwood and marble flooring.
Property Size634 SF
Days on Market7
Property Features for 700 CATHEDRAL STREET Unit 102
General Information
Standard status
Active
Size
634 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Mount Vernon
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,141
Building Details
Building Size
634 SF
Year Built
1850
Listing Agency:
AB & Co Realtors, Inc.
Listed By:
Thomas Penn Williams · License #677723
(202) 302-6860
Source:
Thehulsmangroup
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 28 at 4:22PM
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 AB & Co Realtors, Inc.
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Investment Insights
Based on property information with market context.
Set on Mount Vernon Square, this first-floor residence is part of the historic Decatur Miller Home, built in 1850. The one-bedroom, one-bath layout retains original hardwood and marble floors alongside preserved historic details. A private street entrance opens onto Monument Street through original French doors, providing direct access without going through the building’s common areas.
Hotel Revival is across the street, while the Walters Art Museum, Peabody Institute, Baltimore School for the Arts, Engineers Club, and Mount Vernon Club are nearby. The building’s shared entrance hall features original architectural details, a curved staircase, and marble finishes.
Hotel Revival is across the street, while the Walters Art Museum, Peabody Institute, Baltimore School for the Arts, Engineers Club, and Mount Vernon Club are nearby. The building’s shared entrance hall features original architectural details, a curved staircase, and marble finishes.
Key Highlights
- One‑bedroom, one‑bath residence on the first floor
- Part of the Decatur Miller Home, built in 1850
- Private Monument Street entrance through original French doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,260
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$165,200
$165.2K
Cap Rate 7%
$118,000
$118.0K
Cap Rate 9%
$91,778
$91.8K
Market Conditions
NOI Build-Up for 634 SF
Gross rent
$16.0K $25.20/SF
− Vacancy
−$959 −$1.51/SF
EGI
$15.0K $23.69/SF
− OpEx
−$6.8K −$10.66/SF
NOI
$8.3K $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%
$165,200
Cap Rate 7%
$118,000
Cap Rate 9%
$91,778
Alternative Uses
Best Use
Apartment 5plus
$118.0K
$103.3K – $137.7K
NOI $8,260 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$151.9K
$132.9K – $177.2K
NOI $10,632 @ 7.0% cap · market cap 5.32%
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
8,358
Businesses Nearby
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Business Placement
Demographics for 21201, MD
18,382
Population
11,468
Households
1.6
Avg Household Size
34
Median Age
47%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
14,140
Density / Sq Mi
$44,722
Median Household Income
$44,239
Median Earnings
$1,282
Median Rent
$221,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - This first-floor residence has one bedroom, one bath, and original hardwood and marble flooring.
Where is this residential income property located?
The property is located at 700 CATHEDRAL STREET Unit 102 Baltimore, MD.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath residence on the first floor; Part of the Decatur Miller Home, built in 1850; Private Monument Street entrance through original French doors
