Multifamily Apartment
For Sale
$4,300,000
700 PARK AVENUE, Baltimore, MD 21201
Located in Mount Vernon with access to downtown, universities, hospitals, employment centers, dining, and transportation.
Property Size26,032 SF
Days on Market30
Property Features for 700 PARK AVENUE
General Information
Standard status
Active
Size
26,032 SF
Property subtype
Five Or More Units
Taxes and HOA fees
Annual Taxes
$43,846
Building Details
Building Size
26,032 SF
Year Built
1905
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Harry N Dunstan III · License #SP98373104
(240) 731-5562
Source:
Thehulsmangroup
Added: Sep 7
Changed: Oct 3
Last Checked: Oct 6 at 12:15AM
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 Coldwell Banker Realty - Washington
Investment Insights
Based on property information with market context.
700 Park Avenue is an apartment building in Baltimore’s Mount Vernon neighborhood. Constructed in 1905, the property is offered as-is.
The location provides access to Downtown Baltimore, major universities, hospitals, employment centers, cultural institutions, dining, and transportation.
The location provides access to Downtown Baltimore, major universities, hospitals, employment centers, cultural institutions, dining, and transportation.
Key Highlights
- 700 Park Avenue, Baltimore, MD 21201
- Apartment building constructed in 1905
- Located in Mount Vernon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$339,155
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,783,100
$6.8M
Cap Rate 7%
$4,845,071
$4.8M
Cap Rate 9%
$3,768,389
$3.8M
Market Conditions
NOI Build-Up for 26,032 SF
Gross rent
$656.0K $25.20/SF
− Vacancy
−$39.4K −$1.51/SF
EGI
$616.6K $23.69/SF
− OpEx
−$277.5K −$10.66/SF
NOI
$339.2K $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%
$6,783,100
Cap Rate 7%
$4,845,071
Cap Rate 9%
$3,768,389
Alternative Uses
Best Use
Apartment 5plus
$4.85M
$4.24M – $5.65M
NOI $339,155 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.24M
$5.46M – $7.28M
NOI $436,558 @ 7.0% cap · market cap 10.15%
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
8,358
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Located in Mount Vernon with access to downtown, universities, hospitals, employment centers, dining, and transportation.
Where is this apartment building located?
The property is located at 700 PARK AVENUE Baltimore, MD.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 700 Park Avenue, Baltimore, MD 21201; Apartment building constructed in 1905; Located in Mount Vernon
