Historic Beaux Arts Building
For Sale
$499,000
700 WASHINGTON PLACE Unit 2D, Baltimore, MD 21201
Updated 3-bedroom apartment with views and historic charm.
Property Size2,061 SF
Days on Market416
Property Features for 700 WASHINGTON PLACE Unit 2D
General Information
Standard status
Active
Size
2,061 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$53,774
Building Details
Building Size
2,061 SF
Year Built
1906
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Julie A Canard · License #68745
(202) 236-2200
Source:
Thehulsmangroup
Added: Sep 1, 2025
Changed: Oct 10
Last Checked: Oct 21 at 2:44AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This historic Beaux Arts building offers views of Mount Vernon and the original monument to George Washington. The updated apartment features 3 bedrooms and 2 full baths. In-laid hardwood flooring extends throughout the unit, which includes a large dining room and a double living room with a decorative fireplace. High ceilings and floor-to-ceiling windows are present. A large storage room is located in the lower level. The property is situated within close distance to Penn Station, historic mansions, fine restaurants, the Baltimore Symphony Orchestra, The Walters Art Gallery, Peabody Institute, and Center Stage. Taxes are included in the coop fee, and a 24-hour door person is provided.
Key Highlights
- Unparalleled views of Mount Vernon and the original Washington Monument.
- Located in a historic Beaux Arts building.
- Boasts 3 bedrooms and 2 full bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,852
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,040
$537.0K
Cap Rate 7%
$383,600
$383.6K
Cap Rate 9%
$298,356
$298.4K
Market Conditions
NOI Build-Up for 2,061 SF
Gross rent
$51.9K $25.20/SF
− Vacancy
−$3.1K −$1.51/SF
EGI
$48.8K $23.69/SF
− OpEx
−$22.0K −$10.66/SF
NOI
$26.9K $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%
$537,040
Cap Rate 7%
$383,600
Cap Rate 9%
$298,356
Alternative Uses
Best Use
Apartment 5plus
$383.6K
$335.7K – $447.5K
NOI $26,852 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$493.8K
$432.0K – $576.1K
NOI $34,563 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
8,539
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated 3-bedroom apartment with views and historic charm.
Where is this apartment building located?
The property is located at 700 WASHINGTON PLACE Unit 2D Baltimore, MD.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Unparalleled views of Mount Vernon and the original Washington Monument.; Located in a historic Beaux Arts building.; Boasts 3 bedrooms and 2 full bathrooms.
