Renovated Residential Income
700 WASHINGTON PLACE Unit 3A, Baltimore, MD 21201
For Sale
$695,000
A three-bedroom co-op with expansive windows, architectural details, and a 2020 renovation.
Property Size2,061 SF
Price / SF$337.21
Days on Market124
Property Features for 700 WASHINGTON PLACE Unit 3A
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Amenities
concierge service
24-hour door attendants
daily trash/recycling service
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
Homewise Realty Services, LLC
Listed By:
Ross Levin · License MD #599619
(240) 888-1847
Source:
Genedru
Added: Jul 11
Changed: Nov 3
Last Checked: Nov 10 at 8:33AM
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 Homewise Realty Services, LLC
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Investment Insights
Based on property information with market context.
This 2,061-square-foot, three-bedroom, two-bathroom co-op occupies a residential building constructed in 1906. Renovated in 2020, the unit combines an open layout with high ceilings, floor-to-ceiling windows, inlaid hardwood floors, and original architectural details. The kitchen and spacious bedrooms complement views of the Washington Monument. One separately deeded parking space is available.
The property is at 700 Washington Place in Baltimore. Restaurants, cafes, museums, Penn Station, downtown, and major commuter routes are nearby. Building services include a 24-hour concierge and door attendants. The co-op fee covers taxes, water, heat, and daily trash and recycling service.
The property is at 700 Washington Place in Baltimore. Restaurants, cafes, museums, Penn Station, downtown, and major commuter routes are nearby. Building services include a 24-hour concierge and door attendants. The co-op fee covers taxes, water, heat, and daily trash and recycling service.
Key Highlights
- 2,061‑square‑foot co‑op with 3 bedrooms and 2 bathrooms
- Renovated in 2020; building dates to 1906
- Floor‑to‑ceiling windows offer views of the Washington Monument
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,852
Cap Rate
3.86%
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 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$493.8K
$432.0K – $576.1K
NOI $34,563 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Utilities to site
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
$221,900
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Baltimore, MD
Properties on Market for Residential income properties in Baltimore
Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom co-op with expansive windows, architectural details, and a 2020 renovation.
Where is this residential income property located?
The property is located at 700 WASHINGTON PLACE Unit 3A Baltimore, MD.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 2,061‑square‑foot co‑op with 3 bedrooms and 2 bathrooms; Renovated in 2020; building dates to 1906; Floor‑to‑ceiling windows offer views of the Washington Monument
