Residential Income
New
For Sale
$162,400
723 S CHARLES STREET S Unit 204, Baltimore, MD 21230
The one-bedroom unit pairs an open living area with in-unit laundry and a breakfast space.
Property Size694 SF
Days on Market6
Property Features for 723 S CHARLES STREET S Unit 204
General Information
Standard status
Active
Size
694 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,952
Amenities
hardwood flooring
in-unit washer/dryer
Building Details
Building Size
694 SF
Year Built
1984
Listing Agency:
Redfin Corp
Listed By:
Seth M Shapero · License #605531
(301) 758-1606
Source:
Thehulsmangroup
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 6 at 2:41AM
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 Redfin Corp
Investment Insights
Based on property information with market context.
Built in 1984, this one-bedroom, one-bathroom condominium has an open layout connecting the living and dining areas with the kitchen. Hardwood flooring, large windows, a breakfast area, and in-unit washer and dryer are among its features. The bedroom includes closet space, and the windows provide views of the surrounding city.
The property is at 723 S Charles Street in Baltimore’s Federal Hill neighborhood. Cross Street Market and Federal Hill Park are nearby, with access to the Inner Harbor, downtown Baltimore, I-95, and Port Covington/Baltimore Peninsula. Restaurants, shops, parks, and entertainment are also present in the neighborhood.
The property is at 723 S Charles Street in Baltimore’s Federal Hill neighborhood. Cross Street Market and Federal Hill Park are nearby, with access to the Inner Harbor, downtown Baltimore, I-95, and Port Covington/Baltimore Peninsula. Restaurants, shops, parks, and entertainment are also present in the neighborhood.
Key Highlights
- One‑bedroom, one‑bathroom condominium, built in 1984
- Open living and dining layout with hardwood flooring
- Kitchen includes a breakfast area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,042
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,840
$180.8K
Cap Rate 7%
$129,171
$129.2K
Cap Rate 9%
$100,467
$100.5K
Market Conditions
NOI Build-Up for 694 SF
Gross rent
$17.5K $25.20/SF
− Vacancy
−$1.0K −$1.51/SF
EGI
$16.4K $23.69/SF
− OpEx
−$7.4K −$10.66/SF
NOI
$9.0K $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%
$180,840
Cap Rate 7%
$129,171
Cap Rate 9%
$100,467
Alternative Uses
Best Use
Apartment 5plus
$129.2K
$113.0K – $150.7K
NOI $9,042 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$166.3K
$145.5K – $194.0K
NOI $11,638 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6,994
Businesses Nearby
Explore this area
Business Placement
Demographics for 21230, MD
36,660
Population
18,070
Households
2
Avg Household Size
33
Median Age
59%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
5,819
Density / Sq Mi
$94,164
Median Household Income
$69,973
Median Earnings
$1,771
Median Rent
$327,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom unit pairs an open living area with in-unit laundry and a breakfast space.
Where is this residential income property located?
The property is located at 723 S CHARLES STREET S Unit 204 Baltimore, MD.
What is the asking price?
The asking price for this property is $162,400.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom condominium, built in 1984; Open living and dining layout with hardwood flooring; Kitchen includes a breakfast area
