One-Bedroom
723 S CHARLES STREET S Unit 204, Baltimore, MD 21230
For Sale
$162,400
An in-unit washer and dryer complements an open layout with a separate breakfast area.
Property Size694 SF
Days on Market41
Property Features for 723 S CHARLES STREET S Unit 204
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Redfin Corp
Listed By:
Seth M Shapero · License MD #605531
(301) 758-1606
Source:
Thehulsmangroup
Added: Oct 2
Changed: Nov 5
Last Checked: Nov 10 at 7:27PM
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
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Investment Insights
Based on property information with market context.
This 1-bedroom, 1-bathroom condominium at 723 S Charles Street, Unit 204, was built in 1984. Its open floor plan connects the living and dining areas with a kitchen that includes a breakfast area. Hardwood flooring, large windows, city views, and in-unit laundry are additional features. The bedroom includes closet space.
The condominium is in Baltimore’s Federal Hill neighborhood, near Cross Street Market and Federal Hill Park. The location also provides access to the Inner Harbor, downtown Baltimore, I-95, and Port Covington/Baltimore Peninsula.
The condominium is in Baltimore’s Federal Hill neighborhood, near Cross Street Market and Federal Hill Park. The location also provides access to the Inner Harbor, downtown Baltimore, I-95, and Port Covington/Baltimore Peninsula.
Key Highlights
- 1‑bedroom, 1‑bathroom condominium
- Built in 1984
- Open floor plan with living and dining areas
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.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
6,994
Businesses Nearby
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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
$327,700
Median Home Value
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Market
Average Price Trend$/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 - An in-unit washer and dryer complements an open layout with a separate breakfast area.
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: 1‑bedroom, 1‑bathroom condominium; Built in 1984; Open floor plan with living and dining areas
