Two-Bedroom Residential Income
730 S HANOVER STREET Unit B, Baltimore, MD 21230
For Sale
New
$217,000
The remodeled condo includes in-unit laundry and a private patio.
Property Size870 SF
Days on Market7
Property Features for 730 S HANOVER STREET Unit B
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
private patio
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Gateway LLC
Listed By:
Gabriel M Dutton · License MD #647863
(443) 756-4878
Source:
Thehulsmangroup
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 10 at 2:10PM
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 Keller Williams Gateway LLC
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Investment Insights
Based on property information with market context.
This two-bedroom condo is the largest unit in its building and has been remodeled. An open living and dining area connects to an updated kitchen with stainless steel appliances. Both bedrooms have closet space, and laundry is located within the unit. A private patio extends the living area outdoors.
The property is at 730 S Hanover Street in Baltimore, Maryland. Cross Street Market, Federal Hill Park, and the Inner Harbor are within walking distance, along with restaurants, coffee shops, and nightlife. The building dates to 1900.
The property is at 730 S Hanover Street in Baltimore, Maryland. Cross Street Market, Federal Hill Park, and the Inner Harbor are within walking distance, along with restaurants, coffee shops, and nightlife. The building dates to 1900.
Key Highlights
- Two‑bedroom condo with open living and dining area
- Largest unit in the building
- Updated kitchen with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,335
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,700
$226.7K
Cap Rate 7%
$161,929
$161.9K
Cap Rate 9%
$125,944
$125.9K
Market Conditions
NOI Build-Up for 870 SF
Gross rent
$21.9K $25.20/SF
− Vacancy
−$1.3K −$1.51/SF
EGI
$20.6K $23.69/SF
− OpEx
−$9.3K −$10.66/SF
NOI
$11.3K $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%
$226,700
Cap Rate 7%
$161,929
Cap Rate 9%
$125,944
Alternative Uses
Best Use
Apartment 5plus
$161.9K
$141.7K – $188.9K
NOI $11,335 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.4K
$182.4K – $243.2K
NOI $14,590 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
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 - The remodeled condo includes in-unit laundry and a private patio.
Where is this residential income property located?
The property is located at 730 S HANOVER STREET Unit B Baltimore, MD.
What is the asking price?
The asking price for this property is $217,000.
What are key features of this property?
This property features: Two‑bedroom condo with open living and dining area; Largest unit in the building; Updated kitchen with stainless steel appliances
