One-Bedroom Income
For Sale
$185,000
Pending
730 S HANOVER STREET Unit C, Baltimore, MD 21230
Updated apartment with stainless appliances, granite counters, an open living area, and a private rear patio.
Property Size698 SF
Days on Market34
Property Features for 730 S HANOVER STREET Unit C
General Information
Standard status
Pending
Size
698 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,295
Amenities
private rear patio
stainless steel appliances
granite countertops
city views
Building Details
Building Size
698 SF
Year Built
1900
Listing Agency:
Keller Williams Gateway LLC
Listed By:
Gabriel M Dutton · License #647863
(443) 756-4878
Source:
Thehulsmangroup
Added: Sep 3
Changed: Oct 3
Last Checked: Oct 5 at 9:14PM
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
Investment Insights
Based on property information with market context.
This one-bedroom apartment combines a practical open layout with refreshed interior finishes. Recent improvements include fresh paint, stainless steel kitchen appliances, and granite countertops. The generous bedroom and airy living area provide a comfortable residential configuration, while a private rear patio adds dedicated outdoor space. City views extend the apartment’s living environment beyond the interior.
Located at 730 S. Hanover Street in Baltimore’s Federal Hill neighborhood, the property is within walking distance of Cross Street Market, waterfront parks, rooftop dining, and local restaurants. Federal Hill Park is nearby and offers views toward the Inner Harbor. Access to I-95, I-395, and downtown Baltimore supports commuting throughout the city. The building dates to 1900.
Located at 730 S. Hanover Street in Baltimore’s Federal Hill neighborhood, the property is within walking distance of Cross Street Market, waterfront parks, rooftop dining, and local restaurants. Federal Hill Park is nearby and offers views toward the Inner Harbor. Access to I-95, I-395, and downtown Baltimore supports commuting throughout the city. The building dates to 1900.
Key Highlights
- One‑bedroom apartment with an open living layout
- Stainless steel kitchen appliances and granite countertops
- Private rear patio with city views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,094
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,880
$181.9K
Cap Rate 7%
$129,914
$129.9K
Cap Rate 9%
$101,044
$101.0K
Market Conditions
NOI Build-Up for 698 SF
Gross rent
$17.6K $25.20/SF
− Vacancy
−$1.1K −$1.51/SF
EGI
$16.5K $23.69/SF
− OpEx
−$7.4K −$10.66/SF
NOI
$9.1K $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%
$181,880
Cap Rate 7%
$129,914
Cap Rate 9%
$101,044
Alternative Uses
Best Use
Apartment 5plus
$129.9K
$113.7K – $151.6K
NOI $9,094 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$167.2K
$146.3K – $195.1K
NOI $11,705 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Updated apartment with stainless appliances, granite counters, an open living area, and a private rear patio.
Where is this residential income property located?
The property is located at 730 S HANOVER STREET Unit C Baltimore, MD.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: One‑bedroom apartment with an open living layout; Stainless steel kitchen appliances and granite countertops; Private rear patio with city views
