One-Bedroom Residential Income
For Sale
$319,999
850 ALICEANNA STREET Unit 301, Baltimore, MD 21202
Loft-style condominium residence with high ceilings, abundant windows, and dedicated same-level parking.
Property Size1,027 SF
Days on Market16
Property Features for 850 ALICEANNA STREET Unit 301
General Information
Standard status
Active
Size
1,027 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,301
Building Details
Building Size
1,027 SF
Year Built
2007
Listing Agency:
Monument Sotheby's International Realty
(443) 927-6443
Listed By:
Holly D Winfield · License #36089
(443) 927-6443
Source:
Thehulsmangroup
Added: Aug 6
Changed: Aug 20
Last Checked: Aug 21 at 10:12AM
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 Monument Sotheby's International Realty
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium residence provides more than 1,000 square feet in an open loft-style layout. The interior includes hardwood flooring, high ceilings, extensive windows, a living and dining area, and a kitchen equipped with stainless steel appliances, granite countertops, and a breakfast bar. The bedroom offers two closets, while the bathroom includes a walk-in shower. A dedicated parking space is located on the same level as the residence.
Built in 2007, the property is located at 850 Aliceanna Street in Baltimore’s Harbor East. Restaurants, waterfront access, shopping, Whole Foods, Starbucks, and the Inner Harbor are identified as nearby amenities. The condominium fee covers heating, air conditioning, water, and trash.
Built in 2007, the property is located at 850 Aliceanna Street in Baltimore’s Harbor East. Restaurants, waterfront access, shopping, Whole Foods, Starbucks, and the Inner Harbor are identified as nearby amenities. The condominium fee covers heating, air conditioning, water, and trash.
Key Highlights
- More than 1,000 square feet with one bedroom and one bath
- High ceilings, hardwood flooring, and extensive windows
- Kitchen with stainless steel appliances, granite countertops, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,380
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$267,600
$267.6K
Cap Rate 7%
$191,143
$191.1K
Cap Rate 9%
$148,667
$148.7K
Market Conditions
NOI Build-Up for 1,027 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.9K $25.20/SF
− Vacancy
−$1.6K −$1.51/SF
EGI
$24.3K $23.69/SF
− OpEx
−$10.9K −$10.66/SF
NOI
$13.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$267,600
Cap Rate 7%
$191,143
Cap Rate 9%
$148,667
Alternative Uses
Best Use
Apartment 5plus
$191.1K
$167.3K – $223.0K
NOI $13,380 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$246.0K
$215.3K – $287.1K
NOI $17,223 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,367
Businesses Nearby
Explore this area
Business Placement
Demographics for 21202, MD
22,247
Population
12,731
Households
1.7
Avg Household Size
33
Median Age
48%
College-Educated
86%
High-School Grad
1.6 sq mi
ZIP Area
13,904
Density / Sq Mi
$61,578
Median Household Income
$53,609
Median Earnings
$1,497
Median Rent
$307,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Loft-style condominium residence with high ceilings, abundant windows, and dedicated same-level parking.
Where is this residential income property located?
The property is located at 850 ALICEANNA STREET Unit 301 Baltimore, MD.
What is the asking price?
The asking price for this property is $319,999.
What are key features of this property?
This property features: More than 1,000 square feet with one bedroom and one bath; High ceilings, hardwood flooring, and extensive windows; Kitchen with stainless steel appliances, granite countertops, and breakfast bar
