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One-Bedroom Residential Income Property
For Sale
$314,999

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 Market68

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
Listed By: Holly D Winfield · License #36089
Source: Thehulsmangroup
Added: Aug 6 Changed: Oct 3 Last Checked: Oct 11 at 11:20AM

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.

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 / Yr
$13,380
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
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
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 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 (±1% cap)
NOI $13,380 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$246.0K
$215.3K – $287.1K (±1% cap)
NOI $17,223 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Eight 50 Aliceanna Condominium Complex

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Daycare Center Clothing & Fashion Store Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

4,367
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 $314,999.
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
More about this property
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