Two-Bedroom Residential Income
850 ALICEANNA STREET Unit 305, Baltimore, MD 21202
For Sale
$449,000
Furnished corner residence with two same-level parking spaces in a boutique condominium near Baltimore’s waterfront.
Property Size1,580 SF
Price / SF$284.18
Days on Market101
Property Features for 850 ALICEANNA STREET Unit 305
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Monument Sotheby's International Realty
Listed By:
Holly D Winfield · License MD #36089
(443) 927-6443
Source:
Genedru
Added: Aug 3
Changed: Nov 2
Last Checked: Nov 10 at 8:35AM
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
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Investment Insights
Based on property information with market context.
This 1,580-square-foot corner condominium at Eight50 Aliceanna has two bedrooms and two bathrooms. The residence is furnished and features concrete ceilings, exposed ductwork, hardwood floors, and extensive windows. Its open living and dining areas connect to a kitchen with granite countertops, stainless steel appliances, and custom cabinetry. Two parking spaces are located on the residence’s level. The building was constructed in 2007 and provides secure access.
The property is at 850 Aliceanna Street in Baltimore, within Harbor East. Nearby destinations include restaurants, shops, Whole Foods, Starbucks, the waterfront promenade, and the Inner Harbor. The condominium fee covers heating, air conditioning, water, and trash.
The property is at 850 Aliceanna Street in Baltimore, within Harbor East. Nearby destinations include restaurants, shops, Whole Foods, Starbucks, the waterfront promenade, and the Inner Harbor. The condominium fee covers heating, air conditioning, water, and trash.
Key Highlights
- 1,580‑square‑foot corner residence with two bedrooms and two bathrooms
- Furnished unit with two parking spaces on the same level
- Concrete ceilings, exposed ductwork, hardwood floors, and extensive windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,585
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,700
$411.7K
Cap Rate 7%
$294,071
$294.1K
Cap Rate 9%
$228,722
$228.7K
Market Conditions
NOI Build-Up for 1,580 SF
Gross rent
$39.8K $25.20/SF
− Vacancy
−$2.4K −$1.51/SF
EGI
$37.4K $23.69/SF
− OpEx
−$16.8K −$10.66/SF
NOI
$20.6K $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%
$411,700
Cap Rate 7%
$294,071
Cap Rate 9%
$228,722
Alternative Uses
Best Use
Apartment 5plus
$294.1K
$257.3K – $343.1K
NOI $20,585 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$378.5K
$331.2K – $441.6K
NOI $26,497 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,367
Businesses Nearby
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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
$307,700
Median Home Value
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Market
Average Price Trend$/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 - Furnished corner residence with two same-level parking spaces in a boutique condominium near Baltimore’s waterfront.
Where is this residential income property located?
The property is located at 850 ALICEANNA STREET Unit 305 Baltimore, MD.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,580‑square‑foot corner residence with two bedrooms and two bathrooms; Furnished unit with two parking spaces on the same level; Concrete ceilings, exposed ductwork, hardwood floors, and extensive windows
