Residential Income
New
For Sale
$265,000
880 WASHINGTON BOULEVARD, Baltimore, MD 21230
The property has central air conditioning and an electric water heater.
Property Size1,850 SF
Price / SF$143.24
Days on Market4
Property Features for 880 WASHINGTON BOULEVARD
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Residential Income
Zoning
R
Taxes and HOA fees
Annual Taxes
$4,701
Amenities
Central Air, Electric
Electric, Central
Electric Water Heater
On Street
Side-by-Side
Building Details
Building Size
1,850 SF
Year Built
1875
Listed By:
Selim Demirkan
(301) 752-6688
Source:
Evrealestate
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 11 at 6:20AM
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 Selim Demirkan
Investment Insights
Based on property information with market context.
Located at 880 Washington Boulevard in Baltimore, this residential income property was built in 1875. Interior features include central air conditioning and an electric water heater, with electric service also noted. On-street parking is listed among the exterior features.
Key Highlights
- Built in 1875
- Central air conditioning
- Electric water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,103
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,060
$482.1K
Cap Rate 7%
$344,329
$344.3K
Cap Rate 9%
$267,811
$267.8K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$46.6K $25.20/SF
− Vacancy
−$2.8K −$1.51/SF
EGI
$43.8K $23.69/SF
− OpEx
−$19.7K −$10.66/SF
NOI
$24.1K $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%
$482,060
Cap Rate 7%
$344,329
Cap Rate 9%
$267,811
Alternative Uses
Best Use
Apartment 5plus
$344.3K
$301.3K – $401.7K
NOI $24,103 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.2K
$387.8K – $517.1K
NOI $31,025 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,614
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The property has central air conditioning and an electric water heater.
Where is this residential income property located?
The property is located at 880 WASHINGTON BOULEVARD Baltimore, MD.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Built in 1875; Central air conditioning; Electric water heater
