First-Level Residential Income
For Sale
$179,900
8901 STONE CREEK PLACE Unit 104, Baltimore, MD 21208
Two-bedroom condominium with an open layout, private patio, fireplace, and dedicated laundry room.
Property Size1,208 SF
Days on Market48
Property Features for 8901 STONE CREEK PLACE Unit 104
General Information
Standard status
Active
Size
1,208 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
diamond in the rough
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,536
Amenities
fireplace
separate laundry room
patio
Building Details
Building Size
1,208 SF
Year Built
2000
Listing Agency:
E Squared Real Estate Services
Listed By:
Eugene O. Elias, Jr. · License #598099
(443) 506-7210
Source:
Thehulsmangroup
Added: Aug 21
Changed: Oct 3
Last Checked: Oct 6 at 12:18AM
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 E Squared Real Estate Services
Investment Insights
Based on property information with market context.
Located at 8901 Stone Creek Place, Unit 104, this first-level condominium offers two bedrooms and two full bathrooms within an open floor plan. The residence also includes a fireplace, separate laundry room, and patio. Built in 2000, the property presents a residential income asset with interior features suited to updating and enhancement.
The property is in Pikesville, Maryland, with access to I-695, I-795, and I-70. Its first-level positioning and combination of private outdoor space, in-unit laundry, and two full bathrooms provide a practical configuration for residential occupancy.
The property is in Pikesville, Maryland, with access to I-695, I-795, and I-70. Its first-level positioning and combination of private outdoor space, in-unit laundry, and two full bathrooms provide a practical configuration for residential occupancy.
Key Highlights
- First‑level condominium at 8901 Stone Creek Place, Unit 104
- Two bedrooms and 2 full bathrooms
- Open floor plan with fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,738
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,760
$314.8K
Cap Rate 7%
$224,829
$224.8K
Cap Rate 9%
$174,867
$174.9K
Market Conditions
NOI Build-Up for 1,208 SF
Gross rent
$30.4K $25.20/SF
− Vacancy
−$1.8K −$1.51/SF
EGI
$28.6K $23.69/SF
− OpEx
−$12.9K −$10.66/SF
NOI
$15.7K $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%
$314,760
Cap Rate 7%
$224,829
Cap Rate 9%
$174,867
Alternative Uses
Best Use
Apartment 5plus
$224.8K
$196.7K – $262.3K
NOI $15,738 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$289.4K
$253.2K – $337.6K
NOI $20,258 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 21208, MD
35,007
Population
16,397
Households
2.1
Avg Household Size
46
Median Age
49%
College-Educated
94%
High-School Grad
12.6 sq mi
ZIP Area
2,778
Density / Sq Mi
$90,822
Median Household Income
$55,620
Median Earnings
$1,672
Median Rent
$313,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with an open layout, private patio, fireplace, and dedicated laundry room.
Where is this residential income property located?
The property is located at 8901 STONE CREEK PLACE Unit 104 Baltimore, MD.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: First‑level condominium at 8901 Stone Creek Place, Unit 104; Two bedrooms and 2 full bathrooms; Open floor plan with fireplace
