Two-Bedroom Waterfront
960 FELL STREET Unit 202, Baltimore, MD 21231
For Sale
$319,900
The residence includes two garage parking spaces, in-unit laundry, and access to fitness and outdoor recreation amenities.
Property Size1,345 SF
Price / SF$237.84
Days on Market147
Property Features for 960 FELL STREET Unit 202
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry room
24-hour front desk
fitness center
outdoor pool and hot tub
two elevated waterfront courtyards
EV charging stations within the garage
Building Details
Building Size
Year Built
Listing Agency:
Cummings & Co. Realtors
Listed By:
Shaun Elhai · License MD #643893
(443) 255-2052
Source:
Ghimirehomes
Added: Jun 18
Changed: Nov 9
Last Checked: Nov 10 at 5:14PM
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 Cummings & Co. Realtors
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Investment Insights
Based on property information with market context.
This 1,345-square-foot condominium, built in 1993, has two bedrooms and two full bathrooms. Its kitchen has quartz countertops, modern cabinetry, and stainless steel appliances, opening to a combined living and dining area. The primary suite includes a double vanity and glass-enclosed shower. An in-unit laundry room offers additional storage, and the residence comes with two dedicated garage spaces. Recent improvements include a hot water heater and a new washer and dryer.
The home is in Belt’s Landing, a waterfront community in Baltimore’s Fells Point. Building amenities include a 24-hour front desk, fitness center, outdoor pool and hot tub with harbor views, two elevated courtyards, and garage EV charging. Downtown Baltimore, Harbor East, Harbor Point, Canton, Johns Hopkins, and University of Maryland medical campuses are among the nearby destinations. Restaurants, boutiques, a waterfront promenade, and entertainment are also within walking distance.
The home is in Belt’s Landing, a waterfront community in Baltimore’s Fells Point. Building amenities include a 24-hour front desk, fitness center, outdoor pool and hot tub with harbor views, two elevated courtyards, and garage EV charging. Downtown Baltimore, Harbor East, Harbor Point, Canton, Johns Hopkins, and University of Maryland medical campuses are among the nearby destinations. Restaurants, boutiques, a waterfront promenade, and entertainment are also within walking distance.
Key Highlights
- 1,345‑square‑foot condominium with two bedrooms and two full bathrooms
- Two dedicated garage parking spaces
- Kitchen features quartz counters, modern cabinetry, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,523
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,460
$350.5K
Cap Rate 7%
$250,329
$250.3K
Cap Rate 9%
$194,700
$194.7K
Market Conditions
NOI Build-Up for 1,345 SF
Gross rent
$33.9K $25.20/SF
− Vacancy
−$2.0K −$1.51/SF
EGI
$31.9K $23.69/SF
− OpEx
−$14.3K −$10.66/SF
NOI
$17.5K $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%
$350,460
Cap Rate 7%
$250,329
Cap Rate 9%
$194,700
Alternative Uses
Best Use
Apartment 5plus
$250.3K
$219.0K – $292.1K
NOI $17,523 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$322.2K
$282.0K – $375.9K
NOI $22,556 @ 7.0% cap · market cap 7.05%
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
2,543
Businesses Nearby
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Business Placement
Demographics for 21231, MD
17,062
Population
9,342
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
18,958
Density / Sq Mi
$85,382
Median Household Income
$67,289
Median Earnings
$1,710
Median Rent
$336,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes two garage parking spaces, in-unit laundry, and access to fitness and outdoor recreation amenities.
Where is this residential income property located?
The property is located at 960 FELL STREET Unit 202 Baltimore, MD.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 1,345‑square‑foot condominium with two bedrooms and two full bathrooms; Two dedicated garage parking spaces; Kitchen features quartz counters, modern cabinetry, and stainless steel appliances
