Property profile

1820 Spence St Baltimore, MD 21230

OFF-MARKET
Apartment buildings
Property ID
US40-1402206
74,055 SF 1.07 ac lot Built 1980
Entity Owned 7-yr Hold
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1980
Construction BRICK
Total area 74,055 SF
Lot 1.07 ac (46,653 SF)
Zoning code R-6
APN 25-03-7803 -005
UPID US40-1402206

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building
  • Crisis Center Medical Clinic
  • High School Daycare Center

Location

1820 Spence St Baltimore, MD 21230-1355
Baltimore metro Census 250303 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.45M
Blend (final) Blend
$6.49M

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2012
$5.2M
1969
Price N/A

Zoning & alternative use

R-6 · Baltimore, MD
Zoning description

The R-6 Garden Rowhouse Residential Zoning District is intended for primarily low density rowhouse neighborhoods that reflect a naturalistic environment typified by open and landscaped front yards of buildings that are s…

General category RESIDENTIAL
Top alternative use upside
Medical building $10.8M +12.4%
Retail stores $10.3M +7.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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