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Three-Unit Residential Income Property

2202 BROOKFIELD Avenue Baltimore, MD 21217

2202 BROOKFIELD Avenue, Baltimore, MD, 21217
$525,000
For Sale
Claim this Listing
$525,000

MULTI_FAMILY - Other - BALTIMORE, MD

Property Size3,060 SF
Lot Size0.20 Acres
Price / SF$171.57
AddedJul 8
Days on Market8
Last RefreshJul 15 at 10:06 am

Property Features for 2202 BROOKFIELD Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street, Alley, Off Street
Standard status
Active
Size
3,060 SF
Lot size
0.20 Acres

Taxes and HOA fees

Tax Annual Amount
6195

Utilities

Heating system
Heat Pump (Heating)

Building Details

Year built
1911
Number of units
3
Building materials
Brick
Architectural style
Other

Listing agent Mark V Ellington License #525313

Listing office Keller Williams Capital Properties 519 C Street, WASHINGTON, MD

Listing date Jul 8, 2026

MLS# MDBA2222682 Listing URL

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This three-unit residential income property includes three separate units, each configured as a 2-bedroom, 1-bath layout. The property is described as being in good shape and presented as turnkey. Public remarks indicate the units are fully occupied and currently all on vouchers. The seller also notes that documents and licenses are certified, including lead certifications.

The property is located at 2202 BROOKFIELD Avenue in Baltimore, Maryland 21217, in Baltimore City.

As presented, the offering qualifies as a residential purchase with FHA and VA financing available, along with conventional and cash options, per the public remarks.

Key Highlights

  • 3‑unit multi‑family property with all units currently fully occupied
  • All units have 2BR and 1BA layouts
  • Brick construction with heat pump heating

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $67.9k $22.20
− Vacancy −$3.7k −$1.22
EGI $64.2k $20.98
− OpEx −$19.3k −$6.29
NOI $44.9k $14.69
3,060 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$642.0K
$561.7K – $749.0K (±1% cap)
NOI $44,937 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$569.5K
$498.3K – $664.5K (±1% cap)
NOI $39,867 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$733.1K
$641.5K – $855.3K (±1% cap)
NOI $51,316 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Electrical Service Real Estate Agency Home Appliance Store Pet Grooming Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Plumbing Service Tech Support Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Three-unit building with all 2-bedroom, 1-bath units, fully occupied and currently on vouchers.
Where is this triplex located?
The property is located at 2202 BROOKFIELD Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3‑unit multi‑family property with all units currently fully occupied; All units have 2BR and 1BA layouts; Brick construction with heat pump heating
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