Mixed-Use Storefront and
For Sale
$624,500
225 - 227 W READ Street, Baltimore, MD 21201
MULTI_FAMILY - BALTIMORE, MD
Property Size3,600 SF
Lot Size0.03 Acres
Price / SF$173.47
Days on Market154
Property Features for 225 - 227 W READ Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Size
3,600 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
9320
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1900
Number of units
1
Building materials
Brick
Listing Agency:
Redfin Corp
(301) 658-6186
Listed By:
Bryan Carnaggio · License #677096
(443) 617-6592
Added: Feb 26
Changed: Jul 15
Last Checked: Jul 30 at 5:06PM
MLS# MDBA2204120
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 for-sale mixed-use property at 225–227 W READ Street is registered as 1 parcel and features 3 stories of combined commercial and residential space. Unit 225 is the street-level commercial ground floor portion and is occupied by a long-term, established tenant. Unit 227 comprises the top 2 floors as the residential space, with a separate entrance.
Upstairs, the apartment is a spacious 3-bedroom, 2-bath layout. The property is described as well-maintained and income-producing based on the existing occupancy.
The configuration supports true dual functionality with separate unit identities for the commercial suite and the upstairs residence, providing a straightforward ownership structure for an investor seeking both rental income streams within the same building.
Upstairs, the apartment is a spacious 3-bedroom, 2-bath layout. The property is described as well-maintained and income-producing based on the existing occupancy.
The configuration supports true dual functionality with separate unit identities for the commercial suite and the upstairs residence, providing a straightforward ownership structure for an investor seeking both rental income streams within the same building.
Key Highlights
- Immediate ROI with zero vacancy at closing.
- Income‑producing mixed‑use property with stable commercial and premium residential units.
- Long‑term, established commercial tenant in a high‑visibility location.
Financial Insights For Retail
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 | $77.8k | $21.60 |
| − Vacancy | −$5.0k | −$1.38 |
| EGI | $72.8k | $20.22 |
| − OpEx | −$21.8k | −$6.07 |
| NOI | $51.0k | $14.15 |
3,600 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$727.9K
$636.9K – $849.2K
NOI $50,954 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$670.0K
$586.3K – $781.7K
NOI $46,902 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$862.5K
$754.7K – $1.01M
NOI $60,372 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,545
Businesses Nearby
Explore this area
Business Placement
Demographics for 21201, MD
18,382
Population
11,468
Households
1.6
Avg Household Size
34
Median Age
47%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
14,140
Density / Sq Mi
$44,722
Median Household Income
$44,239
Median Earnings
$1,282
Median Rent
$221,900
Median Home Value
Market
Properties on Market for Residential income properties in Baltimore
Vacancy Rate% for Retail in Baltimore, MD
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Three-story mixed-use property with a street-level commercial suite and an upstairs 3-bedroom, 2-bath apartment.
Where is this residential income property located?
The property is located at 225 - 227 W READ Street Baltimore, MD.
What is the asking price?
The asking price for this property is $624,500.
What are key features of this property?
This property features: Immediate ROI with zero vacancy at closing.; Income‑producing mixed‑use property with stable commercial and premium residential units.; Long‑term, established commercial tenant in a high‑visibility location.
