Versatile Mixed-Use Property in
404 ALLEGHENY Avenue, Towson, MD 21204
New
MULTI_FAMILY - Colonial - TOWSON, MD
Property size:
2,998 SFLot size:
0.17 AcresPrice / SF:
$216/SF- Added:
- May 23, 2026
- Days on Market:
- 1
- Last Refresh:
- May 23 at 5:06 pm
Property Features for 404 ALLEGHENY Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement, Dining Room
- Parking
- 2
- Parking features
- Driveway, Garage - Detached, Fenced
- Interior features
- Additional Stairway, Carpet, Ceiling Fan(s), Dining Area, Floor Plan - Traditional, Kitchen - Galley, Pantry, Recessed Lighting, Wood Floors
- Fireplace
- 1
- Appliances
- Dishwasher, Dual Flush Toilets, Dryer - Electric, Exhaust Fan, Icemaker, Microwave, Oven/Range - Gas, Refrigerator
- Standard status
- Active
- Size
- 2,998 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6004
Utilities
- Heating system
- Heat Pump (Heating), Solar (Heating)
- Cooling system
- Ductless, Central Air
Building Details
- Year built
- 1930
- Number of units
- 1
- Building materials
- Stucco
- Architectural style
- Colonial
Listing agent Mary E Lapides License #52549 (410) 804-6379
Listing office Cummings & Co Realtors 1515 La Belle Avenue unit: 5, Baltimore, MD (410) 823-0033
Listing date May 23, 2026
MLS# MDBC2164036
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.
HighLights
- Assumable VA mortgage with approximately 2.9% interest rate for qualified owner‑occupant buyers (subject to lender approval).
- Mixed‑use zoning allowing residential, office, and additional flexibility.
- Unique layout with separate upper and lower living areas ideal for multi‑generational living, work‑from‑home, or live/work.
- Parking for up to 8 vehicles plus a detached 2‑car garage.
- Solar panel system for energy efficiency and EV charging stations.
- Generous square footage with adaptable room configurations and a large yard.
Overview
Located in Towson, MD, 404 W Allegheny Ave is a versatile property currently used as a residence. The property features a unique layout with separate upper and lower living areas, making it suitable for multi-generational living, extended family arrangements, guest space, a private work-from-home setup, or live/work flexibility. The property has mixed-use zoning, allowing for residential, office, and additional flexibility. It includes a solar panel system for energy efficiency and EV charging stations. Parking is available for up to 8 vehicles, along with a detached 2-car garage. The property also features 2 gas fireplaces and a large yard. The property offers approximately 2998 square feet of space with adaptable room configurations. Situated on a lot of approximately 0.1722 acres, this property is near major commuter routes, shopping, and local amenities. An assumable VA mortgage with an approximate 2.9% interest rate is available for qualified owner-occupant buyers, subject to lender approval.
Financial Insights
Value Estimation Calculated for Mixed Use
Conservative
$468.5K
NOI $42,169 @ 9.00% cap · cautious / downside scenario
Moderate
$602.4K
NOI $42,169 @ 7.00% cap · market / base-case scenario
Aggressive
$843.4K
NOI $42,169 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Mixed Use
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.2k | $26.76 |
| − Vacancy | −$12.8k | −$4.25 |
| EGI | $67.5k | $22.51 |
| − OpEx | −$25.3k | −$8.44 |
| NOI | $42.2k | $14.07 |
2,998 SF · lease $26.76/SF/yr · vacancy 15.90% · expense 37.50%
Alternative Use Scenarios
Best Use
Mixed Use
$602.4K
$527.1K – $702.8K
NOI $42,169 @ 7.0% cap · market cap 6.49%
Second Best
Office B
$300.3K
$262.7K – $350.3K
NOI $21,019 @ 7.0% cap · market cap 3.23%
Theoretical Best
Multifamily LT 5
$29.09M
$25.45M – $33.93M
NOI $2,036,055 @ 7.0% cap · market cap 313.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Location Insight
- Map
- Local Demand
- City
- Towson
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.610234
- Latitude
- 39.4025821
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Spacious property with flexible layout, mixed-use zoning, and ample parking.
Where is this mixed-use property located?
The property is located at 404 ALLEGHENY Avenue Towson, MD.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Assumable VA mortgage with approximately 2.9% interest rate for qualified owner‑occupant buyers (subject to lender approval).; Mixed‑use zoning allowing residential, office, and additional flexibility.; Unique layout with separate upper and lower living areas ideal for multi‑generational living, work‑from‑home, or live/work.
