Three-Unit Apartment
New
For Sale
$525,000
1106 Oak Avenue, Baltimore, MD 21221
Three independent residences each have a private entrance, full kitchen, and dedicated laundry area.
Property Size2,224 SF
Lot Size0.34 Acres
Price / SF$236.06
Days on Market2
Property Features for 1106 Oak Avenue
General Information
Standard status
Active
Size
2,224 SF
Lot size
0.34 Acres
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR, 1 x 1BR+den
Multifamily Units
3
Amenities
storage sheds
Building Details
Year Built
1963
Listing Agency:
Corner House Realty
Listed By:
Paula Scharf · License #3297326
(443) 889-1118
Source:
Enggarcia
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:31AM
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 Corner House Realty
Investment Insights
Based on property information with market context.
This 2,224-square-foot triplex contains three separate apartments, each with a private entrance, full kitchen, and laundry area. The first- and second-floor units have two bedrooms apiece; the basement apartment has one bedroom and a den. All three apartments include updated bathrooms. The property was built in 1963 and occupies a 15,000-square-foot lot with a driveway and three storage sheds.
Route 702 and I-695 are nearby, providing connections for regional travel. The Oak Avenue address is in Baltimore, Maryland.
Route 702 and I-695 are nearby, providing connections for regional travel. The Oak Avenue address is in Baltimore, Maryland.
Key Highlights
- Three apartments, each with a private entrance, full kitchen, and laundry area
- Two upper‑floor units have 2 bedrooms each; basement apartment has 1 bedroom and a den
- All three units have updated bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,660
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,200
$653.2K
Cap Rate 7%
$466,571
$466.6K
Cap Rate 9%
$362,889
$362.9K
Market Conditions
NOI Build-Up for 2,224 SF
Gross rent
$49.4K $22.20/SF
− Vacancy
−$2.7K −$1.22/SF
EGI
$46.7K $20.98/SF
− OpEx
−$14.0K −$6.29/SF
NOI
$32.7K $14.69/SF
Area
Baltimore, MD
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,200
Cap Rate 7%
$466,571
Cap Rate 9%
$362,889
Alternative Uses
Best Use
Multifamily LT 5
$466.6K
$408.3K – $544.3K
NOI $32,660 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$413.9K
$362.2K – $482.9K
NOI $28,975 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$532.8K
$466.2K – $621.6K
NOI $37,297 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Explore this area
Business Placement
Demographics for 21221, MD
43,381
Population
18,364
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
15.0 sq mi
ZIP Area
2,892
Density / Sq Mi
$67,368
Median Household Income
$44,416
Median Earnings
$1,305
Median Rent
$266,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three independent residences each have a private entrance, full kitchen, and dedicated laundry area.
Where is this triplex located?
The property is located at 1106 Oak 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: Three apartments, each with a private entrance, full kitchen, and laundry area; Two upper‑floor units have 2 bedrooms each; basement apartment has 1 bedroom and a den; All three units have updated bathrooms
