Roland Park Three-Unit
For Sale
$545,000
5009 ROLAND Ave, Baltimore, MD 21210
Three units in desirable Roland Park neighborhood with strong rental demand.
Property Size2,242 SF
Lot Size0.18 Acres
Days on Market165
Property Features for 5009 ROLAND Ave
General Information
Standard status
Active
Size
2,242 SF
Lot size
0.18 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,969
Building Details
Building Size
2,242 SF
Year Built
1900
Units
3
Listing Agency:
Ben Frederick Realty, Inc.
(410) 916-3331
Listed By:
Will A Cannon III · License #649854
(410) 916-3331
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 21 at 11:11AM
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 Ben Frederick Realty, Inc.
Investment Insights
Based on property information with market context.
Located in the Roland Park neighborhood of Baltimore, this three-unit building at 5009 Roland Avenue offers a mix of residential layouts. The property contains one 1-bedroom, 1-bath unit, and two 2-bedroom units, one with 1-bath and the other with 2-baths. Each apartment features updated kitchens with wood cabinetry, laminate counters, and modern appliances. All units include in-unit laundry, hardwood floors, and central air. The location is convenient to Roland Park Elementary/Middle, Loyola University Maryland, Johns Hopkins University, and Notre Dame of Maryland University. The surrounding area includes parks, cafes, and neighborhood amenities. The property is suitable for owner-occupants or investors, with tenants responsible for electric and water/sewer. The property is located in a high-reputation market.
Key Highlights
- Live in Roland Park and offset housing costs with rental income from a three‑unit building.
- Potential for significantly reduced housing costs as an owner‑occupant.
- Strong investment opportunity with a 7.72% cap rate.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,924
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$658,480
$658.5K
Cap Rate 7%
$470,343
$470.3K
Cap Rate 9%
$365,822
$365.8K
Market Conditions
NOI Build-Up for 2,242 SF
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.
Gross rent
$49.8K $22.20/SF
− Vacancy
−$2.7K −$1.22/SF
EGI
$47.0K $20.98/SF
− OpEx
−$14.1K −$6.29/SF
NOI
$32.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$658,480
Cap Rate 7%
$470,343
Cap Rate 9%
$365,822
Alternative Uses
Best Use
Multifamily LT 5
$470.3K
$411.6K – $548.7K
NOI $32,924 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$417.3K
$365.1K – $486.8K
NOI $29,210 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$537.1K
$470.0K – $626.6K
NOI $37,598 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Explore this area
Business Placement
Demographics for 21210, MD
14,441
Population
5,416
Households
2.7
Avg Household Size
32
Median Age
83%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
4,247
Density / Sq Mi
$108,929
Median Household Income
$43,474
Median Earnings
$1,498
Median Rent
$521,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three units in desirable Roland Park neighborhood with strong rental demand.
Where is this triplex located?
The property is located at 5009 ROLAND Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Live in Roland Park and offset housing costs with rental income from a three‑unit building.; Potential for significantly reduced housing costs as an owner‑occupant.; Strong investment opportunity with a 7.72% cap rate.
