Remodeled Four-Unit Building with
For Sale
$565,000
Pending
2330 BRYANT Ave, Baltimore, MD 21217
Turnkey, renovated four-unit building with garage parking in Baltimore.
Property Size2,584 SF
Days on Market146
Property Features for 2330 BRYANT Ave
General Information
Standard status
Pending
Size
2,584 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$2,171
Building Details
Building Size
2,584 SF
Year Built
1920
Units
4
Listed By:
Karim J. Harried
(443) 653-3390
Source:
Elliman
Added: Apr 24
Changed: Sep 11
Last Checked: Sep 15 at 8:18AM
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 Karim J. Harried
Investment Insights
Based on property information with market context.
This is a completely remodeled, turnkey four-unit building. Each unit includes a full-size washer/dryer connection and private garage parking. The property is located in a highly sought-after location. The building has been completely renovated from top to bottom. The unit mix includes a one-bedroom/one-bath unit, a one-bedroom/one-bath unit, a three-bedroom/two-bath unit with a master bedroom suite, a private bathroom, and a deck overlooking the park and conservatory, and a two-bedroom/one-bath unit. The top-floor unit is open and spacious. The property has a bike score of 52, indicating it is bikeable. The walk score is 76, indicating it is very walkable. The transit score is 78, indicating excellent transit options.
Key Highlights
- Completely remodeled, turnkey 4‑unit building.
- Private garage parking for each unit.
- Enjoy the convenience of a full‑size washer/dryer connection in each unit.
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
$37,947
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
6.72%
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%
$758,940
$758.9K
Cap Rate 7%
$542,100
$542.1K
Cap Rate 9%
$421,633
$421.6K
Market Conditions
NOI Build-Up for 2,584 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
$57.4K $22.20/SF
− Vacancy
−$3.2K −$1.22/SF
EGI
$54.2K $20.98/SF
− OpEx
−$16.3K −$6.29/SF
NOI
$37.9K $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%
$758,940
Cap Rate 7%
$542,100
Cap Rate 9%
$421,633
Alternative Uses
Best Use
Multifamily LT 5
$542.1K
$474.3K – $632.5K
NOI $37,947 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$480.9K
$420.8K – $561.1K
NOI $33,665 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$619.1K
$541.7K – $722.2K
NOI $43,334 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 21217, MD
30,448
Population
20,064
Households
1.5
Avg Household Size
38
Median Age
22%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
14,499
Density / Sq Mi
$37,207
Median Household Income
$40,668
Median Earnings
$1,065
Median Rent
$175,900
Median Home Value
Check the figures for this property
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?
Quadplex - Turnkey, renovated four-unit building with garage parking in Baltimore.
Where is this quadplex located?
The property is located at 2330 BRYANT Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Completely remodeled, turnkey 4‑unit building.; Private garage parking for each unit.; Enjoy the convenience of a full‑size washer/dryer connection in each unit.
