Three-Unit Residential
For Sale
$314,900
1309 Linden Ave, Baltimore, MD 21201
Two units are occupied, while a third is vacant for lease-up or owner-directed use.
Property Size1,706 SF
Price / SF$184.58
Days on Market26
Property Features for 1309 Linden Ave
General Information
Standard status
Active
Size
1,706 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,527
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Chad Rawls · License #667814
(443) 928-3810
Source:
Exprealty
Added: Sep 10
Changed: Oct 4
Last Checked: Oct 4 at 1:17PM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1930, this 1,706-square-foot triplex contains three residential units. Two units are currently occupied, including a three-bedroom unit under a one-year lease and Unit A on a month-to-month lease. The remaining unit is vacant and available for a new tenant.
The property is located at 1309 Linden Avenue in Baltimore, Maryland, outside city limits, and is within Baltimore County. Zoning is DR5.5, with Baltimore County Public Schools serving the area.
The property is located at 1309 Linden Avenue in Baltimore, Maryland, outside city limits, and is within Baltimore County. Zoning is DR5.5, with Baltimore County Public Schools serving the area.
Key Highlights
- Three‑unit residential property with 1,706 square feet
- Two units currently occupied; one unit is vacant
- Three‑bedroom unit leased on a one‑year term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,053
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,060
$501.1K
Cap Rate 7%
$357,900
$357.9K
Cap Rate 9%
$278,367
$278.4K
Market Conditions
NOI Build-Up for 1,706 SF
Gross rent
$37.9K $22.20/SF
− Vacancy
−$2.1K −$1.22/SF
EGI
$35.8K $20.98/SF
− OpEx
−$10.7K −$6.29/SF
NOI
$25.1K $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%
$501,060
Cap Rate 7%
$357,900
Cap Rate 9%
$278,367
Alternative Uses
Best Use
Multifamily LT 5
$357.9K
$313.2K – $417.6K
NOI $25,053 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$317.5K
$277.8K – $370.4K
NOI $22,226 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$408.7K
$357.6K – $476.8K
NOI $28,610 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
679
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Two units are occupied, while a third is vacant for lease-up or owner-directed use.
Where is this triplex located?
The property is located at 1309 Linden Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Three‑unit residential property with 1,706 square feet; Two units currently occupied; one unit is vacant; Three‑bedroom unit leased on a one‑year term
