Renovated 3-Unit
New
For Sale
$475,000
1340 N MOUNT STREET, Baltimore, MD 21217
The occupied apartments provide a two- and three-bedroom mix, with a washer and dryer in every unit.
Property Size2,800 SF
Price / SF$169.64
Days on Market3
Property Features for 1340 N MOUNT STREET
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
washer and dryer
Building Details
Year Built
1900
Year Renovated
2025
Listing Agency:
Taylor Properties
(301) 970-2447
Listed By:
Nadine N Vassell · License #650258
(240) 508-8708
Source:
Cummingsrealtors
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 2:32PM
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 Taylor Properties
Investment Insights
Based on property information with market context.
This 2,800-square-foot triplex contains three apartments: two with 2 bedrooms and 1 bathroom each, and one with 3 bedrooms and 1 bathroom. All units are occupied. A 2025 renovation included replacement of the roof, electrical, plumbing, and HVAC systems, and each apartment has its own washer and dryer. The building dates to 1900.
Tenants pay their own utilities, and professional property management is in place. The property is in an area with access to major roads, shopping, dining, and public transportation.
Tenants pay their own utilities, and professional property management is in place. The property is in an area with access to major roads, shopping, dining, and public transportation.
Key Highlights
- Three occupied units: two 2‑bedroom/1‑bath apartments and one 3‑bedroom/1‑bath apartment
- 2,800 SF building
- 2025 renovation included a new roof and updated electrical, plumbing, and HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,119
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,380
$822.4K
Cap Rate 7%
$587,414
$587.4K
Cap Rate 9%
$456,878
$456.9K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$62.2K $22.20/SF
− Vacancy
−$3.4K −$1.22/SF
EGI
$58.7K $20.98/SF
− OpEx
−$17.6K −$6.29/SF
NOI
$41.1K $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%
$822,380
Cap Rate 7%
$587,414
Cap Rate 9%
$456,878
Alternative Uses
Best Use
Multifamily LT 5
$587.4K
$514.0K – $685.3K
NOI $41,119 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$521.1K
$456.0K – $608.0K
NOI $36,480 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$670.8K
$587.0K – $782.6K
NOI $46,956 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,249
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
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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 - The occupied apartments provide a two- and three-bedroom mix, with a washer and dryer in every unit.
Where is this triplex located?
The property is located at 1340 N MOUNT STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three occupied units: two 2‑bedroom/1‑bath apartments and one 3‑bedroom/1‑bath apartment; 2,800 SF building; 2025 renovation included a new roof and updated electrical, plumbing, and HVAC systems
