Renovated 3-Unit
For Sale
$475,000
1340 N MOUNT Street, Baltimore, MD 21217
Multi-Family, BALTIMORE, MD
Property Size2,800 SF
Lot Size0.04 Acres
Price / SF$169.64
Days on Market14
Property Features for 1340 N MOUNT Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement, Dining Room
Parking features
On Street
Interior features
Combination Dining/Living
Appliances
Built-In Microwave, Disposal, Dryer, Icemaker, Refrigerator, Washer - Front Loading, WaterHeater
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Size
2,800 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
3501
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
washer and dryer
Building Details
Year built
1900
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
Taylor Properties
(301) 970-2447
Listed By:
Nadine N Vassell · License #650258
(800) 590-0925
Added: Oct 8
Changed: Oct 21
Last Checked: Oct 21 at 5:06PM
MLS# MDBA2232032
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick triplex contains 2,800 square feet across three occupied apartments: two with 2 bedrooms and 1 bathroom, and one with 3 bedrooms and 1 bathroom. A 2025 renovation included a new roof, electrical and plumbing systems, and HVAC. Each apartment has its own washer and dryer; central air and forced-air heating are also present.
Tenants are responsible for their own utilities, and professional property management is in place. The property has on-street parking and sits on a 0.0386-acre lot.
Tenants are responsible for their own utilities, and professional property management is in place. The property has on-street parking and sits on a 0.0386-acre lot.
Key Highlights
- Three occupied apartments: two 2‑bedroom/1‑bath units and one 3‑bedroom/1‑bath unit
- 2025 renovation included a new roof, electrical, plumbing, and HVAC systems
- 2,800 square feet in a brick building
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.
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The occupied apartments include two 2-bedroom layouts and one 3-bedroom layout, each with its own washer and dryer.
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 apartments: two 2‑bedroom/1‑bath units and one 3‑bedroom/1‑bath unit; 2025 renovation included a new roof, electrical, plumbing, and HVAC systems; 2,800 square feet in a brick building
