Triplex with In-Unit
141 E NORTH Avenue, Baltimore, MD 21202
For Sale
New
$525,000
Multi-Family, BALTIMORE, MD
Property Size3,010 SF
Lot Size0.04 Acres
Price / SF$174.42
Days on Market2
Property Features for 141 E NORTH Avenue
General Information
Property type
Property subtype
Rooms
Parking features
Interior features
Appliances
Subdivision
High school
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
wood flooring
white cabinets
granite counters
modern stainless steel kitchen appliances
HVAC
washer and dryer in the unit
Building Details
Year built
Number of units
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Lindsay Chapman · License MD #0644564
(240) 644-4052
Added: Nov 10
Last Checked: Nov 11 at 1:06AM
MLS# MDBA2237460
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 3,010-square-foot triplex contains three tenant-occupied residences, each separately metered. The units have wood floors, white cabinetry, granite countertops, stainless steel kitchen appliances, HVAC, and in-unit washers and dryers. A rear parking space is assigned to Unit 2. Built in 1900, the property occupies a 0.0382-acre lot.
The property is a few blocks from Penn Station and near Johns Hopkins, the University of Baltimore, MICA, and Baltimore’s Inner Harbor. On-street parking is also listed among the property’s parking features.
The property is a few blocks from Penn Station and near Johns Hopkins, the University of Baltimore, MICA, and Baltimore’s Inner Harbor. On-street parking is also listed among the property’s parking features.
Key Highlights
- Three occupied, separately metered units
- 3,010 square feet on a 0.0382‑acre lot
- Each unit has HVAC, kitchen appliances, and a washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,203
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,060
$884.1K
Cap Rate 7%
$631,471
$631.5K
Cap Rate 9%
$491,144
$491.1K
Market Conditions
NOI Build-Up for 3,010 SF
Gross rent
$66.8K $22.20/SF
− Vacancy
−$3.7K −$1.22/SF
EGI
$63.1K $20.98/SF
− OpEx
−$18.9K −$6.29/SF
NOI
$44.2K $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%
$884,060
Cap Rate 7%
$631,471
Cap Rate 9%
$491,144
Alternative Uses
Best Use
Multifamily LT 5
$631.5K
$552.5K – $736.7K
NOI $44,203 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$560.2K
$490.2K – $653.6K
NOI $39,215 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$721.1K
$631.0K – $841.3K
NOI $50,478 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,976
Businesses Nearby
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Business Placement
Demographics for 21202, MD
22,247
Population
12,731
Households
1.7
Avg Household Size
33
Median Age
48%
College-Educated
86%
High-School Grad
1.6 sq mi
ZIP Area
13,904
Density / Sq Mi
$61,578
Median Household Income
$53,609
Median Earnings
$1,497
Median Rent
$307,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Baltimore, MD
Properties on Market for Triplexes in Baltimore
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied, separately metered residences include central air, kitchen appliances, and individual washers and dryers.
Where is this triplex located?
The property is located at 141 E NORTH Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three occupied, separately metered units; 3,010 square feet on a 0.0382‑acre lot; Each unit has HVAC, kitchen appliances, and a washer and dryer
