Prime Location Multifamily
For Sale
$408,000
1434 Light St, Baltimore, MD 21230
Multifamily property near Federal Hill and Riverside Park.
Property Size1,533 SF
Price / SF$266.14
Days on Market191
Property Features for 1434 Light St
General Information
Standard status
Active
Size
1,533 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
South Baltimore
Building Details
Year Built
1900
Listing Agency:
Cummings & Co. Realtors
Listed By:
Josh Velte · License #661436
(443) 939-1854
Source:
Hargreaveshomesales
Added: Apr 24
Changed: Oct 26
Last Checked: Oct 30 at 6:51PM
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 Cummings & Co. Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 1434 Light St is situated in a desirable location for renters, offering convenient access to Federal Hill and Riverside Park. The surrounding area features local bars and restaurants. Public transportation is easily accessible, and parking is available directly outside the property, with a parking garage nearby. The property has a bike score of 86, indicating it is very bikeable, a walk score of 97, designating it as a walker's paradise, and a transit score of 97, marking it as a rider's paradise. This property is being sold together with 1436 Light St.
Key Highlights
- Walker's Paradise: Walk Score of 97
- Rider's Paradise: Transit Score of 97
- Highly desirable location near Federal Hill and Riverside Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,973
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,460
$399.5K
Cap Rate 7%
$285,329
$285.3K
Cap Rate 9%
$221,922
$221.9K
Market Conditions
NOI Build-Up for 1,533 SF
Gross rent
$38.6K $25.20/SF
− Vacancy
−$2.3K −$1.51/SF
EGI
$36.3K $23.69/SF
− OpEx
−$16.3K −$10.66/SF
NOI
$20.0K $13.03/SF
Area
Baltimore, MD
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,460
Cap Rate 7%
$285,329
Cap Rate 9%
$221,922
Alternative Uses
Best Use
Apartment 5plus
$285.3K
$249.7K – $332.9K
NOI $19,973 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$367.3K
$321.4K – $428.5K
NOI $25,708 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,988
Businesses Nearby
Explore this area
Business Placement
Demographics for 21230, MD
36,660
Population
18,070
Households
2
Avg Household Size
33
Median Age
59%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
5,819
Density / Sq Mi
$94,164
Median Household Income
$69,973
Median Earnings
$1,771
Median Rent
$327,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property near Federal Hill and Riverside Park.
Where is this multifamily property located?
The property is located at 1434 Light St Baltimore, MD.
What is the asking price?
The asking price for this property is $408,000.
What are key features of this property?
This property features: Walker's Paradise: Walk Score of 97; Rider's Paradise: Transit Score of 97; Highly desirable location near Federal Hill and Riverside Park
