Contemporary Triplex Income
1434 LIGHT Street Baltimore, MD 21230
1434 LIGHT Street, Baltimore, MD, 21230
$408,000
For Sale
$408,000
MULTI_FAMILY - Contemporary - BALTIMORE, MD
Property Size1,533 SF
Lot Size0.03 Acres
Price / SF$266.14
Days on Market160
Property Features for 1434 LIGHT Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,533 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7890
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Ductless
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Brick
- Architectural style
- Contemporary
Listing agency
Cummings & Co. Realtors
(410) 823-0033
Listed by
Josh Velte · License #661436
(443) 939-1854
Added: Feb 12 Updated: Jun 9 at 12:26PM Checked: Jul 22 at 6:06AM
MLS# MDBA2202822
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.
Investment Insights
Based on property information with market context.
1434 Light St is a contemporary triplex income property offered for sale in Baltimore, MD (21230). The property includes 1,533 square feet of building area on a 0.0306-acre lot. The listing notes convenient parking directly outside the building and a nearby parking garage, along with public transportation access.
The remarks describe the home as being just minutes from Federal Hill and Riverside Park. The surrounding area includes local bars and restaurants, supporting a lifestyle-oriented neighborhood setting. The listing also states the property is available for purchase together with 1436 Light St.
For buyers seeking a small multifamily asset, this triplex provides an opportunity to acquire a contemporary residential income property with on-site and nearby parking convenience. Its compact footprint may appeal to owner-operators or investors looking for a manageable building size while positioning near popular destinations and neighborhood dining options. As presented, the offering is focused on the residential income triplex configuration at 1434 Light St, with the option to consider the related purchase at 1436 Light St.
The remarks describe the home as being just minutes from Federal Hill and Riverside Park. The surrounding area includes local bars and restaurants, supporting a lifestyle-oriented neighborhood setting. The listing also states the property is available for purchase together with 1436 Light St.
For buyers seeking a small multifamily asset, this triplex provides an opportunity to acquire a contemporary residential income property with on-site and nearby parking convenience. Its compact footprint may appeal to owner-operators or investors looking for a manageable building size while positioning near popular destinations and neighborhood dining options. As presented, the offering is focused on the residential income triplex configuration at 1434 Light St, with the option to consider the related purchase at 1436 Light St.
Key Highlights
- Brick construction with a contemporary architectural style
- Year built: 1900
- Heating: other (heating); cooling: ductless
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.0k | $22.20 |
| − Vacancy | −$1.9k | −$1.22 |
| EGI | $32.2k | $20.98 |
| − OpEx | −$9.6k | −$6.29 |
| NOI | $22.5k | $14.69 |
1,533 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.6K
$281.4K – $375.2K
NOI $22,513 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$285.3K
$249.7K – $332.9K
NOI $19,973 @ 7.0% cap · market cap 4.90%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex for sale near public transportation, with convenient parking directly outside and nearby garage access.
Where is this triplex located?
The property is located at 1434 LIGHT Street 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: Brick construction with a contemporary architectural style; Year built: 1900; Heating: other (heating); cooling: ductless
