Contemporary Triplex Income Property

1434 LIGHT Street Baltimore, MD 21230

Claim this Listing
For Sale
$408,000

MULTI_FAMILY - Contemporary - BALTIMORE, MD

Property size:
1,533 SF
Lot size:
0.03 Acres
Price / SF:
$266/SF
Added:
Feb 12, 2026
Days on Market:
150
Last Refresh:
Jul 12 at 5:06 pm

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 agent Josh Velte License #661436

Listing office Cummings & Co. Realtors 5950 Symphony Woods Road unit: 210, Baltimore, MD

Listing date Feb 12, 2026

MLS# MDBA2202822 Listing URL

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.

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 (±1% cap)
NOI $22,513 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$285.3K
$249.7K – $332.9K (±1% cap)
NOI $19,973 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$367.3K
$321.4K – $428.5K (±1% cap)
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

Suggested Use

Daycare Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher Catering Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Supermarket Clothing & Fashion Store

Zoning and permitted uses should be independently verified with local authorities.

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
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More about this property
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