Four-Unit Multifamily with Storage
1436 LIGHT Street Baltimore, MD 21230
For Sale
$563,000
MULTI_FAMILY - Contemporary - BALTIMORE, MD
Property Size2,220 SF
Lot Size0.06 Acres
Price / SF$253.60
Days on Market162
Property Features for 1436 LIGHT Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,220 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9527
Utilities
- Cooling system
- Multi Units
Building Details
- Year built
- 1920
- Number of units
- 4
- 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
Changed: Jun 9
Last Checked: Jul 24 at 4:06AM
MLS# MDBA2202836
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.
1436 Light St presents a contemporary four-unit multifamily building with two levels of independent units configured for residential income. In addition to the four units, the property includes six individual non-vehicle storage garage units, providing separate space beyond the main living areas.
The property is described as being in a highly desirable renter area, just minutes from Federal Hill and Riverside Park. Public transportation is nearby, and convenient parking is available directly outside the property as well as via a nearby parking garage. The immediate surroundings include local bars and restaurants.
This offering may appeal to investors or operators seeking a mixed residential and storage setup within a fully occupied configuration. The presence of on-site, separately assigned non-vehicle storage garage units can support tenants who need additional space, while the four-unit multifamily structure provides multiple income streams within a single property. The listing also notes that 1436 Light St can be purchased together with 1434 Light St.
The property is described as being in a highly desirable renter area, just minutes from Federal Hill and Riverside Park. Public transportation is nearby, and convenient parking is available directly outside the property as well as via a nearby parking garage. The immediate surroundings include local bars and restaurants.
This offering may appeal to investors or operators seeking a mixed residential and storage setup within a fully occupied configuration. The presence of on-site, separately assigned non-vehicle storage garage units can support tenants who need additional space, while the four-unit multifamily structure provides multiple income streams within a single property. The listing also notes that 1436 Light St can be purchased together with 1434 Light St.
Key Highlights
- Fully occupied 4‑unit investment property
- Brick construction with Year Built 1920
- Additional 6 individual storage (non‑vehicle) garage units
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 | $49.3k | $22.20 |
| − Vacancy | −$2.7k | −$1.22 |
| EGI | $46.6k | $20.98 |
| − OpEx | −$14.0k | −$6.29 |
| NOI | $32.6k | $14.69 |
2,220 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$465.7K
$407.5K – $543.4K
NOI $32,601 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$413.2K
$361.5K – $482.1K
NOI $28,923 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$531.9K
$465.4K – $620.5K
NOI $37,230 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully occupied four-unit multifamily property with six non-vehicle storage garage units for added tenant convenience.
Where is this quadplex located?
The property is located at 1436 LIGHT Street Baltimore, MD.
What is the asking price?
The asking price for this property is $563,000.
What are key features of this property?
This property features: Fully occupied 4‑unit investment property; Brick construction with Year Built 1920; Additional 6 individual storage (non‑vehicle) garage units
