Architectural Triplex with Modern
For Sale
$649,000
Pending
17 E 21ST STREET, Baltimore, MD 21218
End-of-row triplex with renovated units and convenient location.
Property Size3,732 SF
Days on Market192
Property Features for 17 E 21ST STREET
General Information
Standard status
Pending
Size
3,732 SF
Property subtype
Triplex
Site & Location
Neighborhood
Charles North
Taxes and HOA fees
Annual Taxes
$9,443
Building Details
Building Size
3,732 SF
Year Built
1900
Listing Agency:
Neighborhood Assistance Corporation of America
Listed By:
Jenn Schneider · License #657256-MD
(410) 802-1190
Source:
Barnesrealestatecompany
Added: Apr 24
Changed: Oct 31
Last Checked: Oct 30 at 7:52PM
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 Neighborhood Assistance Corporation of America
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Investment Insights
Based on property information with market context.
This end-of-row triplex features an architectural A-frame design with stucco exterior. Unit 1 includes a fully finished bi-level English basement, suitable for living space. The open layout allows natural light to flood the living spaces. In-unit laundry facilities are available, including a washer and dryer. Unit 1 also features private garage access and exposed brick. An oversized basement garage provides convenience, and on-street parking is available. Units 2 and 3 have private entrances. The property was renovated in 2016. The property is located less than a mile from a commuter rail station. The bike score is 80, indicating it is very bikeable. The walk score is 89, indicating it is very walkable. The transit score is 92, indicating it is a rider's paradise. The property is fully furnished.
Key Highlights
- Excellent Transit Score (92): Rider's Paradise, less than a mile from a commuter rail station.
- Triplex with renovated units (2016) offering investment potential and the option to live in one unit.
- Unit 1 features a fully finished Bi‑Level English basement, providing versatile living space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,534
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,680
$970.7K
Cap Rate 7%
$693,343
$693.3K
Cap Rate 9%
$539,267
$539.3K
Market Conditions
NOI Build-Up for 3,732 SF
Gross rent
$73.9K $19.80/SF
− Vacancy
−$4.6K −$1.22/SF
EGI
$69.3K $18.58/SF
− OpEx
−$20.8K −$5.57/SF
NOI
$48.5K $13.00/SF
Area
ZIP 21218
Vacancy
6.17%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,680
Cap Rate 7%
$693,343
Cap Rate 9%
$539,267
Alternative Uses
Best Use
Multifamily LT 5
$693.3K
$606.7K – $808.9K
NOI $48,534 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$618.5K
$541.2K – $721.6K
NOI $43,297 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$1.01M
$887.8K – $1.18M
NOI $71,027 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,956
Businesses Nearby
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Business Placement
Demographics for 21218, MD
46,238
Population
21,751
Households
2.1
Avg Household Size
34
Median Age
44%
College-Educated
90%
High-School Grad
4.3 sq mi
ZIP Area
10,753
Density / Sq Mi
$58,378
Median Household Income
$38,316
Median Earnings
$1,239
Median Rent
$229,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - End-of-row triplex with renovated units and convenient location.
Where is this triplex located?
The property is located at 17 E 21ST STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Excellent Transit Score (92): Rider's Paradise, less than a mile from a commuter rail station.; Triplex with renovated units (2016) offering investment potential and the option to live in one unit.; Unit 1 features a fully finished Bi‑Level English basement, providing versatile living space.
