Historic Triplex with
For Sale
$750,000
1700 PARK Avenue, Baltimore, MD 21217
Multi-Family, BALTIMORE, MD
Property Size4,500 SF
Lot Size0.06 Acres
Price / SF$166.67
Days on Market15
Property Features for 1700 PARK Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
2
Parking features
Carport
Interior features
2nd Kitchen, Crown Moldings, Skylight(s), Wainscotting, Wood Floors
Appliances
Dishwasher, Dryer, Refrigerator, Stove, Washer, Water Heater - Tankless
Subdivision
BOLTON HILL HISTORIC DISTRICT
Elementary school
MOUNT ROYAL
Middle school
MOUNT ROYAL
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Size
4,500 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
10000
Utilities
Heating system
Hot Water(Heating), Central
Cooling system
Ductless, Window Unit(s)
Amenities
courtyard
Building Details
Year built
1890
Number of units
3
Building materials
Brick
Architectural style
Victorian
Listing Agency:
Compass
(410) 886-7342
Listed By:
Jessica H Dailey · License #600667
(443) 838-8204
Added: Oct 7
Changed: Oct 21
Last Checked: Oct 21 at 4:06PM
MLS# MDBA2234058
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.
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Investment Insights
Based on property information with market context.
This 4,500-square-foot Victorian brick building dates to 1890 and contains three two-bedroom apartments. Original character includes tall ceilings, wood floors, crown moldings, period mantels, original railings, and a central staircase. Updated kitchens and bathrooms add contemporary functionality. The residences range from 1,021 to 1,156 square feet; features vary by unit and include one to two bathrooms, in-unit laundry in two apartments, and window-unit cooling. A tankless water heater is among the recent improvements.
The 0.061-acre property includes a private brick courtyard and two off-street parking spaces serving the second- and third-floor units. The first- and second-floor apartments are vacant, providing flexibility in occupancy. The building is currently held as three condominium units, with the owners working toward conversion to a single three-unit multifamily property.
The 0.061-acre property includes a private brick courtyard and two off-street parking spaces serving the second- and third-floor units. The first- and second-floor apartments are vacant, providing flexibility in occupancy. The building is currently held as three condominium units, with the owners working toward conversion to a single three-unit multifamily property.
Key Highlights
- Three two‑bedroom apartments in an 1890 Victorian brick building
- Building contains 4,500 square feet on a 0.061‑acre lot
- Unit sizes are approximately 1,021, 1,117, and 1,156 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,084
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,680
$1.3M
Cap Rate 7%
$944,057
$944.1K
Cap Rate 9%
$734,267
$734.3K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$99.9K $22.20/SF
− Vacancy
−$5.5K −$1.22/SF
EGI
$94.4K $20.98/SF
− OpEx
−$28.3K −$6.29/SF
NOI
$66.1K $14.69/SF
Area
Baltimore, MD
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,680
Cap Rate 7%
$944,057
Cap Rate 9%
$734,267
Alternative Uses
Best Use
Multifamily LT 5
$944.1K
$826.1K – $1.10M
NOI $66,084 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$837.5K
$732.9K – $977.1K
NOI $58,628 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$1.08M
$943.3K – $1.26M
NOI $75,465 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,001
Businesses Nearby
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Business Placement
Demographics for 21217, MD
30,448
Population
20,064
Households
1.5
Avg Household Size
38
Median Age
22%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
14,499
Density / Sq Mi
$37,207
Median Household Income
$40,668
Median Earnings
$1,065
Median Rent
$175,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three spacious two-bedroom residences offer a mix of private and in-unit laundry, updated kitchens and baths, and off-street parking.
Where is this triplex located?
The property is located at 1700 PARK Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three two‑bedroom apartments in an 1890 Victorian brick building; Building contains 4,500 square feet on a 0.061‑acre lot; Unit sizes are approximately 1,021, 1,117, and 1,156 square feet
