3-Unit Victorian Apartment
New
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 Market2
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
Last Checked: Oct 8 at 6:06AM
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.
Investment Insights
Based on property information with market context.
This 4,500-square-foot Victorian brick building, constructed in 1890, contains three two-bedroom apartments ranging from approximately 1,021 to 1,156 square feet. Interior details include high ceilings, period mantels, crown molding, wood floors, original banisters and railings, and a central staircase. Kitchens and bathrooms have been updated, and a tankless water heater is among the recent improvements. A private brick courtyard adds outdoor space; two off-street parking spaces serve the second- and third-floor residences.
The property is currently held as three condominium units under common ownership. The owners are working with Baltimore City to dissolve the condominium arrangement and convert the property to a three-unit multifamily asset. The first- and second-floor apartments are vacant. Laundry is in-unit in two apartments, while the garden-level residence uses basement laundry. Cooling is provided by window units.
The property is currently held as three condominium units under common ownership. The owners are working with Baltimore City to dissolve the condominium arrangement and convert the property to a three-unit multifamily asset. The first- and second-floor apartments are vacant. Laundry is in-unit in two apartments, while the garden-level residence uses basement laundry. Cooling is provided by window units.
Key Highlights
- Three two‑bedroom apartments in a 4,500‑square‑foot Victorian building
- Apartment areas: approximately 1,021, 1,117, and 1,156 square feet
- Built in 1890; brick construction with period mantels, crown molding, wood floors, and original banisters
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.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,001
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three spacious residences pair historic architectural details with updated kitchens and baths.
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 a 4,500‑square‑foot Victorian building; Apartment areas: approximately 1,021, 1,117, and 1,156 square feet; Built in 1890; brick construction with period mantels, crown molding, wood floors, and original banisters
