Three-Unit Residential
18 TOWNSHIP ROAD, Baltimore, MD 21222
For Sale
New
$499,000
Three distinct living spaces combine with a fenced yard, multi-vehicle driveway, and separate storage buildings.
Property Size2,573 SF
Price / SF$193.94
Days on Market4
Property Features for 18 TOWNSHIP ROAD
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
sunroom
full basement
fenced backyard
enclosed porch/screen house
storage sheds
Building Details
Year Built
Listing Agency:
Kelly and Co Realty, LLC
(443) 491-9387
Listed By:
Abby E Cobb · License MD #654634
(443) 366-5006
Source:
Cummingsrealtors
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 10 at 2:28PM
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 Kelly and Co Realty, LLC
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Investment Insights
Based on property information with market context.
This 1920 property contains 2,573 square feet across a main residence and two independent apartments. The main home has three bedrooms, one full bath, a half bath, a sunroom, and a full basement. Each apartment includes one bedroom and one full bath, bringing the property total to five bedrooms, three full bathrooms, and one half bath. Recent work includes a roof replacement, interior painting, new flooring and carpeting, lighting updates, and refreshed bathrooms in the apartments. The basement, kitchen ceiling, and molding have also been updated, and the rear door was replaced.
Outside, the property features a large driveway with parking for multiple vehicles, a fenced backyard, an enclosed porch or screen house, and two full-size storage sheds. Exterior work includes painting, landscaping updates, and repairs to the sheds and screen house. Shopping centers, parks, and schools are within walking distance in Dundalk.
Outside, the property features a large driveway with parking for multiple vehicles, a fenced backyard, an enclosed porch or screen house, and two full-size storage sheds. Exterior work includes painting, landscaping updates, and repairs to the sheds and screen house. Shopping centers, parks, and schools are within walking distance in Dundalk.
Key Highlights
- Three separate living spaces: one main home and two apartments
- 2,573 square feet; total of 5 bedrooms, 3 full bathrooms, and 1 half bath
- Main residence includes a sunroom and full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,785
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,700
$755.7K
Cap Rate 7%
$539,786
$539.8K
Cap Rate 9%
$419,833
$419.8K
Market Conditions
NOI Build-Up for 2,573 SF
Gross rent
$57.1K $22.20/SF
− Vacancy
−$3.1K −$1.22/SF
EGI
$54.0K $20.98/SF
− OpEx
−$16.2K −$6.29/SF
NOI
$37.8K $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%
$755,700
Cap Rate 7%
$539,786
Cap Rate 9%
$419,833
Alternative Uses
Best Use
Multifamily LT 5
$539.8K
$472.3K – $629.8K
NOI $37,785 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$478.9K
$419.0K – $558.7K
NOI $33,522 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$616.4K
$539.4K – $719.2K
NOI $43,149 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
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Business Placement
Demographics for 21222, MD
59,062
Population
24,054
Households
2.5
Avg Household Size
38
Median Age
14%
College-Educated
85%
High-School Grad
11.5 sq mi
ZIP Area
5,136
Density / Sq Mi
$61,934
Median Household Income
$41,920
Median Earnings
$1,390
Median Rent
$200,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Baltimore, MD
Properties on Market for Triplexes in Baltimore
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct living spaces combine with a fenced yard, multi-vehicle driveway, and separate storage buildings.
Where is this triplex located?
The property is located at 18 TOWNSHIP ROAD Baltimore, MD.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three separate living spaces: one main home and two apartments; 2,573 square feet; total of 5 bedrooms, 3 full bathrooms, and 1 half bath; Main residence includes a sunroom and full basement
