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Mixed-Use Apartment Building with Courtyard
For Sale
$955,000

18 W Franklin St, Baltimore, MD 21201

Six-unit mixed-use building with both residential and commercial space and a courtyard; roof and gutters replaced in 2016.

Property Size9,466 SF
Days on Market50

Property Features for 18 W Franklin St

General Information

Standard status Active
Size 9,466 SF
Class C
Property subtype MultiFamily Apartments
Occupancy 100%

Additional Details

Multifamily Units 5

Building Details

Building Size 9,466 SF
Year Built 1820
Tenancy Multi
Listing Agency: K&M Commercial
Listed By: Kayvan Mehrbakhsh · License #0225084011
Source: Thebrokerlist
Added: Jul 20 Changed: Sep 6 Last Checked: Sep 7 at 4:39AM

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 K&M Commercial

Investment Insights

Based on property information with market context.

This fully occupied six-unit mixed-use building combines residential units with commercial space. The offering is described as including 3 residential units and 1 commercial unit at 18 W Franklin St, along with additional leased residential units at 7 W Hamilton, including a 3-bedroom loft apartment with a garage and a 1-bedroom courtyard apartment. The property is reported as thoughtfully updated with modern finishes while maintaining historic character, and it includes a courtyard.

The property is positioned in Baltimore’s Mount Vernon area, with the remarks noting close proximity to restaurants, shops, and public transportation. Roof and gutters were replaced in 2016.

Based on the provided information, the building is fully leased and is projected to generate over $119,000 in annual income with long-term tenants who are described as wishing to stay.

Key Highlights

  • Six‑unit mixed‑use building with residential and commercial space, plus a courtyard
  • Generates over $119,000 in annual income and is fully leased
  • 1820 building updated while keeping historic integrity; two addresses included: 18 W Franklin St. and 7 W Hamilton

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Store Pet Store & Service Clothing & Fashion Store Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

12,119
Businesses Nearby

Demographics for 21201, MD

18,382
Population
11,468
Households
1.6
Avg Household Size
34
Median Age
47%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
14,140
Density / Sq Mi
$44,722
Median Household Income
$44,239
Median Earnings
$1,282
Median Rent
$221,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit mixed-use building with both residential and commercial space and a courtyard; roof and gutters replaced in 2016.
Where is this apartment building located?
The property is located at 18 W Franklin St Baltimore, MD.
What is the asking price?
The asking price for this property is $955,000.
What are key features of this property?
This property features: Six‑unit mixed‑use building with residential and commercial space, plus a courtyard; Generates over $119,000 in annual income and is fully leased; 1820 building updated while keeping historic integrity; two addresses included: 18 W Franklin St. and 7 W Hamilton
More about this property
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