Bolton Hill Triplex Apartment
1809 Bolton Street Baltimore, MD 21217
1809 Bolton Street, Baltimore, MD, 21217
$624,999
For Sale
$624,999
Triplex with three separately metered units and rear two-car parking pad.
Property Size2,968 SF
Price / SF$210.58
Days on Market166
Property Features for 1809 Bolton Street
General Information
- Standard status
- Active
- Size
- 2,968 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1890
Listing agency
ExecuHome Realty
(410) 537-0048
Listed by
Harold A Kelly · License #643252
(410) 537-0048
Source
Compass
Added: Feb 5 Updated: Jul 21 at 6:35AM Checked: Jul 21 at 6:35AM
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 ExecuHome Realty
Investment Insights
Based on property information with market context.
This triplex apartment building features a three-story brownstone layout with one bedroom on the first floor, two bedrooms on the second floor, and one bedroom on the third floor. Each unit is separately metered. The property also includes an unfinished basement with common laundry, storage units, and utilities.
The building has a fenced patio and a two-car parking pad in the rear. It is located in a Baltimore City CHAP Historic District and is subject to the Midtown Special Benefits District Surcharge Tax billed annually.
All showings require 24 hours’ notice, and showing times are restricted due to tenant work schedules and pets.
The building has a fenced patio and a two-car parking pad in the rear. It is located in a Baltimore City CHAP Historic District and is subject to the Midtown Special Benefits District Surcharge Tax billed annually.
All showings require 24 hours’ notice, and showing times are restricted due to tenant work schedules and pets.
Key Highlights
- Triplex in Baltimore City built in 1890 with three separately metered units
- Unit mix: 1st floor 1BD, 2nd floor 2BD, 3rd floor 1BD
- Like new appliances in the units; includes refrigerator, stove, washer/dryer, and water heater
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.9k | $22.20 |
| − Vacancy | −$3.6k | −$1.22 |
| EGI | $62.3k | $20.98 |
| − OpEx | −$18.7k | −$6.29 |
| NOI | $43.6k | $14.69 |
2,968 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$622.7K
$544.8K – $726.4K
NOI $43,586 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$552.4K
$483.4K – $644.5K
NOI $38,668 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$711.1K
$622.2K – $829.6K
NOI $49,774 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex with three separately metered units and rear two-car parking pad.
Where is this triplex located?
The property is located at 1809 Bolton Street Baltimore, MD.
What is the asking price?
The asking price for this property is $624,999.
What are key features of this property?
This property features: Triplex in Baltimore City built in 1890 with three separately metered units; Unit mix: 1st floor 1BD, 2nd floor 2BD, 3rd floor 1BD; Like new appliances in the units; includes refrigerator, stove, washer/dryer, and water heater
