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Rebuilt Townhome in Greenmount West

1812 Guilford Avenue Baltimore, MD 21202

Claim this Listing
For Sale
$549,900

Fully rebuilt townhome with income potential in arts district.

Type:Multi-Family / Fee Simple
Property size:
3,060 SF
Price / SF:
$179/SF
Added:
Mar 28, 2026
Days on Market:
107
Last Refresh:
Jul 5 at 8:15 am

Property Features for 1812 Guilford Avenue

General Information

Standard status
Active
Size
3,060 SF
Property subtype
Multi-Family / Fee Simple

Building Details

Year Built
1890

Listing office Real Estate Teams, LLC

Listing date Mar 28, 2026

Source Compass

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 Real Estate Teams, LLC


Investment Insights

Based on property information with market context.

This rebuilt townhome offers historic charm, modern construction, and income potential. The property is currently leased to a senior care business, generating $5,000 per month in rental income, with the commercial tenant responsible for all repairs and maintenance under the lease terms. The property spans 4 finished levels. The upper unit features 5 bedrooms and 2 bathrooms, while the lower unit includes 4 bedrooms and 2 bathrooms. The interior showcases restored architectural details, including custom-milled historically replicated window and door trim with rosettes, 8-inch base molding, hardwood floors, ceilings, and living spaces. Natural light enters through 16 side-facing windows. Additional features include newer kitchens and bathrooms, laundry areas, wide hallways, a rear deck, off-street parking, and a fully finished walk-out basement with a 7'6" ceiling height. Major structural and mechanical improvements include a rebuilt rear exterior wall, full underpinning and excavation, new joists and subfloors, and new framing and mechanical systems throughout. Located in the Greenmount West / Station North Arts District, the property is situated blocks from Penn Station, MICA, University of Baltimore, Mount Vernon, and the Charles Theatre. The property is located in Baltimore City, within city limits, and is part of the BALTIMORE CITY PUBLIC SCHOOLS school district.

Key Highlights

  • Strong cash flow: Currently generating $5,000/month in rental income.
  • Fully rebuilt 10 years ago with major improvements.
  • Prime location in Greenmount West / Station North Arts District.

Local Financial Insights For Apartment 5plus

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 $77.1k $25.20
− Vacancy −$4.6k −$1.51
EGI $72.5k $23.69
− OpEx −$32.6k −$10.66
NOI $39.9k $13.03
3,060 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$569.5K
$498.3K – $664.5K (±1% cap)
NOI $39,867 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$733.1K
$641.5K – $855.3K (±1% cap)
NOI $51,316 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Butcher Pet Store (Bike/Boat/Book/etc) Store Pet Store & Service Electrical Service (Bike/Boat/Book/etc) Store Adult Day Care Florist Clothing & Fashion Store Clothing & Fashion Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Multifamily property - Fully rebuilt townhome with income potential in arts district.
Where is this multifamily property located?
The property is located at 1812 Guilford Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Strong cash flow: Currently generating $5,000/month in rental income.; Fully rebuilt 10 years ago with major improvements.; Prime location in Greenmount West / Station North Arts District.
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More about this property
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