Converted Triplex with Rear
1825 Bolton Street Baltimore, MD 21217
1825 Bolton Street, Baltimore, MD, 21217
$499,900
Pending
For Sale
$499,900
Pending
Triplex converted into three apartments, featuring original character details and covered rear porch with fenced yard and parking pad.
Property Size2,968 SF
Days on Market37
Property Features for 1825 Bolton Street
General Information
- Standard status
- Pending
- Size
- 2,968 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1890
Listing agency
Samson Properties
(202) 704-5931
Listed by
Farshad Mohseni · License #SP200206021
(202) 704-5931
Source
Compass
Added: Jun 16 Updated: Jul 21 at 11:58AM Checked: Jul 21 at 11:58AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This triplex property has been converted into three apartments and retains notable historic character, including original pocket doors, mantels, hardwood floors, exposed brick, and open living spaces. The main-level unit opens to a covered rear porch overlooking a fenced yard and parking pad, while the upper-level apartments provide additional enclosed living areas.
The property is located in Baltimore City and sits in city limits. It is described as being near Penn Station, Light Rail, and MICA, as well as the University of Baltimore, the University of Maryland Medical Center, parks, restaurants, cafes, and cultural attractions.
For buyers seeking a small multifamily setup, this residence offers an owner-occupant or investor configuration with three separate apartments within a single structure, along with on-site outdoor and parking space accessible from the main level.
The property is located in Baltimore City and sits in city limits. It is described as being near Penn Station, Light Rail, and MICA, as well as the University of Baltimore, the University of Maryland Medical Center, parks, restaurants, cafes, and cultural attractions.
For buyers seeking a small multifamily setup, this residence offers an owner-occupant or investor configuration with three separate apartments within a single structure, along with on-site outdoor and parking space accessible from the main level.
Key Highlights
- Converted triplex with three apartments in Baltimore City
- Character details include original pocket doors, mantels, hardwood/wood floors, and exposed brick
- Main‑level unit opens to a covered rear porch overlooking a fenced yard and parking pad
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 8.72%
Second Best
Apartment 5plus
$552.4K
$483.4K – $644.5K
NOI $38,668 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$711.1K
$622.2K – $829.6K
NOI $49,774 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Triplex converted into three apartments, featuring original character details and covered rear porch with fenced yard and parking pad.
Where is this triplex located?
The property is located at 1825 Bolton Street Baltimore, MD.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Converted triplex with three apartments in Baltimore City; Character details include original pocket doors, mantels, hardwood/wood floors, and exposed brick; Main‑level unit opens to a covered rear porch overlooking a fenced yard and parking pad
