Historic Triplex With Carriage
For Sale
$800,000
1903 Old Court Rd, Baltimore, MD 21204
Three residences span a landmark main house and separate carriage house with private laundry, storage, and varied outdoor spaces.
Property Size4,158 SF
Lot Size0.75 Acres
Price / SF$192.40
Days on Market47
Property Features for 1903 Old Court Rd
General Information
Standard status
Active
Size
4,158 SF
Total Parking Spaces
6
Lot size
0.75 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1853
Construction
Cotswold
Listing Agency:
Monument Sotheby's International Realty
Listed By:
Ashley B Richardson · License #501466
(443) 906-3840
Source:
Baltimorehousesale
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 7 at 1:49PM
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 Monument Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This three-unit property combines a Baltimore County landmark main house, completed in 1853, with a separate non-historic carriage house. The reported 4,158 square feet applies to the main house and excludes the carriage house. The two main-house residences each offer three bedrooms and one full bath, along with kitchens, living areas, storage, and dedicated laundry. One includes a screened porch, beamed family room, deck, and roof deck; the other provides a pantry and expansive closet space. The carriage house contains a one-bedroom, one-bath residence with kitchen, laundry, storage, and conditioned lower-level bonus space.
Set on .75 acres at 1903 Old Court Road in Baltimore, the property includes a driveway accommodating up to six vehicles and a two-car carport. The carriage house carries a separate address. Any landmark approvals, permitted use, subdivision, buildability, or future site changes should be verified with Baltimore County and the appropriate authorities.
Set on .75 acres at 1903 Old Court Road in Baltimore, the property includes a driveway accommodating up to six vehicles and a two-car carport. The carriage house carries a separate address. Any landmark approvals, permitted use, subdivision, buildability, or future site changes should be verified with Baltimore County and the appropriate authorities.
Key Highlights
- Three‑unit configuration with two residences in the 1853 main house and one in a separate carriage house
- Baltimore County landmark #BA‑01158 for the main house
- Reported 4158 SF; square footage does not include the carriage house
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,061
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,220
$1.2M
Cap Rate 7%
$872,300
$872.3K
Cap Rate 9%
$678,456
$678.5K
Market Conditions
NOI Build-Up for 4,158 SF
Gross rent
$92.3K $22.20/SF
− Vacancy
−$5.1K −$1.22/SF
EGI
$87.2K $20.98/SF
− OpEx
−$26.2K −$6.29/SF
NOI
$61.1K $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%
$1,221,220
Cap Rate 7%
$872,300
Cap Rate 9%
$678,456
Alternative Uses
Best Use
Multifamily LT 5
$872.3K
$763.3K – $1.02M
NOI $61,061 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$773.9K
$677.2K – $902.9K
NOI $54,172 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$996.1K
$871.6K – $1.16M
NOI $69,730 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
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Business Placement
Demographics for 21204, MD
20,967
Population
9,529
Households
2.2
Avg Household Size
36
Median Age
73%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
3,328
Density / Sq Mi
$98,452
Median Household Income
$53,889
Median Earnings
$1,894
Median Rent
$571,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences span a landmark main house and separate carriage house with private laundry, storage, and varied outdoor spaces.
Where is this triplex located?
The property is located at 1903 Old Court Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Three‑unit configuration with two residences in the 1853 main house and one in a separate carriage house; Baltimore County landmark #BA‑01158 for the main house; Reported 4158 SF; square footage does not include the carriage house
