Three-Unit Residential
New
For Sale
$850,000
1919 E PRATT STREET, Baltimore, MD 21231
Three distinct residences provide a varied bedroom and bathroom mix within one multifamily property.
Property Size5,012 SF
Price / SF$169.59
Days on Market5
Property Features for 1919 E PRATT STREET
General Information
Standard status
Active
Size
5,012 SF
Property subtype
Triplex
Units
Unit Mix
1 x 3BR/3.5BA, 1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
Compass
(443) 873-3585
Listed By:
Claudia Cristina Towles · License #666743
(202) 215-8233
Source:
Cummingsrealtors
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 11 at 9:10AM
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 Compass
Investment Insights
Based on property information with market context.
This triplex contains three separate residences totaling 5,012 square feet. The largest home has three bedrooms and three-and-a-half bathrooms; the other units offer two bedrooms and two bathrooms, and one bedroom and one bathroom. The property was built in 1900.
At 1919 E Pratt Street in Baltimore, the property is near Patterson Park, Fells Point and the Johns Hopkins medical campus.
At 1919 E Pratt Street in Baltimore, the property is near Patterson Park, Fells Point and the Johns Hopkins medical campus.
Key Highlights
- Three separate residences in one triplex
- 5,012 square feet across the property
- Unit mix includes 3 bedrooms/3.5 bathrooms, 2 bedrooms/2 bathrooms, and 1 bedroom/1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,603
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,472,060
$1.5M
Cap Rate 7%
$1,051,471
$1.1M
Cap Rate 9%
$817,811
$817.8K
Market Conditions
NOI Build-Up for 5,012 SF
Gross rent
$111.3K $22.20/SF
− Vacancy
−$6.1K −$1.22/SF
EGI
$105.1K $20.98/SF
− OpEx
−$31.5K −$6.29/SF
NOI
$73.6K $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%
$1,472,060
Cap Rate 7%
$1,051,471
Cap Rate 9%
$817,811
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$920.0K – $1.23M
NOI $73,603 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$932.8K
$816.2K – $1.09M
NOI $65,298 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,051 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
7,335
Businesses Nearby
Explore this area
Business Placement
Demographics for 21231, MD
17,062
Population
9,342
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
18,958
Density / Sq Mi
$85,382
Median Household Income
$67,289
Median Earnings
$1,710
Median Rent
$336,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three distinct residences provide a varied bedroom and bathroom mix within one multifamily property.
Where is this triplex located?
The property is located at 1919 E PRATT STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three separate residences in one triplex; 5,012 square feet across the property; Unit mix includes 3 bedrooms/3.5 bathrooms, 2 bedrooms/2 bathrooms, and 1 bedroom/1 bathroom
