Triplex with Three-Bedroom
1919 E PRATT STREET, Baltimore, MD 21231
For Sale
$850,000
Three distinct residences offer a varied bedroom and bathroom mix in Baltimore.
Property Size5,012 SF
Days on Market35
Property Features for 1919 E PRATT STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Claudia Cristina Towles · License MD #666743
(202) 215-8233
Source:
Thehulsmangroup
Added: Oct 8
Changed: Nov 10
Last Checked: Nov 10 at 2:05PM
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
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Investment Insights
Based on property information with market context.
This Baltimore triplex comprises three separate residences: a three-bedroom, three-and-a-half-bath home, a two-bedroom, two-bath residence, and a one-bedroom, one-bath residence. Built in 1900, the property combines a larger home with two smaller units in one multi-unit asset.
The property is near Patterson Park, Fells Point, and the Johns Hopkins medical campus. Its three-unit configuration and varied layouts are the defining features of the offering.
The property is near Patterson Park, Fells Point, and the Johns Hopkins medical campus. Its three-unit configuration and varied layouts are the defining features of the offering.
Key Highlights
- Three separate residences in one triplex
- Unit mix includes a three‑bedroom, three‑and‑a‑half‑bath home, a two‑bedroom, two‑bath residence, and a one‑bedroom, one‑bath residence
- Built in 1900
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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
7,335
Businesses Nearby
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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
$336,500
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Baltimore, MD
Properties on Market for Triplexes in Baltimore
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct residences offer a varied bedroom and bathroom mix in Baltimore.
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; Unit mix includes a three‑bedroom, three‑and‑a‑half‑bath home, a two‑bedroom, two‑bath residence, and a one‑bedroom, one‑bath residence; Built in 1900
