Mixed-Use Building
For Sale
$339,900
Pending
1926 FLEET STREET, Baltimore, MD 21231
Two Fleet Street properties combine commercial space with separate residential accommodations and private entrances.
Property Size1,890 SF
Days on Market56
Property Features for 1926 FLEET STREET
General Information
Standard status
Pending
Size
1,890 SF
Property subtype
Commercial
Additional Details
Asking Price
$800,000
Utilities to Site
Yes
Office Units
2
Building Details
Year Built
1920
Buildings
2
Stories
3
Listing Agency:
RE/MAX Advantage Realty
(410) 740-1200
Listed By:
Ricky Cantore III · License #676693
(443) 878-3507
Source:
Cummingsrealtors
Added: Aug 22
Changed: Oct 15
Last Checked: Oct 14 at 11:37PM
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 RE/MAX Advantage Realty
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Investment Insights
Based on property information with market context.
This offering includes two mixed-use properties at 1924 and 1926 Fleet Street, each pairing ground-floor commercial space with residential areas on the second and third floors. The 1926 building provides a professional office layout with a lobby, workroom, storage room, and half bathroom, along with a two-bedroom residence featuring a full kitchen, living area, two full bathrooms, and private laundry. The 1924 building includes a lobby, studio area, private office, and full bathroom, plus a one-bedroom residence with a kitchen, living area, full bathroom, and private washer and dryer.
The properties offer separate entrances to the upper residential spaces, ample public parking, and visibility with foot traffic. They share a utility closet while maintaining separate mechanical systems and meters. The 1926 commercial space is currently used as a professional office; the 1924 space has previously accommodated a boxing gym and tattoo parlor. Both buildings date to 1920.
The properties offer separate entrances to the upper residential spaces, ample public parking, and visibility with foot traffic. They share a utility closet while maintaining separate mechanical systems and meters. The 1926 commercial space is currently used as a professional office; the 1924 space has previously accommodated a boxing gym and tattoo parlor. Both buildings date to 1920.
Key Highlights
- 1924 Fleet St: 1,796 SQFT commercial first floor and 594 SQFT residential unit
- 1926 Fleet St: 667 SQFT commercial first floor and 937 SQFT residential unit
- 1924 includes a studio area, private office, full bathroom, and one‑bedroom residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,751
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,020
$535.0K
Cap Rate 7%
$382,157
$382.2K
Cap Rate 9%
$297,233
$297.2K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$40.8K $21.60/SF
− Vacancy
−$2.6K −$1.38/SF
EGI
$38.2K $20.22/SF
− OpEx
−$11.5K −$6.07/SF
NOI
$26.8K $14.15/SF
Area
Baltimore, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,020
Cap Rate 7%
$382,157
Cap Rate 9%
$297,233
Alternative Uses
Best Use
Retail
$382.2K
$334.4K – $445.9K
NOI $26,751 @ 7.0% cap · market cap 7.87%
Second Best
Office B
$375.4K
$328.5K – $437.9K
NOI $26,276 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$452.8K
$396.2K – $528.3K
NOI $31,695 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,982
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two Fleet Street properties combine commercial space with separate residential accommodations and private entrances.
Where is this mixed-use property located?
The property is located at 1926 FLEET STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 1924 Fleet St: 1,796 SQFT commercial first floor and 594 SQFT residential unit; 1926 Fleet St: 667 SQFT commercial first floor and 937 SQFT residential unit; 1924 includes a studio area, private office, full bathroom, and one‑bedroom residence
