Brick Victorian
New
For Sale
$450,000
210 LAURENS Street, Baltimore, MD 21217
Multi-Family, BALTIMORE, MD
Property Size2,688 SF
Price / SF$167.41
Days on Market7
Property Features for 210 LAURENS Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
1
Parking features
Garage - Detached
Interior features
2nd Kitchen
Appliances
Washer, Dryer
Subdivision
BOLTON HILL HISTORIC DISTRICT
Elementary school
MOUNT ROYAL
Middle school
MOUNT ROYAL
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Size
2,688 SF
Taxes and HOA fees
Tax Annual Amount
8881
Utilities
Heating system
Hot Water(Heating), Zoned, Other (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1890
Number of units
3
Building materials
Brick
Architectural style
Victorian
Listing Agency:
Compass
(410) 886-7342
Listed By:
Jessica Dailey · License #600667
(443) 838-8204
Added: Sep 9
Changed: Sep 13
Last Checked: Sep 15 at 12:06PM
MLS# MDBA2227654
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,688-square-foot Victorian triplex dates to 1890 and is constructed of brick. The building contains three apartments, including a two-level first-floor and lower-level residence with a living room, built-ins, bedroom, ensuite bath, kitchen, laundry area, utility space, rear patio access, and a detached garage currently used for storage. The second-floor apartment has one bedroom, updated kitchen and bath finishes, built-ins, and in-unit laundry. The top-floor apartment has also been renovated and will be delivered vacant.
Each apartment is separately metered, with its own gas boiler and hot water heater. Tenants pay their apartment utilities, while the landlord covers common-area utilities. The property has current rental licenses and lead certifications. Window-unit cooling, a second kitchen, washer, and dryer are included.
The property is located at 210 Laurens Street in Baltimore’s Bolton Hill area, near MICA, the University of Baltimore, Penn Station, and the Johns Hopkins shuttle. MARC and Amtrak service is available from Penn Station, with access to Washington, D.C., Philadelphia, and New York.
Each apartment is separately metered, with its own gas boiler and hot water heater. Tenants pay their apartment utilities, while the landlord covers common-area utilities. The property has current rental licenses and lead certifications. Window-unit cooling, a second kitchen, washer, and dryer are included.
The property is located at 210 Laurens Street in Baltimore’s Bolton Hill area, near MICA, the University of Baltimore, Penn Station, and the Johns Hopkins shuttle. MARC and Amtrak service is available from Penn Station, with access to Washington, D.C., Philadelphia, and New York.
Key Highlights
- Licensed three‑unit property with current rental licenses and lead certifications
- 2,688 square feet on a 0.06‑acre lot, with 3 apartments
- Built in 1890 with brick construction and Victorian architectural style
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,474
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$789,480
$789.5K
Cap Rate 7%
$563,914
$563.9K
Cap Rate 9%
$438,600
$438.6K
Market Conditions
NOI Build-Up for 2,688 SF
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.
Gross rent
$59.7K $22.20/SF
− Vacancy
−$3.3K −$1.22/SF
EGI
$56.4K $20.98/SF
− OpEx
−$16.9K −$6.29/SF
NOI
$39.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$789,480
Cap Rate 7%
$563,914
Cap Rate 9%
$438,600
Alternative Uses
Best Use
Multifamily LT 5
$563.9K
$493.4K – $657.9K
NOI $39,474 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$500.3K
$437.8K – $583.7K
NOI $35,020 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$644.0K
$563.5K – $751.3K
NOI $45,078 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 21217, MD
30,448
Population
20,064
Households
1.5
Avg Household Size
38
Median Age
22%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
14,499
Density / Sq Mi
$37,207
Median Household Income
$40,668
Median Earnings
$1,065
Median Rent
$175,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Individually metered apartments with recent renovations, separate mechanical systems, and one unit available for occupancy.
Where is this triplex located?
The property is located at 210 LAURENS Street Baltimore, MD.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Licensed three‑unit property with current rental licenses and lead certifications; 2,688 square feet on a 0.06‑acre lot, with 3 apartments; Built in 1890 with brick construction and Victorian architectural style
