Renovated 3-Unit
For Sale
$399,900
2143 Druid Hill Avenue, Baltimore, MD 21217
Updated interiors, in-unit laundry, and a mix of one- and two-bedroom residences support flexible occupancy.
Property Size3,450 SF
Price / SF$157.75
Days on Market220
Property Features for 2143 Druid Hill Avenue
General Information
Standard status
Active
Size
3,450 SF
Property subtype
Multi-Family
Zoning
R
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Amenities
in-unit laundry
Unfinished
Natural Gas
Yes
No
Estimated
No Pool
Public
0.08
On Street
Other
Building Details
Building Size
3,450 SF
Year Built
1920
Listing Agency:
Coldwell Banker Realty
(856) 222-0077
Listed By:
Tyler Mecca
Source:
Thetristaterealestategroup
Added: Mar 5
Changed: Oct 10
Last Checked: Oct 11 at 4:58AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 2,535-square-foot triplex contains three residential units within an end-of-group building constructed in 1920. The configuration includes two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Each residence has been renovated with wood laminate flooring, granite kitchen counters, stainless-steel appliances, updated bathrooms, and in-unit laundry. The property is legally zoned R and includes natural gas service.
Located at 2143 Druid Hill Avenue in Baltimore, the property offers a combination of updated unit interiors and a defined three-unit layout. One of the 1-bedroom units is rented, while the remaining residences provide additional occupancy or leasing flexibility. The building is served by public water and has on-street parking.
Located at 2143 Druid Hill Avenue in Baltimore, the property offers a combination of updated unit interiors and a defined three-unit layout. One of the 1-bedroom units is rented, while the remaining residences provide additional occupancy or leasing flexibility. The building is served by public water and has on-street parking.
Key Highlights
- Three‑unit triplex with 2,535 SF of building area
- Unit mix includes two 2‑bedroom, 1‑bath residences and one 1‑bedroom, 1‑bath residence
- Renovated interiors feature wood laminate flooring and updated bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,027
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,540
$660.5K
Cap Rate 7%
$471,814
$471.8K
Cap Rate 9%
$366,967
$367.0K
Market Conditions
NOI Build-Up for 2,535 SF
Gross rent
$63.9K $25.20/SF
− Vacancy
−$3.8K −$1.51/SF
EGI
$60.0K $23.69/SF
− OpEx
−$27.0K −$10.66/SF
NOI
$33.0K $13.03/SF
Area
Baltimore, MD
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,540
Cap Rate 7%
$471,814
Cap Rate 9%
$366,967
Alternative Uses
Best Use
Multifamily LT 5
$531.8K
$465.3K – $620.5K
NOI $37,227 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$471.8K
$412.8K – $550.5K
NOI $33,027 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$607.3K
$531.4K – $708.5K
NOI $42,512 @ 7.0% cap · market cap 10.63%
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
1,442
Businesses Nearby
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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
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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 - Updated interiors, in-unit laundry, and a mix of one- and two-bedroom residences support flexible occupancy.
Where is this triplex located?
The property is located at 2143 Druid Hill Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Three‑unit triplex with 2,535 SF of building area; Unit mix includes two 2‑bedroom, 1‑bath residences and one 1‑bedroom, 1‑bath residence; Renovated interiors feature wood laminate flooring and updated bathrooms
