Three-Unit Residential Income
2202 Brookfield Avenue Baltimore, MD 21217
2202 Brookfield Avenue, Baltimore, MD, 21217
$525,000
For Sale
$525,000
Three fully occupied units, each with two bedrooms and one bathroom, currently supported by housing vouchers.
Property Size3,060 SF
Price / SF$171.57
Days on Market27
Property Features for 2202 Brookfield Avenue
General Information
- Standard status
- Active
- Size
- 3,060 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1911
Listing agency
Keller Williams Capital Properties
(202) 262-7968
Listed by
Mark V Ellington · License #525313
(202) 262-7968
Source
Compass
Added: Jun 25 Updated: Jul 21 at 4:38AM Checked: Jul 21 at 4:38AM
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 Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
This three-unit residential income property features three fully occupied units, with each unit configured as a 2-bedroom, 1-bath layout. The property is described as being in good shape and presented as turnkey, with all documents and licenses certified, including lead certifications.
Located in Baltimore City and within city limits, the property is aligned with the Baltimore City Public Schools district.
Financing is available through FHA and VA programs, as well as conventional and cash purchases. The current operating status is noted as all units being on vouchers and fully occupied.
Located in Baltimore City and within city limits, the property is aligned with the Baltimore City Public Schools district.
Financing is available through FHA and VA programs, as well as conventional and cash purchases. The current operating status is noted as all units being on vouchers and fully occupied.
Key Highlights
- 3‑unit multi‑family property in Baltimore City, all fully occupied
- All units are 2 BR / 1 BA and currently supported by housing vouchers
- Year built: 1911
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.9k | $22.20 |
| − Vacancy | −$3.7k | −$1.22 |
| EGI | $64.2k | $20.98 |
| − OpEx | −$19.3k | −$6.29 |
| NOI | $44.9k | $14.69 |
3,060 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$642.0K
$561.7K – $749.0K
NOI $44,937 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$569.5K
$498.3K – $664.5K
NOI $39,867 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$733.1K
$641.5K – $855.3K
NOI $51,316 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three fully occupied units, each with two bedrooms and one bathroom, currently supported by housing vouchers.
Where is this triplex located?
The property is located at 2202 Brookfield Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3‑unit multi‑family property in Baltimore City, all fully occupied; All units are 2 BR / 1 BA and currently supported by housing vouchers; Year built: 1911
