Traditional Residential Income
For Sale
$495,000
2202 BROOKFIELD AVENUE, Baltimore, MD 21217
Built in 1911 with electric heating, an electric water heater, and alley access.
Property Size3,060 SF
Days on Market97
Property Features for 2202 BROOKFIELD AVENUE
General Information
Standard status
Active
Size
3,060 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$6,195
Building Details
Building Size
3,060 SF
Year Built
1911
Listing Agency:
Keller Williams Capital Properties
Listed By:
Mark V Ellington · License #525313
(202) 262-7968
Source:
Thehulsmangroup
Added: Jul 8
Changed: Oct 3
Last Checked: Oct 11 at 12:44PM
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 traditional residential income property was constructed in 1911. The available building details include electric service, heat-pump heating, and an electric water heater. Exterior access includes off-street parking, on-street parking, and alley access, along with exterior lighting.
Located at 2202 Brookfield Avenue in Baltimore, Maryland, the property is zoned R-7 and situated in Baltimore City.
Located at 2202 Brookfield Avenue in Baltimore, Maryland, the property is zoned R-7 and situated in Baltimore City.
Key Highlights
- Residential income property with R‑7 zoning
- Constructed in 1911
- Heat‑pump heating with electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,867
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,340
$797.3K
Cap Rate 7%
$569,529
$569.5K
Cap Rate 9%
$442,967
$443.0K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$77.1K $25.20/SF
− Vacancy
−$4.6K −$1.51/SF
EGI
$72.5K $23.69/SF
− OpEx
−$32.6K −$10.66/SF
NOI
$39.9K $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%
$797,340
Cap Rate 7%
$569,529
Cap Rate 9%
$442,967
Alternative Uses
Best Use
Apartment 5plus
$569.5K
$498.3K – $664.5K
NOI $39,867 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$733.1K
$641.5K – $855.3K
NOI $51,316 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,241
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1911 with electric heating, an electric water heater, and alley access.
Where is this residential income property located?
The property is located at 2202 BROOKFIELD AVENUE Baltimore, MD.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Residential income property with R‑7 zoning; Constructed in 1911; Heat‑pump heating with electric service
