Brick Triplex with Three Two-Bedroom
For Sale
$495,000
2202 BROOKFIELD Avenue, Baltimore, MD 21217
Multi-Family, BALTIMORE, MD
Property Size3,060 SF
Lot Size0.20 Acres
Price / SF$161.76
Days on Market101
Property Features for 2202 BROOKFIELD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
Off Street, On Street, Alley
Subdivision
WYMAN PARK HAMPDEN
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
3,060 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
6195
Utilities
Heating system
Heat Pump (Heating)
Building Details
Year built
1911
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Mark V Ellington · License #525313
(202) 262-7968
Added: Jul 8
Changed: Sep 16
Last Checked: Oct 16 at 6:06AM
MLS# MDBA2222682
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.
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Investment Insights
Based on property information with market context.
This brick triplex contains three residential units, each configured with two bedrooms and one bathroom. The 3,060-square-foot property was built in 1911 and includes a basement. Heating is provided by a heat pump, and the building is described as being in good condition.
The 0.2-acre property is located in Baltimore, Maryland, with on-street, off-street, and alley parking options. Current occupancy is reported at 100%, with all units occupied by voucher-supported tenants. Lead certifications and other property documents are certified, and the property may qualify for FHA, VA, conventional, and cash purchases.
The 0.2-acre property is located in Baltimore, Maryland, with on-street, off-street, and alley parking options. Current occupancy is reported at 100%, with all units occupied by voucher-supported tenants. Lead certifications and other property documents are certified, and the property may qualify for FHA, VA, conventional, and cash purchases.
Key Highlights
- Three‑unit multifamily property with three 2‑bedroom, 1‑bath units
- 3,060 square feet on a 0.2‑acre lot
- 100% occupied with voucher‑supported tenancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,937
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,740
$898.7K
Cap Rate 7%
$641,957
$642.0K
Cap Rate 9%
$499,300
$499.3K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$67.9K $22.20/SF
− Vacancy
−$3.7K −$1.22/SF
EGI
$64.2K $20.98/SF
− OpEx
−$19.3K −$6.29/SF
NOI
$44.9K $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 Rate 5%
$898,740
Cap Rate 7%
$641,957
Cap Rate 9%
$499,300
Alternative Uses
Best Use
Multifamily LT 5
$642.0K
$561.7K – $749.0K
NOI $44,937 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$569.5K
$498.3K – $664.5K
NOI $39,867 @ 7.0% cap · market cap 8.05%
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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied residential income property with voucher-supported tenancy and a basement.
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 $495,000.
What are key features of this property?
This property features: Three‑unit multifamily property with three 2‑bedroom, 1‑bath units; 3,060 square feet on a 0.2‑acre lot; 100% occupied with voucher‑supported tenancy
