Three-Unit Residential Income
For Sale
$525,000
2202 Brookfield Avenue, Baltimore, MD 21217
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 Market36
Property Features for 2202 Brookfield Avenue
General Information
Standard status
Active
Size
3,060 SF
Property subtype
Multi-Family / Fee Simple
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Year Built
1911
Tenancy
Multi
Listing Agency:
Keller Williams Capital Properties
(202) 262-7968
Listed By:
Mark V Ellington · License #525313
(202) 262-7968
Source:
Compass
Added: Jun 25
Changed: Jul 21
Last Checked: Jul 29 at 1:08PM
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
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 authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,264
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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
