Renovated
New
For Sale
$450,000
2303 WHITTIER AVE, Baltimore, MD 21217
Three two-bedroom residences provide flexibility for an owner-occupant or rental operation.
Property Size3,030 SF
Price / SF$148.51
Days on Market4
Property Features for 2303 WHITTIER AVE
General Information
Standard status
Active
Size
3,030 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Auchentoroly-Parkwood
Units
Unit Mix
3 x 2BR/2BA
Multifamily Units
3
Amenities
fenced rear yard
Listing Agency:
ExecuHome Realty
(443) 632-3000
Listed By:
Candie Ferguson · License #670931
(443) 447-1156
Source:
Hostetterrealty
Added: Oct 28
Last Checked: Oct 30 at 2:46PM
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 ExecuHome Realty
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Investment Insights
Based on property information with market context.
This renovated triplex contains three separate units, each with 2 bedrooms and 2 full bathrooms. The property totals 3,030 square feet, with 6 bedrooms and 6 full bathrooms across the units.
A fenced rear yard provides outdoor space for residents. The three-unit configuration supports either rental of all units or occupancy of one unit while renting the other two.
A fenced rear yard provides outdoor space for residents. The three-unit configuration supports either rental of all units or occupancy of one unit while renting the other two.
Key Highlights
- Three units, each with 2 bedrooms and 2 full bathrooms
- 3,030 square feet across the property
- 6 bedrooms and 6 full bathrooms in total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,476
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,520
$789.5K
Cap Rate 7%
$563,943
$563.9K
Cap Rate 9%
$438,622
$438.6K
Market Conditions
NOI Build-Up for 3,030 SF
Gross rent
$76.4K $25.20/SF
− Vacancy
−$4.6K −$1.51/SF
EGI
$71.8K $23.69/SF
− OpEx
−$32.3K −$10.66/SF
NOI
$39.5K $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%
$789,520
Cap Rate 7%
$563,943
Cap Rate 9%
$438,622
Alternative Uses
Best Use
Multifamily LT 5
$635.7K
$556.2K – $741.6K
NOI $44,496 @ 7.0% cap · market cap 9.89%
Second Best
Apartment 5plus
$563.9K
$493.5K – $657.9K
NOI $39,476 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$725.9K
$635.2K – $846.9K
NOI $50,813 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,061
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
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom residences provide flexibility for an owner-occupant or rental operation.
Where is this triplex located?
The property is located at 2303 WHITTIER AVE Baltimore, MD.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 2 full bathrooms; 3,030 square feet across the property; 6 bedrooms and 6 full bathrooms in total
