Multifamily
For Sale
$425,000
2402 Lakeview Avenue, Baltimore, MD 21217
The property is zoned R-7.
Property Size2,880 SF
Lot Size0.05 Acres
Price / SF$147.57
Days on Market51
Property Features for 2402 Lakeview Avenue
General Information
Standard status
Active
Size
2,880 SF
Lot size
0.05 Acres
Property subtype
Multi Family Home
Zoning
R-7
Taxes and HOA fees
Annual Taxes
$3,658
Building Details
Building Size
2,880 SF
Year Built
1908
Units
3
Listing Agency:
Fairfax Realty Premier
(301) 439-9500
Listed By:
Kobi I Enwemnwa · License #619810
(240) 305-3705
Source:
Capitalareahome
Added: Sep 3
Changed: Oct 22
Last Checked: Oct 22 at 9:09AM
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 Fairfax Realty Premier
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains 2,880 square feet of finished area on a 0.05-acre parcel. The building dates to 1908 and carries R-7 zoning.
The property is located at 2402 Lakeview Avenue in Baltimore, Maryland, 21217.
The property is located at 2402 Lakeview Avenue in Baltimore, Maryland, 21217.
Key Highlights
- 2,880 square feet of finished area
- 0.05‑acre lot
- Built in 1908
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,522
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,440
$750.4K
Cap Rate 7%
$536,029
$536.0K
Cap Rate 9%
$416,911
$416.9K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$72.6K $25.20/SF
− Vacancy
−$4.4K −$1.51/SF
EGI
$68.2K $23.69/SF
− OpEx
−$30.7K −$10.66/SF
NOI
$37.5K $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%
$750,440
Cap Rate 7%
$536,029
Cap Rate 9%
$416,911
Alternative Uses
Best Use
Apartment 5plus
$536.0K
$469.0K – $625.4K
NOI $37,522 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$690.0K
$603.7K – $805.0K
NOI $48,298 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,159
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property is zoned R-7.
Where is this multifamily property located?
The property is located at 2402 Lakeview Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,880 square feet of finished area; 0.05‑acre lot; Built in 1908
