Brick Triplex with
For Sale
$425,000
2402 LAKEVIEW Avenue, Baltimore, MD 21217
Multi-Family, BALTIMORE, MD
Property Size2,880 SF
Lot Size0.05 Acres
Price / SF$147.57
Days on Market44
Property Features for 2402 LAKEVIEW Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
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
2,880 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
3658
Utilities
Heating system
Other (Heating)
Cooling system
Central Air
Building Details
Year built
1908
Number of units
3
Building materials
Brick
Listing Agency:
Fairfax Realty Premier
(301) 439-9500
Listed By:
Kobi I Enwemnwa · License #619810
(240) 305-3705
Added: Sep 3
Changed: Oct 16
Last Checked: Oct 16 at 5:06PM
MLS# MDBA2229624
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, built in 1908, contains 2,880 square feet of finished area on a 0.0518-acre lot. The property includes a basement and central air conditioning; the listed heating system is identified as other.
Key Highlights
- Triplex with 2,880 square feet of finished area
- 0.0518‑acre lot
- Brick construction; 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
Multifamily LT 5
$604.2K
$528.7K – $704.9K
NOI $42,294 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$536.0K
$469.0K – $625.4K
NOI $37,522 @ 7.0% cap · market cap 8.83%
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.
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Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - A brick residential income property with basement space and central air conditioning.
Where is this triplex 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: Triplex with 2,880 square feet of finished area; 0.0518‑acre lot; Brick construction; built in 1908
