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Mixed-Use Building with Income Potential

25 West North Avenue Baltimore, MD 21201

Claim this Listing
For Sale
$599,900

Multifamily building with commercial unit, live/work flexibility.

Type:Multi-Family / Fee Simple
Property size:
3,150 SF
Price / SF:
$190/SF
Added:
Apr 6, 2026
Days on Market:
98
Last Refresh:
Jul 5 at 12:13 am

Property Features for 25 West North Avenue

General Information

Standard status
Active
Size
3,150 SF
Property subtype
Multi-Family / Fee Simple

Building Details

Year Built
1900

Listing office EXP Realty, LLC

Listing date Apr 6, 2026

Source Compass

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 EXP Realty, LLC


Investment Insights

Based on property information with market context.

This mixed-use property presents an opportunity for owner-occupants or investors, featuring C-2 zoning and income potential. The building includes a leased commercial unit on the main level, offering storefront visibility. The commercial space has access to the basement and an additional half bathroom. The second-floor apartment features 1 bedroom and 1.5 bathrooms, engineered wood floors, and an open floor plan. The kitchen is generously sized with cabinetry and prep space. The full bath includes a tub/shower combo, and there is an additional half bath. The third-floor unit also features 1 bedroom and 1.5 bathrooms with similar finishes and layout, including engineered wood floors, an open-concept design, a spacious kitchen with abundant cabinets and prep space, a large bedroom, and a full bath with a tub/shower combo. Located in Baltimore City, this property offers a versatile investment with both commercial and residential income potential.

Key Highlights

  • Mixed‑use C‑2 zoning provides income potential and live/work flexibility.
  • Leased commercial unit on the main level offers immediate income and strong storefront visibility.
  • Two residential units (second and third floor), each with 1 bedroom and 1.5 bathrooms, offer additional income potential.

Local 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 $69.9k $22.20
− Vacancy −$3.8k −$1.22
EGI $66.1k $20.98
− OpEx −$19.8k −$6.29
NOI $46.3k $14.69
3,150 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$660.8K
$578.2K – $771.0K (±1% cap)
NOI $46,259 @ 7.0% cap · market cap 7.71%
Second Best
Retail
$636.9K
$557.3K – $743.1K (±1% cap)
NOI $44,585 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$754.7K
$660.3K – $880.4K (±1% cap)
NOI $52,826 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Ertha Harris Committee Advocacy Group SFW Inc Auto Parts Store

Suggested Use

Pet Store Butcher Pet Store & Service (Bike/Boat/Book/etc) Store Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Clothing & Fashion Store (Bike/Boat/Book/etc) Store Florist

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Multifamily building with commercial unit, live/work flexibility.
Where is this mixed-use property located?
The property is located at 25 West North Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Mixed‑use C‑2 zoning provides income potential and live/work flexibility.; Leased commercial unit on the main level offers immediate income and **strong storefront visibility.**; Two residential units (second and third floor), each with 1 bedroom and 1.5 bathrooms, offer additional income potential.
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