Four-Unit Multifamily
3211 GUILFORD AVENUE, Baltimore, MD 21218
For Sale
$455,000
Multifamily building with varied apartment layouts, separate utility metering, and proximity to major institutional and university destinations.
Property Size2,394 SF
Days on Market60
Property Features for 3211 GUILFORD AVENUE
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Ben Frederick Realty, Inc.
Listed By:
Will A Cannon III · License MD #657102
(410) 916-3331
Source:
Thehulsmangroup
Added: Sep 16
Changed: Nov 13
Last Checked: Nov 12 at 6:21PM
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 Ben Frederick Realty, Inc.
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 2,394-square-foot multifamily property contains four apartments: three one-bedroom units and one studio. Built in 1900, the building includes kitchens with wood cabinets, laminate counters, stainless steel sinks, and gas ranges. Apartment interiors feature hardwood or vinyl flooring, plaster walls and ceilings, and bathrooms with assorted sink and tub configurations. Deferred maintenance is present, and existing rents are below market according to the property information.
The property is located at 3211 Guilford Avenue in Baltimore’s Charles Village, directly across from MedStar Union Memorial Hospital. Johns Hopkins University’s Homewood Campus is two blocks away, the Johns Hopkins Shuttle is one block away, and the Charles Village Shopping District is also one block from the building.
Heating is provided by an oil-fired boiler. Each apartment has its own water heater, while four gas meters and five electric meters support substantial utility separation. Tenants pay electric, cooking gas, and hot water; the owner pays for heat and cold water.
The property is located at 3211 Guilford Avenue in Baltimore’s Charles Village, directly across from MedStar Union Memorial Hospital. Johns Hopkins University’s Homewood Campus is two blocks away, the Johns Hopkins Shuttle is one block away, and the Charles Village Shopping District is also one block from the building.
Heating is provided by an oil-fired boiler. Each apartment has its own water heater, while four gas meters and five electric meters support substantial utility separation. Tenants pay electric, cooking gas, and hot water; the owner pays for heat and cold water.
Key Highlights
- Four‑unit configuration with three one‑bedroom apartments and one studio
- 2,394‑square‑foot multifamily property built in 1900
- Four gas meters and five electric meters provide utility separation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,134
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,680
$622.7K
Cap Rate 7%
$444,771
$444.8K
Cap Rate 9%
$345,933
$345.9K
Market Conditions
NOI Build-Up for 2,394 SF
Gross rent
$47.4K $19.80/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$44.5K $18.58/SF
− OpEx
−$13.3K −$5.57/SF
NOI
$31.1K $13.00/SF
Area
ZIP 21218
Vacancy
6.17%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,680
Cap Rate 7%
$444,771
Cap Rate 9%
$345,933
Alternative Uses
Best Use
Multifamily LT 5
$444.8K
$389.2K – $518.9K
NOI $31,134 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$396.8K
$347.2K – $462.9K
NOI $27,774 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$650.9K
$569.5K – $759.4K
NOI $45,563 @ 7.0% cap · market cap 10.01%
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
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,780
Businesses Nearby
Explore this area
Business Placement
Demographics for 21218, MD
46,238
Population
21,751
Households
2.1
Avg Household Size
34
Median Age
44%
College-Educated
90%
High-School Grad
4.3 sq mi
ZIP Area
10,753
Density / Sq Mi
$58,378
Median Household Income
$38,316
Median Earnings
$1,239
Median Rent
$229,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Baltimore, MD
Properties on Market for Quadplexes in Baltimore
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily building with varied apartment layouts, separate utility metering, and proximity to major institutional and university destinations.
Where is this quadplex located?
The property is located at 3211 GUILFORD AVENUE Baltimore, MD.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Four‑unit configuration with three one‑bedroom apartments and one studio; 2,394‑square‑foot multifamily property built in 1900; Four gas meters and five electric meters provide utility separation
