Mixed-Use Building with Operating
For Sale
$495,000
3301 FOSTER Avenue, Baltimore, MD 21224
MULTI_FAMILY - BALTIMORE, MD
Property Size2,560 SF
Lot Size0.03 Acres
Price / SF$193.36
Days on Market86
Property Features for 3301 FOSTER Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Interior features
Wood Floors
Appliances
Refrigerator, Stove
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
2,560 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
6775
Utilities
Heating system
Other (Heating)
Cooling system
Central Air
Building Details
Year built
1913
Number of units
1
Building materials
Brick
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(410) 583-0400
Listed By:
Robert J Breeden · License #632462
(410) 929-2491
Added: May 7
Changed: Jul 17
Last Checked: Jul 31 at 1:06AM
MLS# MDBA2211998
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.
Investment Insights
Based on property information with market context.
This historic mixed-use building offers two income-producing components: an operating bar on the main level and a 2-bedroom apartment upstairs. The property is presented for sale as a combined investment with both commercial and residential space under one roof.
Located at 3301 Foster Avenue in Baltimore, Maryland 21224, the building sits on a 0.0345-acre lot. The listing indicates a liquor license is included in the sale.
With approximately 2,560 square feet of total property size, the layout supports a main-floor commercial operation paired with an upstairs residence, providing flexible use within the same structure.
Located at 3301 Foster Avenue in Baltimore, Maryland 21224, the building sits on a 0.0345-acre lot. The listing indicates a liquor license is included in the sale.
With approximately 2,560 square feet of total property size, the layout supports a main-floor commercial operation paired with an upstairs residence, providing flexible use within the same structure.
Key Highlights
- Operating bar included, providing immediate income.
- Prime Downtown Baltimore location with high visibility and foot traffic.
- Liquor license included in the sale.
Financial Insights For Specialty Retail
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 | $49.2k | $19.20 |
| − Vacancy | −$2.7k | −$1.06 |
| EGI | $46.4k | $18.14 |
| − OpEx | −$11.6k | −$4.54 |
| NOI | $34.8k | $13.61 |
2,560 SF · lease $19.20/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$497.7K
$435.5K – $580.6K
NOI $34,836 @ 7.0% cap · market cap 7.04%
Second Best
Multifamily LT 5
$479.0K
$419.1K – $558.8K
NOI $33,530 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$613.3K
$536.6K – $715.5K
NOI $42,931 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
2,581
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21224, MD
54,266
Population
23,433
Households
2.3
Avg Household Size
33
Median Age
50%
College-Educated
85%
High-School Grad
9.3 sq mi
ZIP Area
5,835
Density / Sq Mi
$86,209
Median Household Income
$63,556
Median Earnings
$1,782
Median Rent
$281,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Starbucks — 3779 Boston St, Baltimore, MD 21224
- Bark Social — 3822 Boston St, Baltimore, MD 21224
- Starbucks — 3559 Boston St, Baltimore, MD 21224
- The Greene Turtle betPARX Sportsbook — 3803 Boston St, Baltimore, MD 21224
- Lighthouse Tavern — 1226 S Clinton St, Baltimore, MD 21224
Frequently Asked Questions
What type of property is this?
Bar & Pub - Historic mixed-use property includes an operating bar on the main level and a 2-bedroom apartment upstairs.
Where is this bar & pub located?
The property is located at 3301 FOSTER Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Operating bar included, providing immediate income.; Prime Downtown Baltimore location with high visibility and foot traffic.; Liquor license included in the sale.
