Triplex with Detached
For Sale
$525,000
339 E 31St Street, Baltimore, MD 21218
Three separately metered apartments feature wood flooring, updated kitchens, in-unit laundry, and air conditioning.
Property Size3,024 SF
Price / SF$173.61
Days on Market116
Property Features for 339 E 31St Street
General Information
Standard status
Active
Size
3,024 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 2 x 3BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$34,500
Amenities
in-unit laundry
air conditioning
covered rear deck
Outside Entrance,Rear Entrance,Unfinished,Walkout Stairs
Wood,Luxury Vinyl Plank,Tile/Brick
Electric
Yes
Natural Gas
No
Assessor
Bathroom - Tub Shower,Bathroom - Walk-In Shower,Ceiling Fan(s),Wood Floors
2
No Pool
refrigerators,stoves,washers,dryers
Corner
Public
Six Panel
R
0.00
Garage - Side Entry
Estimated
Detached Garage,Off Street
Parking Space Conveys
Exterior Lighting,Gutter System,Fire Escape,Sidewalks,Street Lights
Other
60000.00
Building Details
Building Size
4,032 SF
Year Built
1900
Stories
3
Listing Agency:
Urban And Village Home
(856) 630-4482
Listed By:
Julia Joyce-Hall
(856) 630-4482
Source:
Thetristaterealestategroup
Added: Apr 8
Changed: Jul 31
Last Checked: Aug 1 at 2:53AM
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 Urban And Village Home
Investment Insights
Based on property information with market context.
This 3,024-square-foot triplex at 339 E 31St Street includes three separately metered apartments and two detached rear garages. Unit 1 occupies the main level with one bedroom and one full bathroom. Unit 2 fills the second level with three bedrooms and one full bathroom. The third-floor penthouse offers three bedrooms, one full bathroom, a covered rear deck, and private access from the rear staircase. All units feature abundant natural light, wood flooring, updated kitchens, in-unit laundry, and air conditioning.
Improvements include new heating systems for units 1 and 3, new refrigerators throughout, and 2023 updates to unit 3. Unit 2 received new mini-splits, LVP flooring, a bathroom vanity, and paint in 2021. The property includes written leases for units 1 and 2, lead certificates, and a 3-unit rental license valid through 5/8/2028. Johns Hopkins University, Medstar Union Memorial Hospital, and the Baltimore Museum of Art are each within 0.5 miles, while downtown Baltimore is 3 miles away.
Improvements include new heating systems for units 1 and 3, new refrigerators throughout, and 2023 updates to unit 3. Unit 2 received new mini-splits, LVP flooring, a bathroom vanity, and paint in 2021. The property includes written leases for units 1 and 2, lead certificates, and a 3-unit rental license valid through 5/8/2028. Johns Hopkins University, Medstar Union Memorial Hospital, and the Baltimore Museum of Art are each within 0.5 miles, while downtown Baltimore is 3 miles away.
Key Highlights
- 3,024‑square‑foot triplex with three separately metered units
- Two detached rear garages with off‑street parking
- Unit mix includes 1‑bedroom and two 3‑bedroom apartments
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 | $59.9k | $19.80 |
| − Vacancy | −$3.7k | −$1.22 |
| EGI | $56.2k | $18.58 |
| − OpEx | −$16.9k | −$5.57 |
| NOI | $39.3k | $13.00 |
3,024 SF · lease $19.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$561.8K
$491.6K – $655.5K
NOI $39,327 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$501.2K
$438.5K – $584.7K
NOI $35,083 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$822.2K
$719.4K – $959.2K
NOI $57,553 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered apartments feature wood flooring, updated kitchens, in-unit laundry, and air conditioning.
Where is this triplex located?
The property is located at 339 E 31St Street Baltimore, MD.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,024‑square‑foot triplex with three separately metered units; Two detached rear garages with off‑street parking; Unit mix includes 1‑bedroom and two 3‑bedroom apartments
