Converted Residential Income
For Sale
$710,000
3425 KESWICK ROAD, Baltimore, MD 21211
Baltimore City property with detached garage, off-street parking, central air, and electric heat pump.
Property Size2,562 SF
Price / SF$277.56
Days on Market8
Property Features for 3425 KESWICK ROAD
General Information
Standard status
Active
Size
2,562 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R-6
Taxes and HOA fees
Annual Taxes
$14,514
Amenities
Central Air, Ceiling Fan(s), Electric
Electric, Heat Pump
Other
Electric Water Heater
Garage Door Opener, Off Street, Garage, Detached
Converted Dwelling
Building Details
Building Size
2,562 SF
Year Built
1900
Listing Agency:
(443) 740-5751
Listed By:
Alonna Davis · License #661382
(443) 740-5751
Source:
Evrealestate
Added: Aug 2
Changed: Aug 8
Last Checked: Aug 8 at 7:32AM
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 Alonna Davis
Investment Insights
Based on property information with market context.
This converted residential income property at 3425 Keswick Road in Baltimore, Maryland, has a reported property size of 2,558 and dates to 1900. The home includes central air, ceiling fans, electric service, a heat pump, and an electric water heater. A detached garage with an opener and off-street parking add functional site improvements.
The property is located in Baltimore City and carries R-6 zoning. Its converted-dwelling configuration and existing residential systems support evaluation by buyers seeking a residential income asset with established improvements.
The property is located in Baltimore City and carries R-6 zoning. Its converted-dwelling configuration and existing residential systems support evaluation by buyers seeking a residential income asset with established improvements.
Key Highlights
- Converted dwelling configuration
- Reported property size of 2,558
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,327
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$666,540
$666.5K
Cap Rate 7%
$476,100
$476.1K
Cap Rate 9%
$370,300
$370.3K
Market Conditions
NOI Build-Up for 2,558 SF
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.
Gross rent
$64.5K $25.20/SF
− Vacancy
−$3.9K −$1.51/SF
EGI
$60.6K $23.69/SF
− OpEx
−$27.3K −$10.66/SF
NOI
$33.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$666,540
Cap Rate 7%
$476,100
Cap Rate 9%
$370,300
Alternative Uses
Best Use
Apartment 5plus
$476.1K
$416.6K – $555.5K
NOI $33,327 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$612.8K
$536.2K – $715.0K
NOI $42,898 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 21211, MD
17,721
Population
9,056
Households
2
Avg Household Size
37
Median Age
61%
College-Educated
93%
High-School Grad
2.9 sq mi
ZIP Area
6,111
Density / Sq Mi
$81,467
Median Household Income
$64,019
Median Earnings
$1,577
Median Rent
$274,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Baltimore City property with detached garage, off-street parking, central air, and electric heat pump.
Where is this residential income property located?
The property is located at 3425 KESWICK ROAD Baltimore, MD.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Converted dwelling configuration; Reported property size of 2,558; Built in 1900
