Building Details

Year Built 1900

Listing Agency: Realty One Group Universal i***@roguniversal.com Show Phone

Listed By: Alonna Davis · License #661382 Show Phone

Source: Cummingsrealtors

Added: Aug 1 Changed: Oct 4 Last Checked: Oct 4 at 11:11AM

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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 Realty One Group Universal

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.

Key Highlights

• Converted dwelling configuration
• Reported property size of 2,558
• Built in 1900

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,327

Cap Rate

4.77%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $33,327 @ 7.0% cap · market cap 4.77%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$612.8K

$536.2K – $715.0K (±1% cap)

NOI $42,898 @ 7.0% cap · market cap 6.14%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick HVAC Service Daycare Center (Bike/Boat/Book/etc) Store Electrical Service Locksmith Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

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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 3427 KESWICK ROAD Baltimore, MD.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: Converted dwelling configuration; Reported property size of 2,558; Built in 1900