Live-Work Mixed-Use
For Sale
$500,000
3433 Greenmount Ave, Baltimore, MD 21218
Two-level mixed-use building with a 2-bedroom apartment above and flexible main-level commercial space.
Property Size2,890 SF
Price / SF$173.01
Days on Market192
Property Features for 3433 Greenmount Ave
General Information
Standard status
Active
Size
2,890 SF
Building Details
Year Built
1920
Listing Agency:
Monument Sotheby's International Realty
Listed By:
Hulya Demir · License #5018756
(443) 858-3766
Source:
Elkaimpropertygroup
Added: Apr 12
Changed: Oct 10
Last Checked: Oct 7 at 1:30PM
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 Monument Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This mixed-use live-work property features residential space on the second floor and flexible commercial space on the main level. The second floor includes a 2-bedroom apartment with a full bathroom, spacious kitchen, and large living room.
The main level is suited for a restaurant, coffee shop, retail, or office and includes commercial kitchen space with an 8' hood. The property also offers off-street parking and is positioned in an area with a high traffic count.
Overall, the building is configured to support live-and-work use or multiple income streams, with clear separation between the residential unit upstairs and the commercial operating space below.
The main level is suited for a restaurant, coffee shop, retail, or office and includes commercial kitchen space with an 8' hood. The property also offers off-street parking and is positioned in an area with a high traffic count.
Overall, the building is configured to support live-and-work use or multiple income streams, with clear separation between the residential unit upstairs and the commercial operating space below.
Key Highlights
- Two‑level mixed‑use building with a 2‑bedroom apartment on the 2nd floor
- 2nd‑floor apartment includes a full bathroom, spacious kitchen, and large living room
- Main level offers flexible commercial space for a restaurant, coffee shop, retail, or office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,281
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,620
$865.6K
Cap Rate 7%
$618,300
$618.3K
Cap Rate 9%
$480,900
$480.9K
Market Conditions
NOI Build-Up for 2,890 SF
Gross rent
$69.4K $24.00/SF
− Vacancy
−$11.7K −$4.03/SF
EGI
$57.7K $19.97/SF
− OpEx
−$14.4K −$4.99/SF
NOI
$43.3K $14.98/SF
Area
ZIP 21218
Vacancy
16.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,620
Cap Rate 7%
$618,300
Cap Rate 9%
$480,900
Alternative Uses
Best Use
Office B
$618.3K
$541.0K – $721.4K
NOI $43,281 @ 7.0% cap · market cap 8.66%
Second Best
Mixed Use
$545.0K
$476.9K – $635.8K
NOI $38,148 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$785.7K
$687.5K – $916.7K
NOI $55,002 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,985
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Live-work space - Two-level mixed-use building with a 2-bedroom apartment above and flexible main-level commercial space.
Where is this live-work space located?
The property is located at 3433 Greenmount Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑level mixed‑use building with a 2‑bedroom apartment on the 2nd floor; 2nd‑floor apartment includes a full bathroom, spacious kitchen, and large living room; Main level offers flexible commercial space for a restaurant, coffee shop, retail, or office
