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Three-Unit Residential Income Property
For Sale
$125,000

347 S SMALLWOOD Street, Baltimore, MD 21223

MULTI_FAMILY - Other - BALTIMORE, MD

Lot Size0.03 Acres
Days on Market143

Property Features for 347 S SMALLWOOD Street

General Information

Property type Residential Multi Family
Property subtype Other
Parking features On Street
Elementary school district BALTIMORE CITY PUBLIC SCHOOLS
Middle school district BALTIMORE CITY PUBLIC SCHOOLS
High school district BALTIMORE CITY PUBLIC SCHOOLS
Standard status Active
Lot size 0.03 Acres

Taxes and HOA fees

Tax Annual Amount 1056

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1900
Number of units 1
Building materials Brick
Architectural style Other
Listing Agency: Keller Williams Legacy · Keller Williams Realty
Listed By: Austin J Carroll · License #660906
Added: Mar 10 Changed: Jul 15 Last Checked: Jul 30 at 9:06PM
MLS# MDBA2205596

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 three-unit residential income property includes a studio apartment on the ground level that is currently occupied by a long-term tenant paying $575 per month. Unit 2 is a large one-bedroom unit on the main level and is currently vacant. Unit 3 is on the top level, currently vacant, and is a three-bedroom, one-bath unit that needs cosmetic renovation.

The property is located in Baltimore, Maryland, at 347 S Smallwood Street (21223). The seller notes this can be purchased individually or as part of a discounted portfolio package that includes 4109 Norfolk Ave, 4110 Norfolk Ave, and 3004 Edmondson Ave.

Prospective buyers should verify all information provided by the agent.

Key Highlights

  • Three‑unit property offering a mix of cash flow and renovation potential.
  • Unit 3: Vacant 3‑bedroom, 1‑bathroom unit with renovation upside.
  • Unit 2: Vacant 1‑bedroom unit with estimated market rent of $1,000 per month.**

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Computer & Electronic Repair Cafe & Coffee Shop Accounting Firm

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

1,226
Businesses Nearby

Demographics for 21223, MD

20,438
Population
13,034
Households
1.6
Avg Household Size
37
Median Age
12%
College-Educated
75%
High-School Grad
2.6 sq mi
ZIP Area
7,861
Density / Sq Mi
$41,828
Median Household Income
$33,367
Median Earnings
$1,110
Median Rent
$93,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit property with one occupied studio and two vacant units requiring renovation and leasing.
Where is this triplex located?
The property is located at 347 S SMALLWOOD Street Baltimore, MD.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Three‑unit property offering a mix of cash flow and renovation potential.; Unit 3: Vacant 3‑bedroom, 1‑bathroom unit with renovation upside.; Unit 2: Vacant 1‑bedroom unit with estimated market rent of $1,000 per month.**
More about this property
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