Building Details

Building Size 850 SF

Year Built 1920

Listing Agency: Alberti Realty, LLC

Listed By: Joseph Avampato · License #5002497 Show Phone

Source: Evrealestate

Added: May 7 Changed: Oct 10 Last Checked: Oct 11 at 6:31AM

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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 Alberti Realty, LLC

Investment Insights

Based on property information with market context.

This residential income property at 3603 4th Street and 3605 in Baltimore was built in 1920. Interior features include ductless heating and an electric water heater. The property is zoned C-2, with on-street parking.

Key Highlights

• C‑2 zoning
• Built in 1920
• Ductless heating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,074

Cap Rate

6.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$221,480 $221.5K

Cap Rate 7%

$158,200 $158.2K

Cap Rate 9%

$123,044 $123.0K

Market Conditions

NOI Build-Up for 850 SF

Gross rent

$21.4K $25.20/SF

− Vacancy

−$1.3K −$1.51/SF

EGI

$20.1K $23.69/SF

− OpEx

−$9.1K −$10.66/SF

NOI

$11.1K $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%

$221,480

Cap Rate 7%

$158,200

Cap Rate 9%

$123,044

Alternative Uses

Best Use

Apartment 5plus

$158.2K

$138.4K – $184.6K (±1% cap)

NOI $11,074 @ 7.0% cap · market cap 6.15%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$203.6K

$178.2K – $237.6K (±1% cap)

NOI $14,255 @ 7.0% cap · market cap 7.92%

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 Real Estate Agency Law Firm Electrical Service Skin Care Clinic Bakery Spa & Massage Center

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

711

Businesses Nearby

Explore this area Business Placement

Demographics for 21225, MD

34,138

Population

14,434

Households

2.4

Avg Household Size

34

Median Age

14%

College-Educated

79%

High-School Grad

6.5 sq mi

ZIP Area

5,252

Density / Sq Mi

$50,069

Median Household Income

$35,991

Median Earnings

$1,118

Median Rent

$214,000

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 - The property has ductless heating and an electric water heater.

Where is this residential income property located?

The property is located at 3603 4TH STREET 3605 Baltimore, MD.

What is the asking price?

The asking price for this property is $179,999.

What are key features of this property?

This property features: C‑2 zoning; Built in 1920; Ductless heating