Residential Income Property with Private
For Sale
$319,000
3902 CANTERBURY ROAD Unit 3A, Baltimore, MD 21218
Top-floor residence with two bedrooms, two full bathrooms, a private patio, and association-covered building services.
Property Size1,625 SF
Price / SF$196.31
Days on Market19
Property Features for 3902 CANTERBURY ROAD Unit 3A
General Information
Standard status
Active
Size
1,625 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,350
Amenities
wood-burning fireplace
private patio
off-street parking
private garage
lawn care
snow removal
exterior maintenance
trash service
Building Details
Building Size
1,625 SF
Year Built
1910
Construction
Beaux-Arts
Listing Agency:
Compass
Listed By:
Molly Reed · License #0679817
(518) 496-5674
Source:
Thehulsmangroup
Added: Sep 17
Changed: Oct 3
Last Checked: Oct 4 at 2:28PM
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 Compass
Investment Insights
Based on property information with market context.
This top-floor residential property occupies a 1,625-square-foot unit in a brick building completed in 1910. The interior includes an open living arrangement, a large entry foyer, high ceilings, crown molding, arched openings, hardwood flooring, a wood-burning fireplace, private study, dining room, kitchen, two bedrooms, and two full bathrooms. A private patio adds outdoor space, while a private garage and off-street parking provide dedicated vehicle storage.
Association services include lawn care, snow removal, exterior maintenance, and trash service. Heat and water are also included. The property is located at 3902 Canterbury Road in Baltimore, approximately two blocks from Johns Hopkins Homewood Campus and near Wyman Park, the Baltimore Museum of Art & Sculpture Garden, and Penn Station.
Association services include lawn care, snow removal, exterior maintenance, and trash service. Heat and water are also included. The property is located at 3902 Canterbury Road in Baltimore, approximately two blocks from Johns Hopkins Homewood Campus and near Wyman Park, the Baltimore Museum of Art & Sculpture Garden, and Penn Station.
Key Highlights
- 1,625‑square‑foot top‑floor unit in a 1910 brick building
- Two bedrooms and two full bathrooms
- Private patio, private garage, and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,852
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,040
$377.0K
Cap Rate 7%
$269,314
$269.3K
Cap Rate 9%
$209,467
$209.5K
Market Conditions
NOI Build-Up for 1,625 SF
Gross rent
$36.7K $22.56/SF
− Vacancy
−$2.4K −$1.47/SF
EGI
$34.3K $21.09/SF
− OpEx
−$15.4K −$9.49/SF
NOI
$18.9K $11.60/SF
Area
ZIP 21218
Vacancy
6.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,040
Cap Rate 7%
$269,314
Cap Rate 9%
$209,467
Alternative Uses
Best Use
Apartment 5plus
$269.3K
$235.7K – $314.2K
NOI $18,852 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$441.8K
$386.6K – $515.5K
NOI $30,927 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,911
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor residence with two bedrooms, two full bathrooms, a private patio, and association-covered building services.
Where is this residential income property located?
The property is located at 3902 CANTERBURY ROAD Unit 3A Baltimore, MD.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 1,625‑square‑foot top‑floor unit in a 1910 brick building; Two bedrooms and two full bathrooms; Private patio, private garage, and off‑street parking
