Licensed Congregate Housing
For Sale
$325,000
Pending
3921 Old York Rd, Baltimore, MD 21218
Licensed 10-room congregate housing facility with shared kitchen and laundry, administrative office, and ADA-accessible rooms.
Property Size2,616 SF
Days on Market65
Property Features for 3921 Old York Rd
General Information
Standard status
Pending
Size
2,616 SF
Financials
Cap Rate
10.9%
Business Included
Yes
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$3,264
Listing Agency:
Ben Frederick Realty, Inc.
(410) 916-3331
Listed By:
Will A Cannon III · License #649854
(410) 916-3331
Source:
Exprealty
Added: Jun 8
Changed: Aug 8
Last Checked: Aug 10 at 8:23AM
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 Ben Frederick Realty, Inc.
Investment Insights
Based on property information with market context.
3921 Old York Road is a licensed 10-room congregate housing facility designed for structured, communal living. The building includes ten private rooms, an administrative office, and two ADA-accessible rooms. Shared kitchen and laundry facilities support day-to-day operations, and the property is equipped with a fire sprinkler system.
The property is located near the 33rd Street, Waverly, and Greenmount Avenue commercial corridor, providing residents convenient access to nearby retail and services, including Giant Food, laundromats, dining, and public transportation.
For buyers, the asset’s existing licensing and functional unit mix can support a range of congregate housing models permitted by law, including workforce housing, shared housing, transitional housing, senior housing, and other arrangements. Offering materials project an annual Net Operating Income of $35,438, or $2,953 per month when operated at full capacity under the current operating model, along with a 10.9% cap rate and a 16.1% projected cash-on-cash return based on stated financing assumptions.
The property is located near the 33rd Street, Waverly, and Greenmount Avenue commercial corridor, providing residents convenient access to nearby retail and services, including Giant Food, laundromats, dining, and public transportation.
For buyers, the asset’s existing licensing and functional unit mix can support a range of congregate housing models permitted by law, including workforce housing, shared housing, transitional housing, senior housing, and other arrangements. Offering materials project an annual Net Operating Income of $35,438, or $2,953 per month when operated at full capacity under the current operating model, along with a 10.9% cap rate and a 16.1% projected cash-on-cash return based on stated financing assumptions.
Key Highlights
- Licensed 10‑room congregate housing facility with projected annual NOI of $35,438 ($2,953/month) at full capacity
- Projected 10.9% cap rate and 16.1% cash‑on‑cash return based on financing assumptions in offering materials
- Building layout includes ten private rooms plus an administrative office
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Under-served
Demand for This Use
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
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Similar Off Market Nearby
- Stadium Place Nursing and Rehab Center — 1010 E 33rd St, Baltimore, MD 21218
Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Licensed 10-room congregate housing facility with shared kitchen and laundry, administrative office, and ADA-accessible rooms.
Where is this senior housing / retirement home located?
The property is located at 3921 Old York Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Licensed 10‑room congregate housing facility with projected annual NOI of $35,438 ($2,953/month) at full capacity; Projected 10.9% cap rate and 16.1% cash‑on‑cash return based on financing assumptions in offering materials; Building layout includes ten private rooms plus an administrative office
