Two-Level Mixed-Use
For Sale
$190,000
4005 W BELVEDERE AVENUE, Baltimore, MD 21215
Commercial space occupies the ground floor, with residential living quarters above.
Property Size1,200 SF
Days on Market51
Property Features for 4005 W BELVEDERE AVENUE
General Information
Standard status
Active
Size
1,200 SF
Property subtype
MixedUse
Taxes and HOA fees
Annual Taxes
$1,300
Building Details
Building Size
1,200 SF
Year Built
1920
Listing Agency:
BNI Realty
Listed By:
Homayoun M Nouri · License #5015224
(703) 627-6285
Source:
Thehulsmangroup
Added: Aug 19
Changed: Oct 3
Last Checked: Oct 7 at 6:33PM
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 BNI Realty
Investment Insights
Based on property information with market context.
Built in 1920, this mixed-use property places commercial business space on the main level and a residential unit upstairs. The upper level includes 2 bedrooms, 1 full bathroom, a living room, and a kitchen. Located at 4005 W Belvedere Avenue in Baltimore, Maryland, the property combines business and residential functions within one building.
Key Highlights
- Main level configured for commercial business use
- Upper‑level residential unit with 2 bedrooms
- 1 full bathroom, living room, and kitchen upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,580
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,600
$291.6K
Cap Rate 7%
$208,286
$208.3K
Cap Rate 9%
$162,000
$162.0K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.9K $21.60/SF
− Vacancy
−$2.6K −$2.16/SF
EGI
$23.3K $19.44/SF
− OpEx
−$8.7K −$7.29/SF
NOI
$14.6K $12.15/SF
Area
ZIP 21215
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,600
Cap Rate 7%
$208,286
Cap Rate 9%
$162,000
Alternative Uses
Best Use
Mixed Use
$208.3K
$182.3K – $243.0K
NOI $14,580 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$286.1K
$250.3K – $333.8K
NOI $20,026 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,268
Businesses Nearby
Explore this area
Business Placement
Demographics for 21215, MD
54,198
Population
24,876
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
84%
High-School Grad
6.8 sq mi
ZIP Area
7,970
Density / Sq Mi
$47,606
Median Household Income
$37,670
Median Earnings
$1,177
Median Rent
$189,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space occupies the ground floor, with residential living quarters above.
Where is this mixed-use property located?
The property is located at 4005 W BELVEDERE AVENUE Baltimore, MD.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Main level configured for commercial business use; Upper‑level residential unit with 2 bedrooms; 1 full bathroom, living room, and kitchen upstairs
