Brick Residential Income
New
For Sale
$239,000
4048 EDGEWOOD Road, Baltimore, MD 21215
Multi-Family, BALTIMORE, MD
Property Size1,320 SF
Lot Size0.07 Acres
Price / SF$181.06
Days on Market1
Property Features for 4048 EDGEWOOD Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Elementary school
DR. NATHAN A. PITTS ASHBURTON ELEMENTARY-MIDDLE
Middle school
DR. NATHAN A. PITTS-ASHBURTON
High school
BALTIMORE CITY COLLEGE
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Size
1,320 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
3007
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Building Details
Year built
1955
Number of units
1
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Corner House Realty
(443) 499-3839
Listed By:
Michal Krief
(410) 387-3318
Added: Oct 21
Last Checked: Oct 21 at 7:06AM
MLS# MDBA2233686
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.
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Investment Insights
Based on property information with market context.
Built in 1955, this 1,320-square-foot Colonial-style residential income property has brick construction. Forced-air heating and ceiling fans are provided, with on-street parking available.
The property occupies a 0.07-acre lot in Baltimore, Maryland.
The property occupies a 0.07-acre lot in Baltimore, Maryland.
Key Highlights
- 1,320 square feet on a 0.07‑acre lot
- Built in 1955 with brick construction
- Forced‑air heating and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,684
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,680
$313.7K
Cap Rate 7%
$224,057
$224.1K
Cap Rate 9%
$174,267
$174.3K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$30.7K $23.28/SF
− Vacancy
−$2.2K −$1.68/SF
EGI
$28.5K $21.60/SF
− OpEx
−$12.8K −$9.72/SF
NOI
$15.7K $11.88/SF
Area
ZIP 21215
Vacancy
7.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,680
Cap Rate 7%
$224,057
Cap Rate 9%
$174,267
Alternative Uses
Best Use
Apartment 5plus
$224.1K
$196.1K – $261.4K
NOI $15,684 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.7K
$275.4K – $367.2K
NOI $22,029 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
676
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?
Residential income property - A Colonial-style property offers brick construction and on-street parking in Baltimore.
Where is this residential income property located?
The property is located at 4048 EDGEWOOD Road Baltimore, MD.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1,320 square feet on a 0.07‑acre lot; Built in 1955 with brick construction; Forced‑air heating and ceiling fans
