Turnkey Live-Work Gallery
422 S HIGHLAND Avenue S Baltimore, MD 21224
422 S HIGHLAND Avenue S, Baltimore, MD, 21224
$585,000
For Sale
$585,000
MULTI_FAMILY - Federal - BALTIMORE, MD
Property Size3,596 SF
Lot Size0.04 Acres
Price / SF$162.68
Days on Market46
Property Features for 422 S HIGHLAND Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room, Basement
- Parking features
- On Street
- Interior features
- Combination Kitchen/Dining, Floor Plan - Open
- Standard status
- Active
- Size
- 3,596 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4073
Utilities
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Brick Front, Concrete
- Architectural style
- Federal
Listing Agency
Guerilla Realty LLC
(443) 841-5916
30 E Susquehanna Avenue, BALTIMORE, MD
Listed by
David Tomasko · License #649159
(443) 850-1014
Added: Jun 2 Checked: Jul 17 at 8:06 pm
MLS# MDBA2217766
Listing URL
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.
Investment Insights
Based on property information with market context.
This turnkey live-work gallery and residence was extensively renovated and offers a mixed-use layout with a flexible commercial/gallery level and a fully renovated upper residence. The commercial space includes skylights, gallery and recessed lighting, and safety exit signage, along with a private office, security room, utility closet with stainless steel utility sink, and half bath. Two-hour fire-rated walls, ceilings, and doors separate the commercial and residential portions. The exterior has a restored facade with renovated brickwork, updated doors and windows, and restoration of a second-floor center window, plus a new roof and gutters installed in 2021. Additional exterior features include security cameras, a secure exterior hydrant, and a clean rear alley for convenient access.
The property is located in Baltimore’s Highlandtown Arts District. It is served by three separate BGE meters for the commercial, residential, and egress/common areas. The residence includes a designer kitchen with engineered white oak flooring, custom cabinetry and countertops, and Bosch appliances, along with an elevated living area filled with natural light. A spa-inspired bathroom features terrazzo tile flooring and a Wetstyle shower pan system. Mechanical upgrades completed in 2025–2026 include a high-efficiency heat pump and a gas-powered Bosch tankless water heater. The partial basement provides additional utility and storage, and the crawl space includes installed vapor barriers.
The property is located in Baltimore’s Highlandtown Arts District. It is served by three separate BGE meters for the commercial, residential, and egress/common areas. The residence includes a designer kitchen with engineered white oak flooring, custom cabinetry and countertops, and Bosch appliances, along with an elevated living area filled with natural light. A spa-inspired bathroom features terrazzo tile flooring and a Wetstyle shower pan system. Mechanical upgrades completed in 2025–2026 include a high-efficiency heat pump and a gas-powered Bosch tankless water heater. The partial basement provides additional utility and storage, and the crawl space includes installed vapor barriers.
Key Highlights
- Turnkey mixed‑use property in Highlandtown Arts District with commercial gallery space and an upper‑level residence
- Over 2,600 SF with two extensive renovation phases, including restored brick facade and updated doors/windows
- 2021 upgrades include new roof and gutters; outdoor security cameras and secure exterior hydrant; convenient rear alley access
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.0k | $21.96 |
| − Vacancy | −$13.6k | −$3.78 |
| EGI | $65.4k | $18.18 |
| − OpEx | −$16.3k | −$4.55 |
| NOI | $49.0k | $13.64 |
3,596 SF · lease $21.96/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$700.6K
$613.0K – $817.3K
NOI $49,039 @ 7.0% cap · market cap 8.38%
Second Best
Mixed Use
$624.2K
$546.1K – $728.2K
NOI $43,691 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$861.5K
$753.8K – $1.01M
NOI $60,305 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Turnkey live-work property with a gallery level and renovated residence separated by two-hour fire-rated walls.
Where is this live-work space located?
The property is located at 422 S HIGHLAND Avenue S Baltimore, MD.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Turnkey mixed‑use property in Highlandtown Arts District with commercial gallery space and an upper‑level residence; Over 2,600 SF with two extensive renovation phases, including restored brick facade and updated doors/windows; 2021 upgrades include new roof and gutters; outdoor security cameras and secure exterior hydrant; convenient rear alley access
