Renovated Mixed-Use Gallery
For Sale
$585,000
422 S HIGHLAND AVENUE S, Baltimore, MD 21224
Flexible commercial and residential configuration with dedicated utilities, upgraded building systems, and professionally finished gallery space.
Property Size3,596 SF
Days on Market128
Property Features for 422 S HIGHLAND AVENUE S
General Information
Standard status
Active
Size
3,596 SF
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,073
Building Details
Building Size
3,596 SF
Year Built
1920
Buildings
1
Listing Agency:
Guerilla Realty LLC
Listed By:
David Tomasko · License #649159
(443) 850-1014
Source:
Thehulsmangroup
Added: Jun 2
Changed: Oct 3
Last Checked: Oct 6 at 12:03AM
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 Guerilla Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines a gallery-oriented commercial level with a renovated residence above, creating more than 2,600 square feet of combined space. The first floor includes skylights, gallery and recessed lighting, a private office, security room, utility closet with stainless steel sink, half bath, and handicap-compliant bathroom. Two-hour fire-rated walls, ceilings, and doors separate the commercial and residential areas. The upper level features a designer kitchen, engineered white oak flooring, custom cabinetry, Bosch appliances, a gas range, oversized island, natural-light-filled living area, walk-in closet, and renovated spa-style bathroom.
Exterior improvements include restored brickwork, updated doors and windows, a new roof and gutters installed in 2021, security cameras, and rear alley access. Three separate BGE meters serve the commercial, residential, and egress/common areas. Mechanical work completed in 2025-2026 added a high-efficiency heat pump and gas-powered Bosch tankless water heater. The property is located in Baltimore’s Highlandtown Arts District at 422 S Highland Avenue S.
Exterior improvements include restored brickwork, updated doors and windows, a new roof and gutters installed in 2021, security cameras, and rear alley access. Three separate BGE meters serve the commercial, residential, and egress/common areas. Mechanical work completed in 2025-2026 added a high-efficiency heat pump and gas-powered Bosch tankless water heater. The property is located in Baltimore’s Highlandtown Arts District at 422 S Highland Avenue S.
Key Highlights
- More than 2,600 square feet of combined commercial and residential space
- Gallery level with skylights, dedicated gallery lighting, office, security room, and two bathrooms
- Two‑hour fire‑rated separation between commercial and residential areas completed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,039
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,780
$980.8K
Cap Rate 7%
$700,557
$700.6K
Cap Rate 9%
$544,878
$544.9K
Market Conditions
NOI Build-Up for 3,596 SF
Gross rent
$79.0K $21.96/SF
− Vacancy
−$13.6K −$3.78/SF
EGI
$65.4K $18.18/SF
− OpEx
−$16.3K −$4.55/SF
NOI
$49.0K $13.64/SF
Area
ZIP 21224
Vacancy
17.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,780
Cap Rate 7%
$700,557
Cap Rate 9%
$544,878
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 authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,444
Businesses Nearby
Explore this area
Business Placement
Demographics for 21224, MD
54,266
Population
23,433
Households
2.3
Avg Household Size
33
Median Age
50%
College-Educated
85%
High-School Grad
9.3 sq mi
ZIP Area
5,835
Density / Sq Mi
$86,209
Median Household Income
$63,556
Median Earnings
$1,782
Median Rent
$281,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Baltimore, MD
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial and residential configuration with dedicated utilities, upgraded building systems, and professionally finished gallery space.
Where is this mixed-use property 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: More than 2,600 square feet of combined commercial and residential space; Gallery level with skylights, dedicated gallery lighting, office, security room, and two bathrooms; Two‑hour fire‑rated separation between commercial and residential areas completed in 2021
