Live-Work Mixed-Use
For Sale
$585,000
422 S HIGHLAND Avenue S, Baltimore, MD 21224
Multi-Family, BALTIMORE, MD
Property Size3,596 SF
Lot Size0.04 Acres
Price / SF$162.68
Days on Market130
Property Features for 422 S HIGHLAND Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Dining Room, Basement
Parking features
On Street
Interior features
Combination Kitchen/Dining, Floor Plan - Open
Subdivision
HIGHLANDTOWN
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
3,596 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4073
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump
Amenities
skylights
gallery lighting
recessed lighting
safety exit signage
private office
security room
handicap-compliant bathroom
three separate BGE meters
designer kitchen
Bosch appliances
gas-powered range
spa-inspired bathroom
walk-in closet
partial basement
outdoor security cameras
clean rear alley
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
Listed By:
David Tomasko · License #649159
(443) 850-1014
Added: Jun 2
Changed: Oct 8
Last Checked: Oct 9 at 11:06PM
MLS# MDBA2217766
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 3,596-square-foot live-work property combines a gallery and work areas on the ground floor with a renovated residence upstairs. The commercial level includes a private office, security room, utility closet, half bath, and handicap-compliant bathroom. Skylights and gallery lighting serve the space, and fire-rated walls, ceilings, and doors separate the commercial and residential areas. Three BGE meters separately serve the commercial, residential, and common areas. The upper residence has an open kitchen and dining area, a naturally lit living space, one bedroom with a walk-in closet, and a renovated bathroom. A partial basement provides utility and storage space.
Located in Baltimore’s Highlandtown Arts District, the property has a restored brick facade, updated doors and windows, and rear alley access. A new roof and gutters were installed in 2021. Mechanical work completed in 2025-2026 includes a heat pump for heating and cooling and a gas-powered tankless water heater. The parcel measures 0.0363 acres; the building dates to 1920.
Located in Baltimore’s Highlandtown Arts District, the property has a restored brick facade, updated doors and windows, and rear alley access. A new roof and gutters were installed in 2021. Mechanical work completed in 2025-2026 includes a heat pump for heating and cooling and a gas-powered tankless water heater. The parcel measures 0.0363 acres; the building dates to 1920.
Key Highlights
- 3,596 square feet of gallery, workspace, and residential area
- Ground‑floor commercial space and renovated upper‑level residence
- Three BGE meters serve commercial, residential, and common areas separately
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
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Yes
Commercial hood
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Gallery and workspace occupy the street level, with a renovated residence above and separate utility metering.
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: 3,596 square feet of gallery, workspace, and residential area; Ground‑floor commercial space and renovated upper‑level residence; Three BGE meters serve commercial, residential, and common areas separately
