Mixed-Use Property with Development
4906 HARFORD Rd, Baltimore, MD 21214
Mixed-use property with income streams and future development potential.
Type:Investment
Property size:
4,960 SFLot size:
1.14 AcresPrice / SF:
$271/SF- Added:
- Apr 15, 2026
- Days on Market:
- 49
- Last Refresh:
- Apr 3 at 4:50 pm
Property Features for 4906 HARFORD Rd
General Information
- Standard status
- Active
- Size
- 4,960 SF
- Lot size
- 1.14 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1920
Listing agent Yorleen Palmer License #677267 (203) 536-5011
Listing office Coldwell Banker Residential Brokerage (203) 536-5011
Listing date Apr 15, 2026
Source Elliman
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 Coldwell Banker Residential Brokerage
HighLights
- Prime location on highly traveled Harford Road with good transit and walkability scores.
- Fully renovated 4‑unit commercial building with existing tenants generating over $5,000/month in rental income.
- 1.14 acre lot with 2 buildable plots and two points of ingress/egress offers significant development potential.
- Mixed‑use zoning allows for diverse income streams and business opportunities.
- Pre‑appraised property provides assurance of value.
- Separated mixed‑use structure provides additional income potential.
Overview
This mixed-use property is located on Harford Road in the Hamilton & Lauraville community. It features a renovated 4-unit commercial building and a separate mixed-use structure. The property includes a 1.14-acre lot with two buildable plots and two points of ingress/egress. The 4,960 square foot multi-unit building contains four newly renovated units, all currently tenant-occupied, generating a rental income exceeding $5,000 per month. The commercial property is zoned for mixed use and includes bathrooms and potential office space. The exterior of the commercial building has been freshly painted with new trimmings. Potential rental income is estimated at $2,500-$3,000 per month. The property is suitable for investors seeking stable income, owner-operators, or developers looking for a property with scale, visibility, and growth potential. It is located near major commuter routes, public transportation, and established neighborhoods. The location has a walk score of 75, indicating it is very walkable, a transit score of 57, indicating good transit options, and a bike score of 37, indicating it is somewhat bikeable.
Local Financial Insights For Multifamily LT 5
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 | $110.1k | $22.20 |
| − Vacancy | −$6.1k | −$1.22 |
| EGI | $104.1k | $20.98 |
| − OpEx | −$31.2k | −$6.29 |
| NOI | $72.8k | $14.69 |
4,960 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$910.5K – $1.21M
NOI $72,839 @ 7.0% cap · market cap 5.40%
Second Best
Office B
$985.1K
$862.0K – $1.15M
NOI $68,958 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,179 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.5681422
- Latitude
- 39.3465783
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with income streams and future development potential.
Where is this mixed-use property located?
The property is located at 4906 HARFORD Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Prime location on highly traveled Harford Road with good transit and walkability scores.; Fully renovated 4‑unit commercial building with existing tenants generating over $5,000/month in rental income.; 1.14 acre lot with 2 buildable plots and two points of ingress/egress offers significant development potential.
