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Renovated Mixed-Use Income Property

4906 HARFORD Road Baltimore, MD 21214

Claim this Listing
For Sale
$1,325,000

MULTI_FAMILY - BALTIMORE, MD

Property size:
4,960 SF
Lot size:
1.14 Acres
Price / SF:
$267.14/SF
Added:
Jul 7, 2026
Days on Market:
8
Last Refresh:
Jul 14 at 8:06 am

Property Features for 4906 HARFORD Road

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Driveway
Standard status
Active
Size
4,960 SF
Lot size
1.14 Acres

Taxes and HOA fees

Tax Annual Amount
4440

Utilities

Heating system
Hot Water(Heating)
Cooling system
Central Air

Building Details

Year built
1920
Number of units
4
Building materials
Stone, Vinyl Siding

Listing agent Yorleen Palmer License #677267

Listing office Coldwell Banker Realty 6031 University Boulevard unit: 100, TIMONIUM, MD

Listing date Jul 7, 2026

MLS# MDBA2222522 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 mixed-use commercial/multi-unit property includes a fully renovated four-unit commercial building totaling 4,960 square feet, with all four units newly renovated and currently tenant occupied. The exterior has been freshly painted with new trim, and the commercial portion includes bathrooms with potential office space.

The property sits on a highly traveled Harford Road corridor in Baltimore, MD, and includes an additional separated mixed-use structure along with an expansive 1.14-acre lot. The land is described as having two plots connected to the overall parcel and offers two points of ingress/egress.

The property is zoned for mixed use and includes multiple income opportunities through the existing units and the additional structure, with rental income described in the remarks as over $5,000. Additional rental income potential for the commercial portion is also referenced in the remarks as $2,500–$3,000 per month.

Key Highlights

  • 1.14‑acre mixed‑use property on highly traveled Harford Road with two separate/buildable plots and two points of ingress/egress
  • Fully renovated 4‑unit multi‑unit building totaling 4,960 SF; all 4 units are tenant occupied with rental income over $5,000
  • Commercial portion includes bathrooms and potential office space; commercial building exterior freshly painted with new trimmings

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 (±1% cap)
NOI $72,839 @ 7.0% cap · market cap 5.50%
Second Best
Office B
$985.1K
$862.0K – $1.15M (±1% cap)
NOI $68,958 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M (±1% cap)
NOI $83,179 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Law Firm Dental Office Parking Lot & Garage Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Building Supply Storage Facility (Bike/Boat/Book/etc) Store Tech Support Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Fully renovated four-unit commercial building on a 1.14-acre lot with mixed-use zoning and two ingress/egress points.
Where is this quadplex located?
The property is located at 4906 HARFORD Road Baltimore, MD.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 1.14‑acre mixed‑use property on highly traveled Harford Road with two separate/buildable plots and two points of ingress/egress; Fully renovated 4‑unit multi‑unit building totaling 4,960 SF; all 4 units are tenant occupied with rental income over $5,000; Commercial portion includes bathrooms and potential office space; commercial building exterior freshly painted with new trimmings
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