Mixed-Use Corner
5 5-7 S Carrollton Ave Baltimore, MD 21223
New
5 5-7 S Carrollton Ave, Baltimore, MD, 21223
$1,300,000
For Sale
$1,300,000
Updated brick and frame mixed-use building with two commercial units on the first floor and apartments on upper levels.
Property Size4,950 SF
Price / SF$262.63
Days on Market2
Property Features for 5 5-7 S Carrollton Ave
General Information
- Standard status
- Active
- Size
- 4,950 SF
Building Details
- Year Built
- 1900
Listing agency
Century 21 Downtown
(410) 547-1116
Listed by
Gina M Gargeu · License #510631
Source
Kandorre
Added: Jul 21 Checked: Jul 21 at 10:48PM
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 Century 21 Downtown
Investment Insights
Based on property information with market context.
This updated mixed-use corner building features solid brick and frame construction originally built in 1900. The first floor includes two commercial units and one studio apartment, while the second and third floors are apartment units with two bedrooms on the second floor and one bedroom on the third floor. The building has been completely renovated and includes sprinkler systems, separately metered services, and versatile flooring options such as vinyl, ceramic tile, and concrete.
Situated on a corner lot in the Hollins Market business district, the property is positioned for visibility and accessibility. The surrounding area includes a mix of shops, restaurants, and local attractions, and the building offers views of the city and street.
For tenants or owners seeking a multi-level income setup, the configuration supports both street-facing commercial use and residential units within the same building.
Situated on a corner lot in the Hollins Market business district, the property is positioned for visibility and accessibility. The surrounding area includes a mix of shops, restaurants, and local attractions, and the building offers views of the city and street.
For tenants or owners seeking a multi-level income setup, the configuration supports both street-facing commercial use and residential units within the same building.
Key Highlights
- Built in 1900; updated brick and frame mixed‑use building in the Hollins Market business district.
- 1st floor includes two commercial units plus a studio apartment.
- 2nd floor has a 2‑bedroom apartment; 3rd floor has a 1‑bedroom apartment.
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 | $109.9k | $22.20 |
| − Vacancy | −$6.0k | −$1.22 |
| EGI | $103.8k | $20.98 |
| − OpEx | −$31.2k | −$6.29 |
| NOI | $72.7k | $14.69 |
4,950 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$908.7K – $1.21M
NOI $72,692 @ 7.0% cap · market cap 5.59%
Second Best
Retail
$1.00M
$875.8K – $1.17M
NOI $70,061 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,012 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Updated brick and frame mixed-use building with two commercial units on the first floor and apartments on upper levels.
Where is this mixed-use property located?
The property is located at 5 5-7 S Carrollton Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Built in 1900; updated brick and frame mixed‑use building in the Hollins Market business district.; 1st floor includes two commercial units plus a studio apartment.; 2nd floor has a 2‑bedroom apartment; 3rd floor has a 1‑bedroom apartment.
