Building Details

Year Built 1900

Listing Agency: Ben Frederick Realty, Inc.

Listed By: Will A Cannon III · License #657102 Show Phone

Source: Hargreaveshomesales

Added: Mar 10 Changed: Sep 23 Last Checked: Oct 4 at 1:19PM

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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 Ben Frederick Realty, Inc.

Investment Insights

Based on property information with market context.

Located in the Roland Park neighborhood of Baltimore, this three-unit building at 5009 Roland Avenue offers a mix of residential layouts. The property contains one 1-bedroom, 1-bath unit, and two 2-bedroom units, one with 1-bath and the other with 2-baths. Each apartment features updated kitchens with wood cabinetry, laminate counters, and modern appliances. All units include in-unit laundry, hardwood floors, and central air. The location is convenient to Roland Park Elementary/Middle, Loyola University Maryland, Johns Hopkins University, and Notre Dame of Maryland University. The surrounding area includes parks, cafes, and neighborhood amenities. The property is suitable for owner-occupants or investors, with tenants responsible for electric and water/sewer. The property is located in a high-reputation market.

Key Highlights

• Live in Roland Park and offset housing costs with rental income from a three‑unit building.
• Potential for significantly reduced housing costs as an owner‑occupant.
• Strong investment opportunity with a 7.72% cap rate.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,924

Cap Rate

6.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$658,480 $658.5K

Cap Rate 7%

$470,343 $470.3K

Cap Rate 9%

$365,822 $365.8K

Market Conditions

NOI Build-Up for 2,242 SF

Gross rent

$49.8K $22.20/SF

− Vacancy

−$2.7K −$1.22/SF

EGI

$47.0K $20.98/SF

− OpEx

−$14.1K −$6.29/SF

NOI

$32.9K $14.69/SF

Area

Baltimore, MD

Vacancy

5.50%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$658,480

Cap Rate 7%

$470,343

Cap Rate 9%

$365,822

Alternative Uses

Best Use

Multifamily LT 5

$470.3K

$411.6K – $548.7K (±1% cap)

NOI $32,924 @ 7.0% cap · market cap 6.04%

Second Best

Apartment 5plus

$417.3K

$365.1K – $486.8K (±1% cap)

NOI $29,210 @ 7.0% cap · market cap 5.36%

Theoretical Best

Office A

$537.1K

$470.0K – $626.6K (±1% cap)

NOI $37,598 @ 7.0% cap · market cap 6.90%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Hair Salon HVAC Service Kitchen & Bath Showroom Nail Salon Big Box & Wholesale Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

860

Businesses Nearby

Explore this area Business Placement

Demographics for 21210, MD

14,441

Population

5,416

Households

2.7

Avg Household Size

32

Median Age

83%

College-Educated

98%

High-School Grad

3.4 sq mi

ZIP Area

4,247

Density / Sq Mi

$108,929

Median Household Income

$43,474

Median Earnings

$1,498

Median Rent

$521,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three units in desirable Roland Park neighborhood with strong rental demand.

Where is this triplex located?

The property is located at 5009 Roland Ave Baltimore, MD.

What is the asking price?

The asking price for this property is $545,000.

What are key features of this property?

This property features: Live in Roland Park and offset housing costs with rental income from a three‑unit building.; Potential for significantly reduced housing costs as an owner‑occupant.; Strong investment opportunity with a 7.72% cap rate.