Three-Unit Victorian Multifamily
5234 BENSON AVENUE, Halethorpe, MD 21227
For Sale
New
$415,000
Pending
The vacant building combines off-street parking, shared basement laundry, and a one-car garage.
Property Size1,923 SF
Days on Market5
Property Features for 5234 BENSON AVENUE
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
shared basement laundry
generous storage space
off-street parking
one-car garage
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
AB & Co Realtors, Inc.
Listed By:
Thomas Penn Williams · License MD #677723
(202) 302-6860
Source:
Thehulsmangroup
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:31PM
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 AB & Co Realtors, Inc.
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Investment Insights
Based on property information with market context.
This 1915 Victorian is configured as three residential units: two with one bedroom and one bathroom each, plus a two-bedroom, one-bathroom unit. All three units are vacant. Recent building work includes a boiler installed in 2025 and a roof replacement in 2026. Shared basement laundry, storage space, a one-car garage, and off-street parking are part of the property.
The property is 1.2 miles from Halethorpe MARC Station and 1.3 miles from UMBC, with I-95 and I-695 described as minutes away. It has active lead certifications and rental licenses.
The property is 1.2 miles from Halethorpe MARC Station and 1.3 miles from UMBC, with I-95 and I-695 described as minutes away. It has active lead certifications and rental licenses.
Key Highlights
- Three units: two 1‑bedroom/1‑bathroom units and one 2‑bedroom/1‑bathroom unit
- All three residential units are vacant
- Boiler installed in 2025; roof replaced in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,008
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,160
$500.2K
Cap Rate 7%
$357,257
$357.3K
Cap Rate 9%
$277,867
$277.9K
Market Conditions
NOI Build-Up for 1,923 SF
Gross rent
$38.1K $19.80/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$35.7K $18.58/SF
− OpEx
−$10.7K −$5.57/SF
NOI
$25.0K $13.00/SF
Area
Baltimore County, MD
Vacancy
6.17%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,160
Cap Rate 7%
$357,257
Cap Rate 9%
$277,867
Alternative Uses
Best Use
Multifamily LT 5
$357.3K
$312.6K – $416.8K
NOI $25,008 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$326.4K
$285.6K – $380.8K
NOI $22,849 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$428.7K
$375.1K – $500.2K
NOI $30,011 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Explore this area
Business Placement
Demographics for 21227, MD
35,837
Population
14,260
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
85%
High-School Grad
11.3 sq mi
ZIP Area
3,171
Density / Sq Mi
$83,620
Median Household Income
$52,643
Median Earnings
$1,347
Median Rent
$272,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Baltimore County, MD
Properties on Market for Triplexes in Baltimore County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The vacant building combines off-street parking, shared basement laundry, and a one-car garage.
Where is this triplex located?
The property is located at 5234 BENSON AVENUE Halethorpe, MD.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Three units: two 1‑bedroom/1‑bathroom units and one 2‑bedroom/1‑bathroom unit; All three residential units are vacant; Boiler installed in 2025; roof replaced in 2026
