Building Details

Year Built 1920

Listing Agency: Hawkins Real Estate Company Show Phone

Listed By: Joseph E Hawkins · License #SBR006339 Show Phone

Source: Cummingsrealtors

Added: Aug 17 Changed: Oct 4 Last Checked: Oct 5 at 6:33PM

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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 Hawkins Real Estate Company

Investment Insights

Based on property information with market context.

This 1,536-square-foot mixed-use building contains three units: a street-facing commercial space and two residential apartments. The retail area is vacant, was renovated in May 2026, and retains barbershop fixtures within an open layout that can accommodate another retail, salon, or office concept. One apartment offers 2 bedrooms and 1 bath, while the other includes 1 bedroom and 1 bath. Both residential units are occupied under leases extending through May 2027 and June 2027, respectively.

Recent capital improvements include a new roof installed in June 2026, along with updates to both apartments in April and August 2026. An unfinished basement provides storage and includes a washer and dryer. The property also has 9 off-street parking spaces and additional on-street parking. Located at 5904 Harford Road in Baltimore, the building was constructed in 1920.

Key Highlights

• Three‑unit mixed‑use property with retail space and two apartments
• 1,536 SF building constructed in 1920
• Vacant commercial unit renovated in May 2026 with barbershop fixtures

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,557

Cap Rate

5.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$451,140 $451.1K

Cap Rate 7%

$322,243 $322.2K

Cap Rate 9%

$250,633 $250.6K

Market Conditions

NOI Build-Up for 1,536 SF

Gross rent

$34.1K $22.20/SF

− Vacancy

−$1.9K −$1.22/SF

EGI

$32.2K $20.98/SF

− OpEx

−$9.7K −$6.29/SF

NOI

$22.6K $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%

$451,140

Cap Rate 7%

$322,243

Cap Rate 9%

$250,633

Alternative Uses

Best Use

Multifamily LT 5

$322.2K

$282.0K – $376.0K (±1% cap)

NOI $22,557 @ 7.0% cap · market cap 5.80%

Second Best

Retail

$310.6K

$271.8K – $362.3K (±1% cap)

NOI $21,740 @ 7.0% cap · market cap 5.59%

Theoretical Best

Office A

$368.0K

$322.0K – $429.3K (±1% cap)

NOI $25,759 @ 7.0% cap · market cap 6.62%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Maryland Cleaning Services Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Building Supply Skin Care Clinic Gym & Fitness Center

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

783

Businesses Nearby

Explore this area Business Placement

Demographics for 21214, MD

19,344

Population

9,096

Households

2.1

Avg Household Size

41

Median Age

42%

College-Educated

93%

High-School Grad

2.8 sq mi

ZIP Area

6,909

Density / Sq Mi

$82,093

Median Household Income

$54,228

Median Earnings

$1,188

Median Rent

$250,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Flexible commercial space accompanies two updated apartments, creating a combined retail and residential configuration on Harford Road.

Where is this mixed-use property located?

The property is located at 5904 HARFORD ROAD Baltimore, MD.

What is the asking price?

The asking price for this property is $389,000.

What are key features of this property?

This property features: Three‑unit mixed‑use property with retail space and two apartments; 1,536 SF building constructed in 1920; Vacant commercial unit renovated in May 2026 with barbershop fixtures