707 N HICKORY Avenue, Bel Air, MD 21014
MULTI_FAMILY - BEL AIR, MD
- Added:
- Jun 16, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 17 at 1:06 am
Property Features for 707 N HICKORY Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Parking Lot
- Appliances
- Dryer, Washer, Stainless Steel Appliances, Oven/Range - Gas, Refrigerator
- Standard status
- Active
- Size
- 3,687 SF
- Lot size
- 1.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9577
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 4
- Building materials
- Concrete, Shingle Siding
Listing agent Andrew Undem License #646143 (410) 322-3670
Listing office Berkshire Hathaway HomeServices Homesale Realty 3500 Boston Street unit: Suite C, Lancaster, MD (410) 814-2400
Listing date Jun 16, 2026
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.
HighLights
- Standalone commercial/multi‑family building on a 1.18‑acre lot, producing over $65,000 annually
- Three apartments: each unit has 2 bedrooms and 1.5 bathrooms; two units have been completely renovated
- Zoned RO (residential office) with flexible use for professional, medical, dental, or retail users
- Located at the stoplight intersection of N. Hickory Ave and Moores Mill Road
- Expansive paved parking lot with 15 clearly lined spaces, including dedicated handicap (HCP) accessible parking
- Central heating and central air; year built 1920; construction includes concrete and shingle siding
Overview
The property is positioned at a highly visible stoplight intersection at N. Hickory Avenue and Moores Mill Road, supporting strong drive-by exposure. The RO (Residential Office) zoning provides a flexible framework for professional and related uses alongside the existing residential income component. The building is also described as being within walking distance of downtown Bel Air shops, dining, and amenities.
For buyers, this is a turnkey option that combines residential income with a zoning designation that may appeal to owner-users seeking operational flexibility. For leasing prospects, the RO zoning supports professional, medical, dental, or retail uses while retaining the benefit of on-site, paved parking and accessible entry for clients and tenants. For developers, the over-an-acre site size supports future redevelopment planning subject to applicable approvals.
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 | $81.9k | $22.20 |
| − Vacancy | −$6.1k | −$1.67 |
| EGI | $75.7k | $20.54 |
| − OpEx | −$22.7k | −$6.16 |
| NOI | $53.0k | $14.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bel Air
- County
- Harford
- State
- Maryland
- Longitude
- -76.34902
- Latitude
- 39.5461841
