3-Unit Reservoir Hill
731 RESERVOIR STREET, Baltimore, MD 21217
For Sale
$747,000
The three residences include private washers and dryers, with a varied bedroom mix across the building.
Property Size4,236 SF
Days on Market8
Property Features for 731 RESERVOIR STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer/dryer
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Capital Properties
Listed By:
Ashley White
(443) 961-4995
Source:
Thehulsmangroup
Added: Nov 3
Changed: Nov 9
Last Checked: Nov 8 at 12:38PM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
Built in 1905, this end-unit triplex contains three residences with a combined nine bedrooms and 4.5 bathrooms. Two apartments have two bedrooms and one bathroom each; the third offers five bedrooms and 2.5 bathrooms. Each unit has its own washer and dryer. Two residences are occupied, while the five-bedroom apartment is vacant.
The property is at 731 Reservoir Street in Baltimore’s Reservoir Hill neighborhood. Druid Hill Park, MICA, Penn Station, downtown Baltimore, and major commuter routes are identified as nearby destinations and connections.
The property is at 731 Reservoir Street in Baltimore’s Reservoir Hill neighborhood. Druid Hill Park, MICA, Penn Station, downtown Baltimore, and major commuter routes are identified as nearby destinations and connections.
Key Highlights
- Three residences with a combined 9 bedrooms and 4.5 bathrooms
- Unit mix includes two 2‑bedroom, 1‑bath apartments and one 5‑bedroom, 2.5‑bath apartment
- Each residence has its own washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,207
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,244,140
$1.2M
Cap Rate 7%
$888,671
$888.7K
Cap Rate 9%
$691,189
$691.2K
Market Conditions
NOI Build-Up for 4,236 SF
Gross rent
$94.0K $22.20/SF
− Vacancy
−$5.2K −$1.22/SF
EGI
$88.9K $20.98/SF
− OpEx
−$26.7K −$6.29/SF
NOI
$62.2K $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%
$1,244,140
Cap Rate 7%
$888,671
Cap Rate 9%
$691,189
Alternative Uses
Best Use
Multifamily LT 5
$888.7K
$777.6K – $1.04M
NOI $62,207 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$788.4K
$689.9K – $919.8K
NOI $55,188 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$1.01M
$888.0K – $1.18M
NOI $71,038 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,842
Businesses Nearby
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Business Placement
Demographics for 21217, MD
30,448
Population
20,064
Households
1.5
Avg Household Size
38
Median Age
22%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
14,499
Density / Sq Mi
$37,207
Median Household Income
$40,668
Median Earnings
$1,065
Median Rent
$175,900
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Baltimore, MD
Properties on Market for Triplexes in Baltimore
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The three residences include private washers and dryers, with a varied bedroom mix across the building.
Where is this triplex located?
The property is located at 731 RESERVOIR STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $747,000.
What are key features of this property?
This property features: Three residences with a combined 9 bedrooms and 4.5 bathrooms; Unit mix includes two 2‑bedroom, 1‑bath apartments and one 5‑bedroom, 2.5‑bath apartment; Each residence has its own washer and dryer
