Brick Three-Unit Residential
731 RESERVOIR Street, Baltimore, MD 21217
For Sale
$747,000
Multi-Family, BALTIMORE, MD
Property Size4,236 SF
Lot Size0.06 Acres
Price / SF$176.35
Days on Market9
Property Features for 731 RESERVOIR Street
General Information
Property type
Property subtype
Rooms
Parking features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Ashley White
(443) 961-4995
Added: Nov 3
Changed: Nov 10
Last Checked: Nov 11 at 1:06AM
MLS# MDBA2236044
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.
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Investment Insights
Based on property information with market context.
This 1905 brick end-unit property contains three residences with a combined 4,236 square feet. The layout includes two 2-bedroom, 1-bathroom units and one 5-bedroom, 2.5-bathroom unit, for a total of 9 bedrooms and 4.5 bathrooms. Each residence has its own washer and dryer. Central heating and central air conditioning serve the property, and a basement is also present.
Two units are occupied, while the five-bedroom residence is vacant. The property is in Baltimore’s Reservoir Hill neighborhood, with Druid Hill Park, MICA, Penn Station and downtown Baltimore among the named nearby destinations. Parking is on street.
Two units are occupied, while the five-bedroom residence is vacant. The property is in Baltimore’s Reservoir Hill neighborhood, with Druid Hill Park, MICA, Penn Station and downtown Baltimore among the named nearby destinations. Parking is on street.
Key Highlights
- Three residences totaling 4,236 square feet on 0.0554 acres
- Unit mix: two 2‑bedroom, 1‑bathroom residences and one 5‑bedroom, 2.5‑bathroom residence
- Combined total of 9 bedrooms and 4.5 bathrooms
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 - Three residences combine distinct bedroom configurations with in-unit laundry and central heating and cooling.
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 totaling 4,236 square feet on 0.0554 acres; Unit mix: two 2‑bedroom, 1‑bathroom residences and one 5‑bedroom, 2.5‑bathroom residence; Combined total of 9 bedrooms and 4.5 bathrooms
