Mixed-Use Building with Separate
8 S BROADWAY, Baltimore, MD 21231
For Sale
New
$499,900
OR-1 zoning and distinct entrances support office-residential use across two independent spaces.
Property Size2,912 SF
Days on Market7
Property Features for 8 S BROADWAY
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Utilities to Site
Additional Details
Condition
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
AB & Co Realtors, Inc.
Listed By:
Anne Marie Balcerzak · License MD #614126
(410) 627-8998
Source:
Thehulsmangroup
Added: Nov 5
Changed: Nov 9
Last Checked: Nov 10 at 2:16PM
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.
Built in 1900, this three-level mixed-use property combines a four-bedroom, two-and-a-half-bath main residence with a separate one-bedroom, one-bath apartment on the ground and basement levels. The main space includes a reception room, additional flexible rooms, kitchen, dining and family areas, and a sunroom. Historic details include wood-burning fireplaces, pocket doors, millwork, built-ins, stained glass, and ceilings over 10 feet high. The lower apartment has front and rear entrances and can function separately from the upper residence.
The property is at 8 S Broadway, one block from the Johns Hopkins occupational building and minutes from its main hospital complex. Patterson Park and the Fells Point waterfront are within walking distance. Zoning is OR-1 (Office-Residential Transition), and the spaces are separately metered.
Three independent central heating and air-conditioning systems serve the building. Electrical service totals 300 amps, with a 200-amp panel for the upper levels and a separate 100-amp panel for the lower level. The property is all-electric, with updated wiring throughout.
The property is at 8 S Broadway, one block from the Johns Hopkins occupational building and minutes from its main hospital complex. Patterson Park and the Fells Point waterfront are within walking distance. Zoning is OR-1 (Office-Residential Transition), and the spaces are separately metered.
Three independent central heating and air-conditioning systems serve the building. Electrical service totals 300 amps, with a 200-amp panel for the upper levels and a separate 100-amp panel for the lower level. The property is all-electric, with updated wiring throughout.
Key Highlights
- Two independent spaces: a four‑bedroom main residence and a separate one‑bedroom apartment
- OR‑1 (Office‑Residential Transition) zoning; spaces are separately metered
- Three independent central heating and air‑conditioning systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,764
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,280
$855.3K
Cap Rate 7%
$610,914
$610.9K
Cap Rate 9%
$475,156
$475.2K
Market Conditions
NOI Build-Up for 2,912 SF
Gross rent
$64.6K $22.20/SF
− Vacancy
−$3.6K −$1.22/SF
EGI
$61.1K $20.98/SF
− OpEx
−$18.3K −$6.29/SF
NOI
$42.8K $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%
$855,280
Cap Rate 7%
$610,914
Cap Rate 9%
$475,156
Alternative Uses
Best Use
Multifamily LT 5
$610.9K
$534.6K – $712.7K
NOI $42,764 @ 7.0% cap · market cap 8.55%
Second Best
Office B
$578.4K
$506.1K – $674.8K
NOI $40,485 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$697.6K
$610.4K – $813.9K
NOI $48,834 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7,869
Businesses Nearby
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Business Placement
Demographics for 21231, MD
17,062
Population
9,342
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
18,958
Density / Sq Mi
$85,382
Median Household Income
$67,289
Median Earnings
$1,710
Median Rent
$336,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Baltimore, MD
Properties on Market for Mixed-use properties in Baltimore
Vacancy Rate% for Office in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Mixed-use property - OR-1 zoning and distinct entrances support office-residential use across two independent spaces.
Where is this mixed-use property located?
The property is located at 8 S BROADWAY Baltimore, MD.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two independent spaces: a four‑bedroom main residence and a separate one‑bedroom apartment; OR‑1 (Office‑Residential Transition) zoning; spaces are separately metered; Three independent central heating and air‑conditioning systems
