3-Unit Victorian
For Sale
Under Contract
$450,000
BALTIMORE, MD 21217, Baltimore, MD 21217
Multi-Family, BALTIMORE, MD
Property Size2,688 SF
Price / SF$167.41
Days on Market43
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
1
Parking features
Garage - Detached
Interior features
2nd Kitchen
Appliances
Washer, Dryer
Elementary school
MOUNT ROYAL
Middle school
MOUNT ROYAL
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Subdivision
BOLTON HILL HISTORIC DISTRICT
Standard status
Active Under Contract
Size
2,688 SF
Taxes and HOA fees
Tax Annual Amount
8881
Utilities
Heating system
Hot Water(Heating), Other (Heating), Zoned
Cooling system
Window Unit(s)
Building Details
Year built
1890
Number of units
3
Building materials
Brick
Architectural style
Victorian
Listing Agency:
Compass
(410) 886-7342
Listed By:
Jessica H Dailey · License #600667
(443) 838-8204
Added: Sep 9
Changed: Oct 21
Last Checked: Oct 21 at 12:06PM
MLS# MDBA2227654
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.
The 2,688-square-foot brick triplex was built in 1890 in the Victorian style and contains three apartments. The first-floor and lower-level residence has a living room, bedroom, ensuite bathroom, kitchen, laundry and utility areas, plus rear patio access. Its detached garage is used for storage. The second-floor apartment has one bedroom, built-in living room features, an updated kitchen and bathroom, and in-unit laundry. The top-floor apartment has also been renovated and will be delivered vacant. Each apartment is separately metered, has its own gas boiler and hot water heater, and tenants pay for their own utilities; the landlord covers common-area utilities. The property has current rental licenses and lead certifications.
At 210 Laurens Street in Baltimore, the property is a few blocks from MICA, the University of Baltimore, Penn Station and the Johns Hopkins shuttle. Penn Station offers MARC and Amtrak service, and nearby destinations include downtown Baltimore, Johns Hopkins Hospital and the University of Maryland Medical Center.
At 210 Laurens Street in Baltimore, the property is a few blocks from MICA, the University of Baltimore, Penn Station and the Johns Hopkins shuttle. Penn Station offers MARC and Amtrak service, and nearby destinations include downtown Baltimore, Johns Hopkins Hospital and the University of Maryland Medical Center.
Key Highlights
- Three apartments in a 2,688‑square‑foot brick Victorian building constructed in 1890
- Current rental licenses and lead certifications
- Separate utility meters, gas boilers and hot water heaters for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,474
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,480
$789.5K
Cap Rate 7%
$563,914
$563.9K
Cap Rate 9%
$438,600
$438.6K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$59.7K $22.20/SF
− Vacancy
−$3.3K −$1.22/SF
EGI
$56.4K $20.98/SF
− OpEx
−$16.9K −$6.29/SF
NOI
$39.5K $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%
$789,480
Cap Rate 7%
$563,914
Cap Rate 9%
$438,600
Alternative Uses
Best Use
Multifamily LT 5
$563.9K
$493.4K – $657.9K
NOI $39,474 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$500.3K
$437.8K – $583.7K
NOI $35,020 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$644.0K
$563.5K – $751.3K
NOI $45,078 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments have separate utility meters, with a vacant top-floor unit available for occupancy or leasing.
Where is this triplex located?
The property is located at Baltimore, MD.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three apartments in a 2,688‑square‑foot brick Victorian building constructed in 1890; Current rental licenses and lead certifications; Separate utility meters, gas boilers and hot water heaters for each apartment
