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316 S Broadway, Baltimore, MD 21231

Baltimore
Local realty services provided by:CENTURY 21 Mertz & Associates
316 S Broadway,Baltimore, MD 21231
$475,000
  • 4 Beds
  • - Baths
  • 4,928 sq. ft.
  • Multi-family
  • Active
Listed by: yaakov kanevsky
Office: midfield realty
MLS#:MDBA2227694
Source:BRIGHTMLS

Price summary

  • Price:$475,000
  • Price per sq. ft.:$96.39

About this home

The property currently averages $1,300 per residential unit, below the projected market rent of $1,962, creating significant income growth potential through residential repositioning. Additional upside comes from leasing the vacant commercial space at a projected market rate of $2.27/SF. At Year 1 stabilization, the property is projected to generate $77,234 in NOI, equating to a 16% cap rate, increasing to 17% by Year 5 through contractual rent escalations. Achieving these returns will depend on successful residential repositioning and commercial lease-up. The two-story mixed-use property includes two residential units totaling approximately 2,240 SF and one vacant 3,520 SF retail unit, for 5,760 SF of total building area. Built in 1920 and zoned C-1, the property features updated interiors including wood-look flooring, modern vanities, ceiling fans, updated toilets, and marble-look bathroom tile. The property is lead-free certified and benefits from a Walk Score® of 100 and Transit...

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Home facts

  • Year built:1920
  • Listing ID #:MDBA2227694
  • Added:51 day(s) ago
  • Updated:October 04, 2026 at 01:37 PM

Rooms and interior

  • Bedrooms:4
  • Flooring:Wood
  • Living area:4,928 sq. ft.

Structure and exterior

  • Year built:1920
  • Building area:4,928 sq. ft.
  • Architectural Style:Traditional

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$475,000
  • Price per sq. ft.:$96.39
  • Tax amount:$6,347 (2025)

Features and amenities

  • Amenities:120/240V

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