38 25Th StBaltimore, MD 21218

Property Details for 38 25Th St

Year built

1900

Construction

BRICK

Lot size

0.07 AC

Property size (Sq ft)

7,290 SF

Zone code

C-1

Property type

Investment properties

Property subtype

Live-work space

APN

12-03-3831 -034

APU

12033831034

Description

This exceptional investment opportunity presents two attached mixed-use buildings situated on a prime corner lot in Baltimore's desirable Charles Village neighborhood. The property boasts a total of 9,755 square feet and comprises seven self-contained units, offering a compelling blend of residential and commercial space. The buildings, constructed in 1900 and renovated in 2005, feature three stories each and sit on a 0.074-acre lot zoned C-1. The substantial net operating income (NOI) of $62,314 translates to an attractive 6.26% capitalization rate at the asking price of $995,000. The commercial spaces, totaling approximately 2,000 square feet, present significant upside potential. Previous uses include a liquor store, bar, and a large eat-in deli, highlighting the versatility of these spaces. The office suite includes a full bath, and most of the residential units are two-bedroom apartments with two full bathrooms. A large, unfinished basement (2000+ sq ft) offers additional expansion possibilities. This property's high visibility on two busy thoroughfares ensures strong tenant occupancy and significant rental income. This is a rare chance to acquire a well-maintained multifamily property with substantial commercial potential in a highly sought-after Baltimore location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,761,240

  6.5%

  $1,625,760

  7%

  $1,509,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $467,786

  Geo Method

  $467,786

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,061,120

  Retail / Commercial

  $1,604,260

  Hospitality / Lodging

  $1,228,200

  Office

  $1,644,440

  Institutional / Educational

  $1,699,860

  Residential Income

  $1,988,830

  Multifamily

  $2,234,430

  Automotive / Energy

  $1,457,020

  Parking / Income-Based Land

  $475,914

  Restaurant / Food Service

  $903,646

  Healthcare / Senior Housing

  $1,639,280

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.3182

Longitude

-76.6156

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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