3921 OLD YORK RD Baltimore, MD 21218
UPDATED:
Key Details
Property Type Commercial
Sub Type Services
Listing Status Pending
Purchase Type For Sale
Subdivision Pen Lucy
MLS Listing ID MDBA2218640
Year Built 1930
Annual Tax Amount $3,264
Tax Year 2025
Lot Size 4,000 Sqft
Acres 0.09
Lot Dimensions 100' x 40'
Property Sub-Type Services
Source BRIGHT
Property Description
• $2,953 Projected Monthly NOI
• Licensed 10-Room Congregate Housing Facility
3921 Old York Road offers a unique opportunity to acquire a licensed 10-room congregate housing facility with projected annual Net Operating Income of $35,438, or $2,953 per month, when operated at full capacity under the current operating model. Based on the financing assumptions contained in the offering materials, the property projects a 10.9% cap rate and 16.1% cash-on-cash return.
The building includes ten private rooms, an administrative office, two ADA-accessible rooms, shared kitchen and laundry facilities, and a fire sprinkler system. This configuration supports a variety of housing models, including workforce housing, shared housing, transitional housing, senior housing, and other congregate living arrangements permitted by law.
Located near the 33rd Street, Waverly, and Greenmount Avenue commercial corridor, residents have convenient access to Giant Food, retail shopping, laundromats, dining, and public transportation. Investors seeking strong projected cash flow, existing licensing, and flexible housing opportunities will find a compelling opportunity at 3921 Old York Road.
Location
State MD
County Baltimore City
Zoning R-7
Interior
Hot Water Natural Gas
Heating Other
Cooling Central A/C, Window Unit(s)
Inclusions 1 stacked washer and dryer, 1 refrigerator, 1 oven,
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Asphalt
Accessibility Ramp - Main Level
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0309013913B028
Ownership Ground Rent
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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