ActiveUnderContract: $325000, 3921 OLD YORK RD, BALTIMORE, MD, 21218 MLS: MDBA2218616

MDBA2218616

Active Under Contract: 3921 OLD YORK RD, BALTIMORE, MD, 21218

10
Beds
2.
Bath
$325,000
Price
2616 Sq. ftLiving Area

• 16.1% Projected Cash-on-Cash Return

• $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.

Status: Active Under Contract
MLS #: MDBA2218616
Days On Market: 2
Taxes: $3264 / 2025
Property Type: Residential
Year Built: 1930
Lot Size: 0.09 / 4000
InteriorFeatures:
Courtesy of: Ben Frederick Realty, Inc.