USAMDBaltimoreFells Point Historic District316 S Broadway
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New
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$475,000

For Sale

6 days ago

316 S Broadway, Baltimore, MD

House

MLS® MDBA2227694

0 Bed

0 Bath

4928 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 4928 sqft
Garage 
Taxes $6,347
Days Active 6
Lot Size 
Approx. Age 1920
Avg. Price Per Sqft $96
MLS® Number MDBA2227694

Property Address: 316 S Broadway, BALTIMORE, MD, 21231-2407

Average square foot calculated using Size range provided by listing agent.

Description

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 Score® of 80. 316 S Broadway is located in the heart of Fells Point near major employers including Johns Hopkins Hospital ( 0.9 miles; 29, 000+ employees), University of Maryland Medical System ( 2.1 miles; 9, 830 employees), MedStar Health ( 3.5 miles; 6, 027 employees), and Mercy Medical Center ( 1.5 miles; 4, 028 employees). Nearby institutions include Johns Hopkins’ East Baltimore Medical Campus, University of Maryland, Baltimore, and the University of Baltimore. The property is also near the Fells Point Commercial District, Broadway Pier ( 0.6 miles), Patterson Park ( 1.2 miles), Metro Subway service, MARC stations, and multiple MTA bus routes.
MLS® NumberMDBA2227694
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
Basement
DrivewayOther
Garage Spaces
HeatOther, Other Fuel
A/COther, Electric

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 13, 2026List Date
$475,000List Price
  • Commute

Commute

Starting Address
Destination Address
316 S Broadway, Baltimore, MD

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