• 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.
Single-familyProperty Type
1930Year Built
4,000 sq ftLot Size
$121Price/Sq.Ft.
Listed by Will Cannon• Ben Frederick Realty, Inc.
•410-235-9500 (broker)
•info@benfrederick.com (broker)
Bought with Non Member NON MEMBER• Non Subscribing Office
Neighborhoods: The R-7 Mixed Residential Zoning District is intended for those areas that offer a diverse range of housing types. Development in this district accommodates a transition between naturalistic and urban residential settings.; Housing types: The R-7 District is meant to accommodate a diverse range of housing types, including detached and semi-detached dwellings, rowhouse developments, and multi-family developments of a larger scale than found in the more restrictive residential districts.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Educational / school
Park & open space
Property details
Interior
Bedroom Information
# of Bedrooms On 1st Upper Level: 7
# of Bedrooms On Main Level: 3
Bathroom Information
# of Bathrooms (Full) On 1st Upper Level: 1
# of Bathrooms (Full) On Main Level: 1
# of Bathrooms (Full) On All Upper Levels: 1
# of Bathrooms (Full): 2
Interior Information
Living Area Sq.Ft. Source: Assessor
Basement Information
Basement: Yes
Partial
Exterior
Property Information
Total Below Grade Sq. Ft.: 1228
Accessibility Features: Ramp - Main Level
Improvement Assessed Value: $125,500
Ownership Interest: Ground Rent
Year Built Source: Assessor
Building Information
Construction Materials: Frame
Foundation Details: Stone
Other Structures: Above Grade, Below Grade
Roof: Asphalt
Structure Type: Detached
Lot Information
Ground Rent Amount: $96
Ground Rent Payment Frequency: Semi-Annually
Ground Rent Years Remaining: 99
Lot Size Dimensions: 100' x 40'
Lot Dimensions Source: Estimated
Tidal Water: No
Land Information
Land Assessed Value: $20,000
Above Grade Information
Finished Sq.Ft.: 2,616
Finished Sq.Ft. Source: Assessor
Below Grade Information
Unfinished Sq.Ft.: 1,228
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor
Financial
Tax Information
City/Town Tax: $3,109
County Tax: $155
Tax Assessed Value: $140,700
Tax Year: 2025
Tax Annual Amount: $3,264
Assessments Information
Year Assessed: 2026
Rental Information
Total Actual Rent: $7,410
Utilities
Utilities Information
Central Air
Cooling Type: Central A/C, Window Unit(s)
Cooling Fuel: Electric
200+ Amp Service
Other
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Location
School Information
School District Name: BALTIMORE CITY PUBLIC SCHOOLS
School District Source: Listing Agent
Location Information
In City Limits
Cross Street: Lowndes Avenue
Directions: GPS
Municipality: Baltimore City
Public facts
Beds: —
Baths: —
Sq. Ft.: 5,072
Stories: 2.0
Lot Size: 4,000 square feet
Style: Single Family Residential
Year Built: 1930
Year Renovated: —
County: Baltimore City
APN: 3913B028
Home facts updated by county records on Apr 11, 2023
Around this home
Schools
Stadium School
Public 6-8 • Assigned • 1.2mi
2/10
Mergenthaler Vocational-Technical High School
Public 9-12 • Assigned • 1.0mi
1/10
Provided by GreatSchools
Historical weather
Baltimore, MD • 21218
Average low and high temperatures (°F)
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31
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May
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Sun exposure
88/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$315,000 – $381,000
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