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$317,500
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Property Description
"¢ 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.
Full Property Details
Full Property Details for 3921 Old York Rd
General
- Sold For: $317,500
- Taxes: $3,264 (2025)
- Status: Closed
- Type: Single Family
- Source: BrightMLSMidAtlantic
- MLS ID: MDBA2218616
- Added to Site: 70 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Upper Floor Baths: 1
- Upper - Full Baths: 1
- Main Floor Baths: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 10
- Bedrooms Upper: 7
- Bedrooms Main & Up: 3
Parking
- Parking Type: None
Location
- Municipality: Baltimore City
- County: BALTIMORE CITY
- Subdivision: PEN LUCY
- Cross Streets: Lowndes Avenue
- Driving Directions: GPS
- City Limits: Yes
School Information
- School District: Baltimore City Public Schools
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Other
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Converted Dwelling
- Structure Type: Detached
- Construction: Frame
- Basement: Yes
- Basement Desc.: Partial
- Foundation: Stone
- Roof: Asphalt
- Stories Description: Main, Upper 1
- Square Feet: 3,844
- Sq. Ft. Source: Assessor
- Living Area: 2,616 Sq. Ft.
- Finished Above Grnd: 2,616 Sq. Ft.
- Year Built: 1930
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 4,000
- Lot Size Source: Assessor
- Lot Dimensions: 100' x 40'
- Zoning: R-7
Financial Considerations
- Price Per Sq. Ft.: $124.24
- Ground Rent: $96
- Assessment Year: 2026
- City/TownTax: $3,109
- City/TownTax Freq: Annually
- County Tax: $155
- County Tax Freq: Annually
- Tax w/Assessment: $140,700
- Tax Amount: $3,264
- Tax Year: 2025
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 2616
Disclosures and Reports
- Ownership: Ground Rent
- Exclusions: Tenant's possessions.
- Inclusions: 1 stacked washer and dryer, 1 refrigerator, 1 oven,
- Section: 1
- Lot Number: 28
Listed by Ben Frederick Realty, Inc., Will A Cannon III
Sold by Non Subscribing Office, NON MEMBER
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Schools
Schools serving 3921 Old York Rd
School District:Baltimore City Public Schools
| Name | Grades | Distance |
|---|---|---|
Guilford Elementary/Middle School 4520 York Road, Baltimore, MD 21212 | PK-8 | 0.5 mi |
Baltimore I.T. Academy 900 Woodbourne Avenue, Baltimore, MD 21212 | 6-8 | 1.2 mi |
Stadium School 1400 Exeter Hall Avenue, Baltimore, MD 21218 | 6-8 | 1.2 mi |
Academy For College And Career Exploration 1300 West 36th Street, Baltimore, MD 21211 | 6-12 | 1.7 mi |
Mergenthaler Vocational-Technical High School 3500 Hillen Road, Baltimore, MD 21218 | 9-12 | 0.9 mi |
Baltimore City College 3220 The Alameda, Baltimore, MD 21218 | 9-12 | 1 mi |
The Reach! Partnership School 2555 Harford Road, Baltimore, MD 21218 | 8-12 | 1.6 mi |
Afya Public Charter Middle School 2800 Brendan Avenue, Baltimore, MD 21213 | 6-8 | 2 mi |
Baltimore Design School 1500 Barclay Street, Baltimore, MD 21202 | 6-10 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3921 Old York Rd
Date
Details
Price
Change
Source
8/07/2026
Sold
$317,500
-2.31%
MLS
6/08/2026
Listed
$325,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3921 Old York Road, Baltimore, MD 21218 (MLS# MDBA2218616) is a Single Family property that was sold at $317,500 on August 07, 2026. Want to learn more about 3921 Old York Road? Do you have questions about finding other Single Family real estate for sale in Baltimore? You can browse all Baltimore real estate or contact a Coldwell Banker agent to request more information.

