• 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.
Sold for $317,500
Zestimate®
$317,500
3921 Old York Rd, Baltimore, MD 21218
10beds
2,616sqft
Single Family Residence
Built in 1930
4,000 Square Feet Lot
$317,500 Zestimate®
$121/sqft
$1,942 Estimated rent
Home value
$317,500
$289,000 - $349,000
$1,942/mo
Zestimate® history
Owner options
List your home for rent
$1,942/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,942/mo
Rent Zestimate®
Refinance and save
$2,123/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,123/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Ten private roomsTwo ada-accessible roomsFire sprinkler systemAdministrative office
Zillow last checked:
Listing updated:
Listed by:
Will Cannon 410-916-3331,
Ben Frederick Realty, Inc.
Bought with:
NON MEMBER, 0225194075
Non Subscribing Office
Source: Bright MLS,MLS#: MDBA2218616
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 3
Basement
- Area: 1228
Heating
- Other, Natural Gas
Cooling
- Central Air, Window Unit(s), Electric
Appliances
- Included: Gas Water Heater
Features
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 3,844
- Total interior livable area: 2,616 sqft
- Finished area above ground: 2,616
- Finished area below ground: 0
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: Accessible Approach with Ramp
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 4,000 Square Feet
- Dimensions: 100' x 40'
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 0309013913B028
- Zoning: R-7
- Zoning description: Licensed for 10 rooming units. Zoning permits this SFH with up to 10 residents and allows residential substance abuse.
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Pen Lucy
HOA
- Has HOA: No
Location
- Region: Baltimore
- Municipality: Baltimore City
Financial & listing details
- Price per square foot: $121/sqft
- Tax assessed value: $140,700
- Annual tax amount: $3,264
- Date on market: 6/8/2026
- Listing agreement: Exclusive Right To Sell
- Inclusions: 1 Stacked Washer And Dryer, 1 Refrigerator, 1 Oven,
- Exclusions: Tenant's Possessions.
- Ownership: Ground Rent
- Total actual rent: 7410
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Sold | $317,500-2.3%$121/sqft |
Source:  Bright MLS #MDBA2218616 Report a problem | ||
| 6/9/2026 | Listing removed | $325,000$124/sqft |
Source: Bright MLS #MDBA2218616 Report a problem | ||
| 6/8/2026 | Listed for sale | $325,000+116.7%$124/sqft |
Source: Bright MLS #MDBA2218616 Report a problem | ||
| 4/11/2022 | Sold | $150,000+50%$57/sqft |
Source: Public Record Report a problem | ||
| 4/25/2014 | Sold | $100,000+488.2%$38/sqft |
Source: Public Record Report a problem | ||
| 3/31/1999 | Sold | $17,000-5.6%$6/sqft |
Source: Public Record Report a problem | ||
| 2/2/1998 | Sold | $18,000-53.8%$7/sqft |
Source: Public Record Report a problem | ||
| 10/31/1996 | Sold | $39,000$15/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $138,300 +4% |
| 2024 | $3,140 +4.1% | $133,033 +4.1% |
| 2023 | $3,015 +4.3% | $127,767 +4.3% |
| 2022 | $2,891 | $122,500 |
| 2021 | $2,891 | $122,500 |
| 2020 | $2,891 -10.3% | $122,500 -10.3% |
| 2019 | $3,221 | $136,500 |
| 2018 | $3,221 | $136,500 |
| 2017 | $3,221 | $136,500 -0.8% |
| 2016 | -- | $137,600 |
| 2015 | -- | $137,600 -16.4% |
| 2010 | -- | $164,500 +0.9% |
| 2009 | -- | $163,000 +0.9% |
| 2008 | -- | $161,500 +0.9% |
| 2007 | -- | $160,000 |
| 2006 | -- | $160,000 |
| 2005 | -- | $160,000 +166.7% |
| 2004 | -- | $60,000 |
| 2003 | -- | $60,000 |
| 2002 | -- | $60,000 -0.4% |
| 2001 | -- | $60,270 |
Find assessor info on the county website
Neighborhood: Pen Lucy
Nearby homes
- $149,8003 bd1 ba1.2k sqft601 Dumbarton Ave, Baltimore, MD 21218Off Market
- $112,100-- bd1 ba1.4k sqft603 Dumbarton Ave, Baltimore, MD 21218Off Market
- $202,8004 bd2 ba1.1k sqft605 Dumbarton Ave, Baltimore, MD 21218Off Market
- $63,0001 bd1 ba500 sqft4001 Old York Rd, Baltimore, MD 21218Off Market
- $131,600-- bd1 ba1.1k sqft607 Dumbarton Ave, Baltimore, MD 21218Off Market
- $306,1007 bd3 ba2.5k sqft600 Wyanoke Ave, Baltimore, MD 21218Off Market
- $---- bd-- ba-- sqft4003 Old York Rd, Baltimore, MD 21218Off Market
- $290,0003 bd3 ba1.6k sqft602 Wyanoke Ave, Baltimore, MD 21218Sold
Nearby schools
GreatSchools rating
- 2/10Walter P. Carter Elementary SchoolGrades: PK-8Distance: 0.4 mi
- 5/10Stadium SchoolGrades: 6-8Distance: 1.1 mi
- 8/10Baltimore City CollegeGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- District: Baltimore City Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$317,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$317,500
- Maryland
- Baltimore City
- Baltimore
- 21218
- Pen Lucy
- 3921 Old York Rd
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Baltimore Topics
