2837 PATAPSCO ROAD
About This Property
This old home is essentially a shell, gutted down to the studs. Demo and trash-out are complete, with some new framing already in place. The property offers a blank canvas for a buyer to redesign and renovate according to their own plans, featuring a spacious rear yard and a convenient Finksburg location.
The property is listed in SDAT as 2841 Patapsco Road, and encompasses 2837, 2839, and 2841 Patapsco Road. Buyer must verify all property information, including addresses, lot details, zoning, permitted use, square footage, utilities, and intended renovation plans. See pages 2 and 3 of photos for possible visional layout.
A major improvement is complete: the prior owner installed a new septic system, with receipts available in the document section. Documentation from a plumber regarding the existing hand-dug well is also available. Buyer must review all available documents and verify all utility, well, septic, water quality, and permitting information to their satisfaction.
Property requires a complete renovation and is likely best suited for cash, hard money, construction, or renovation financing. Planned lay out included in the picture is a suggested layout only which provides 4 beds and 2.5 baths with attached carport for parking. Buyer to verify if the layout is suitable.
Please use caution when touring, as the property is gutted and was under renovation. Sold strictly AS-IS, WHERE-IS. Seller will make no repairs.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$75,000
↓ $25K
(24.9%) | |
| Price Decreased | |||
| Sep 3, 2026 | Price Decreased |
$99,900
↓ $20K
(16.7%) | |
| Price Decreased | |||
| Jun 12, 2026 | Listed by Witz Realty, LLC | $119,900 | |
| Listed by Witz Realty, LLC | |||
| Jul 29, 2025 | Price Decreased |
$194,900
↓ $15K
(7.2%) | |
| Price Decreased | |||
| Jul 26, 2025 | Price Decreased |
$209,900
↓ $10K
(4.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017