Baltimore Duplex: Urban Living,
1402 CARROLL Street Baltimore, MD 21230
1402 CARROLL Street, Baltimore, MD, 21230
$229,900
For Sale
$229,900
MULTI_FAMILY - Federal - BALTIMORE, MD
Property Size1,104 SF
Price / SF$208.24
Days on Market350
Property Features for 1402 CARROLL Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,104 SF
Taxes and HOA fees
- Tax Annual Amount
- 2756
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1875
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Federal
Listing agency
ExecuHome Realty
(443) 632-3000
Listed by
Keiry Martinez · License #665028
(443) 226-9097
Added: Aug 7, 2025 Updated: Jun 9 at 11:47AM Checked: Jul 22 at 5:06PM
MLS# MDBA2178954
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Baltimore, MD, this duplex at 1402 Carroll St offers urban living and investment potential. The property is licensed, lead-free, and inspected. Unit 1 is a spacious lofted upper level with 2 bedrooms and 1 bathroom. It features a Calacatta quartz kitchen with stainless steel appliances, modern designs including exposed spiral ducts, and a glass shower bathroom. Unit 2 is a 1-bedroom, 1-bathroom unit rented to a long-term tenant, providing immediate rental income. A shared, updated laundry room offers convenience. This 1,104 square foot property presents an investment opportunity in Baltimore's real estate market.
Key Highlights
- Turnkey, cash‑flowing duplex with a great, long‑term tenant already in place, providing immediate rental income.
- Property is licensed, LEAD‑FREE, and inspected, ensuring compliance and safety.
- Unit 1 features a modern, stylish 2‑bedroom loft with Calacatta quartz kitchen, stainless steel appliances, exposed spiral ducts, and glass shower bathroom.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.5k | $22.20 |
| − Vacancy | −$1.3k | −$1.22 |
| EGI | $23.2k | $20.98 |
| − OpEx | −$6.9k | −$6.29 |
| NOI | $16.2k | $14.69 |
1,104 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$231.6K
$202.7K – $270.2K
NOI $16,213 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$205.5K
$179.8K – $239.7K
NOI $14,383 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$264.5K
$231.4K – $308.6K
NOI $18,514 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Turnkey duplex in Baltimore with immediate rental income potential.
Where is this duplex located?
The property is located at 1402 CARROLL Street Baltimore, MD.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Turnkey, cash‑flowing duplex with a great, long‑term tenant already in place, providing immediate rental income.; Property is licensed, LEAD‑FREE, and inspected, ensuring compliance and safety.; Unit 1 features a modern, stylish 2‑bedroom loft with Calacatta quartz kitchen, stainless steel appliances, exposed spiral ducts, and glass shower bathroom.
