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Renovated 2-Unit Residential Income

141 S AUGUSTA Avenue Baltimore, MD 21229

New
141 S AUGUSTA Avenue, Baltimore, MD, 21229
$349,000
For Sale
Claim this Listing
$349,000

MULTI_FAMILY - Other - BALTIMORE, MD

Property Size2,350 SF
Lot Size0.13 Acres
Price / SF$148.51
AddedJul 13
Days on Market3
Last RefreshJul 15 at 4:06 pm

Property Features for 141 S AUGUSTA Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Appliances
Dishwasher, Microwave, Refrigerator, Stainless Steel Appliances
Standard status
Active
Size
2,350 SF
Lot size
0.13 Acres

Taxes and HOA fees

Tax Annual Amount
582

Utilities

Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)

Building Details

Year built
1900
Number of units
2
Building materials
Brick
Architectural style
Other

Listing agent Keith Nowlin Sr. License #648718

Listing office Fairfax Realty Elite 7375 Executive Place unit: 303, Falls Church, MD

Listing date Jul 13, 2026

MLS# MDBA2223026 Listing URL

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.

This completely renovated 2-unit residential income property includes a first-floor apartment with one bedroom, one full bathroom, and an additional bonus room, along with a second-floor apartment featuring three bedrooms and two full bathrooms. Updates throughout the building include brand-new HVAC systems, new hot water heaters, new energy-efficient windows, new kitchen appliances and refrigerators, new dishwashers, updated sinks and toilets, new interior doors, fresh paint, and laminate flooring. Washer and dryer hookups are provided in each unit.

The property also includes a full basement, with potential for future finishing subject to buyer verification of zoning and permitting requirements. The site is identified as 141 S Augusta Avenue, Baltimore, MD 21229 in Baltimore City.

Key Highlights

  • Completely renovated 2‑unit property in Baltimore with live‑in flexibility (rent one or both units)
  • First‑floor unit: 1 bedroom, 1 full bathroom, plus a bonus room; includes washer and dryer hookups
  • Second‑floor unit: 3 bedrooms, 2 full bathrooms, including a primary bedroom with exposed brick; includes washer and dryer hookups

Local Financial Insights For Apartment 5plus

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 $59.2k $25.20
− Vacancy −$3.6k −$1.51
EGI $55.7k $23.69
− OpEx −$25.1k −$10.66
NOI $30.6k $13.03
2,350 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$474.6K
$415.3K – $553.7K (±1% cap)
NOI $33,222 @ 7.0% cap · market cap 9.52%
Second Best
Apartment 5plus
$437.4K
$382.7K – $510.3K (±1% cap)
NOI $30,617 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$560.3K
$490.2K – $653.6K (±1% cap)
NOI $39,218 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Accounting Firm HVAC Service Building Supply Electrical Service Skin Care Clinic (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Completely renovated duplex with two apartments, brand-new HVAC, updated kitchens, and washer/dryer hookups in each unit.
Where is this duplex located?
The property is located at 141 S AUGUSTA Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Completely renovated 2‑unit property in Baltimore with live‑in flexibility (rent one or both units); First‑floor unit: 1 bedroom, 1 full bathroom, plus a bonus room; includes washer and dryer hookups; Second‑floor unit: 3 bedrooms, 2 full bathrooms, including a primary bedroom with exposed brick; includes washer and dryer hookups
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