Duplex with Fully Separated
4409 LEEDS Baltimore, MD 21229
4409 LEEDS, Baltimore, MD, 21229
$370,000
For Sale
$370,000
MULTI_FAMILY - Colonial - BALTIMORE, MD
Property Size1,450 SF
Lot Size0.22 Acres
Price / SF$255.17
Days on Market43
Property Features for 4409 LEEDS
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 5
- Parking features
- Driveway, Garage - Detached
- Standard status
- Active
- Size
- 1,450 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2652
Utilities
- Heating system
- Other (Heating)
Building Details
- Year built
- 1924
- Number of units
- 1
- Building materials
- Stucco
- Architectural style
- Colonial
Listing agency
Hyatt & Company Real Estate, LLC
(410) 705-6295
Listed by
Jeffrey Choyce Sr. · License #647498
(410) 340-1841
Added: Jun 10 Updated: Jul 12 at 2:17PM Checked: Jul 22 at 1:06AM
MLS# MDBC2164396
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 duplex in Baltimore, MD offers two registered rental units with fully separated utilities. The first-floor unit is configured as 1 bedroom and 1 bathroom, while the second-floor unit features 2 bedrooms and 1 bathroom. Property size is listed at 1,450 square feet, and the available photos are from the second-floor unit only.
The property is identified under commercial zoning BL. Located at 4409 Leeds in the 21229 ZIP code area, the offering includes a small lot size of 0.2238 acres.
For buyers evaluating a rental setup with clear unit separation, this floor-by-floor layout provides distinct 1st- and 2nd-level accommodations under one duplex structure.
The property is identified under commercial zoning BL. Located at 4409 Leeds in the 21229 ZIP code area, the offering includes a small lot size of 0.2238 acres.
For buyers evaluating a rental setup with clear unit separation, this floor-by-floor layout provides distinct 1st- and 2nd-level accommodations under one duplex structure.
Key Highlights
- Commercial zoning BL with 2 registered rental units
- Year built 1924 Colonial‑style building with stucco exterior
- 1st floor unit: 1 bedroom, 1 bath; 2nd floor unit: 2 bedrooms, 1 bath
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 | $31.3k | $21.60 |
| − Vacancy | −$2.0k | −$1.40 |
| EGI | $29.3k | $20.20 |
| − OpEx | −$8.8k | −$6.06 |
| NOI | $20.5k | $14.14 |
1,450 SF · lease $21.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.8K
$256.2K – $341.7K
NOI $20,499 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$269.9K
$236.1K – $314.9K
NOI $18,891 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$345.7K
$302.5K – $403.3K
NOI $24,199 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two registered rental units include a first-floor 1 bed/1 bath and a second-floor 2 bed/1 bath.
Where is this duplex located?
The property is located at 4409 LEEDS Baltimore, MD.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Commercial zoning BL with 2 registered rental units; Year built 1924 Colonial‑style building with stucco exterior; 1st floor unit: 1 bedroom, 1 bath; 2nd floor unit: 2 bedrooms, 1 bath
