501 BALTIC Avenue Brooklyn, MD 21225
MULTI_FAMILY - Federal - BROOKLYN, MD
Property Features for 501 BALTIC Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Appliances
- Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer
- Standard status
- Active
- Size
- 1,294 SF
Taxes and HOA fees
- Tax Annual Amount
- 2520
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1945
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Federal
Listing agent Renwick G James License #587100 (410) 812-5004
Listing office Cummings & Co. Realtors 2314 Boston Street, Baltimore, MD (410) 823-0033
Listing date Jun 8, 2026
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.
The property is described as being near public transportation and everyday amenities. Access to major commuter routes is noted, including I-895, I-95, I-695, Route 100, and Route 40, along with buses and commuter rails. The listing also states the duplex is close to a fire station, major churches, and convenient stores.
For buyers seeking an income-producing residential rental asset, this duplex features tenant-occupied units and a straightforward utility responsibility structure, with tenants paying electricity and the owner paying for water and sewer. Because the property is occupied, showings are described as needing to be scheduled and handled with agent accompaniment after appointments are confirmed.
Key Highlights
- End of row duplex with two separate units and reported 100% occupancy
- Unit 1: 1 bedroom, 1 bathroom with living/dining and kitchen
- Unit 2: 2 bedrooms and 1.5 bathrooms
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 | $28.7k | $22.20 |
| − Vacancy | −$1.6k | −$1.22 |
| EGI | $27.1k | $20.98 |
| − OpEx | −$8.1k | −$6.29 |
| NOI | $19.0k | $14.69 |
