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    The Largest CRE Database in the US with Over 1 Million Listings

    6500 Gilmore St Woodlawn, MD 21207

    Sponsored
    For Sale
    $365,000

    MULTI_FAMILY - Craftsman - WOODLAWN, MD

    Property size:
    1,480 SF
    Lot size:
    0.16 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 1 at 6:06 pm

    Property Features for 6500 Gilmore St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking
    1
    Parking features
    On Street, Driveway
    Interior features
    Walk-in Closet(s), Wood Floors
    Appliances
    Stove, Refrigerator, Washer/Dryer Stacked, Water Heater - Tankless
    Size
    1,480 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Window Unit(s), Ceiling Fan(s)

    Building Details

    Year built
    1925
    Number of units
    2
    Building materials
    Brick, Vinyl Siding
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Lorenzo Waters III

    Tristar Realty Inc (301) 586-9179

    Listing agent Lorenzo Waters III (301) 523-9046 License #5002023

    Listing date Jan 28, 2026

    MLS# MDBC2142078 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.

    Learn more

    Property Insight Report

    Overview

    Woodlawn Multi-Family Investment Opportunity

    This multi-family property presents an investment opportunity in a suburban Woodlawn, MD setting. The detached single-family home includes an upstairs apartment with a separate entrance and two electric meters. The first-floor main house is a bungalow featuring two bedrooms and one bath. It includes new carpet, over 8.5' ceilings, and an open layout. The remodeled kitchen (2021) offers counter space, stainless steel appliances, and water-resistant Pergo flooring. Hardwood flooring is present throughout much of the house, and the main bedroom has a walk-in closet with floor-to-ceiling mirrors. The property features a front porch and a 12X12 deck in the back with a fenced-in yard. The basement, with the same footprint as the home, provides storage space and a walk-out to the backyard. The roof was replaced in 2020, and an energy-efficient tankless heating system was installed in 2016. The house has radiant heat and two window units. The second-floor apartment includes two bedrooms and one bath. The second bedroom has a large closet, and the family room offers extra storage. Off the kitchen is an outcove with a desk. A washer and dryer are included. The property is located close to the Social Security Administration, shopping mall, outlets, restaurants, and the library, and is 20 minutes from downtown. Situated on a corner lot, there is on-street parking and a parking pad in the rear of the property. The lot size is 0.16 acres, and the property size is 1480 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodlawn
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.73258
    Latitude
    39.32002

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    FAQs

    What type of property is this?
    Duplex - Detached home with apartment, updated kitchen, and ample storage.
    Where is this duplex located?
    The property is located at 6500 Gilmore St Woodlawn, MD.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: - Upstairs apartment with separate entrance and electric meters offers income potential.; - **Recently remodeled (2021) kitchen** with stainless steel appliances and water-resistant Pergo flooring.; - New roof (2020) and energy-efficient tankless water heater (2016).
    (301) 586-9179
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6500 Gilmore St Woodlawn, MD 21207
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    We can help!
    Listing Contact
    Lorenzo Waters III
    Real Estate License ID: 5002023
    (301) 586-9179
    Learn more
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