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

    737 Dolphin St Baltimore, MD 21217

    Sponsored
    For Sale
    $299,900

    MULTI_FAMILY - Federal - BALTIMORE, MD

    Property size:
    2,500 SF
    Days on Market:
    2
    Last Refresh:
    Feb 15 at 6:06 am

    Property Features for 737 Dolphin St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Dining Room, Basement
    Parking features
    On Street
    Interior features
    Walk-in Closet(s), Upgraded Countertops, Bathroom - Tub Shower, Bathroom - Soaking Tub, Skylight(s), Recessed Lighting, Primary Bath(s), Dining Area, Crown Moldings, Combination Kitchen/Dining, Ceiling Fan(s), Carpet
    Appliances
    Dishwasher, Disposal, Energy Efficient Appliances, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Stove, Water Heater - High-Efficiency
    Size
    2,500 SF

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Federal

    We can help!

    Listing Contact
    Diana Pham

    eXp Realty LLC (888) 860-7369

    Listing agent Diana Pham (443) 722-8899 License #674316

    Listing date Feb 14, 2026

    MLS# MDBA2202510 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

    Renovated Baltimore Rowhome with Income Potential

    Located in Baltimore, Maryland, 737 Dolphin Street is a fully renovated rowhome that blends historic charm with modern functionality. The property was completely renovated in 2020 with new systems, roof, and major components. The main level features a light-filled living room, a dedicated dining room, a half bath, and a renovated kitchen equipped with stainless steel appliances and updated finishes. The original staircase complements the contemporary updates throughout the home. The second level includes two guest bedrooms and a laundry/flex room suitable for use as an office, gym, or additional lounge space. The top level is dedicated to an expansive primary suite, featuring a walk-in closet and a spacious en suite bath. The fully finished lower level is configured as a studio apartment with a private entrance, suitable for private guest quarters or as an income-producing rental. The property offers potential for long-term, mid-term furnished, or legal short-term rentals if the upper levels are used as a primary residence. Outside, there is a fully fenced rear yard with a patio and rear deck.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.63212
    Latitude
    39.29738

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    FAQs

    What type of property is this?
    Duplex - Fully renovated rowhome with flexible living and income options.
    Where is this duplex located?
    The property is located at 737 Dolphin St Baltimore, MD.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - Fully renovated in 2020 with new systems, roof, and major components, offering peace of mind.; - Finished lower level configured as a studio apartment with private entrance, ideal for guest quarters or rental income (long-term, mid-term, or legal short-term).; - Expansive primary suite on the top level with walk-in closet and spacious en suite bath.
    (917) 435-2116
    Request Owner's contact information
    737 Dolphin St Baltimore, MD 21217
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    Baltimore, MD 21217
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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
    737 Dolphin St Baltimore, MD 21217
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    We can help!
    Listing Contact
    Diana Pham
    Real Estate License ID: 674316
    (917) 435-2116 (443) 722-8899 (443) 660-9229
    Learn more
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