1001 S CAREY Street, Baltimore, MD 21223
MULTI_FAMILY - Federal - BALTIMORE, MD
- Added:
- May 15, 2026
- Days on Market:
- 28
- Last Refresh:
- Jun 11 at 1:06 am
Property Features for 1001 S CAREY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Interior features
- Kitchen - Gourmet, Recessed Lighting, Upgraded Countertops
- Appliances
- Dryer, Washer
- Standard status
- Active
- Size
- 1,848 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3252
Building Details
- Year built
- 1898
- Number of units
- 3
- Building materials
- Brick
- Architectural style
- Federal
Listing agent Sandra L Jenkins-Blackburn License #586305 (443) 375-6505
Listing office EXP Realty, LLC 8115 Maple Lawn Boulevard unit: 350, National Harbor, MD (888) 860-7369
Listing date May 15, 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.
HighLights
- End‑unit mixed‑use property with ground‑floor commercial space and two residential units above
- 2nd level apartment: 2 bed, 2 bath (approx. 600 SF)
- 3rd level apartment: 1 bed, 1 bath (approx. 600 SF)
- Year built 1898 with Federal architectural style and brick construction
- Gourmet kitchen features include upgraded countertops and recessed lighting
- Rooftop deck and sunroom area with panoramic views of downtown Baltimore and the historic B&O Railroad
Overview
The property is located at 1001 S. Carey Street in Baltimore City, within the Pigtown area. Public remarks note a prominent, highly visible end-unit configuration and rooftop line on the block, with views described as including downtown Baltimore and the historic B&O Railroad.
With commercial space on the ground floor and residential units above, the layout can support a live-work concept or an investment strategy that separates day-to-day business use from tenancy upstairs. The listing notes that buyers should verify zoning flexibility with the city if they plan to accommodate a small business, residence, or a combination of both.
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 | $41.0k | $22.20 |
| − Vacancy | −$2.3k | −$1.22 |
| EGI | $38.8k | $20.98 |
| − OpEx | −$11.6k | −$6.29 |
| NOI | $27.1k | $14.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.63659
- Latitude
- 39.28185
