Four-Story Duplex with Private
For Sale
$975,000
1023 N Calvert Street, Baltimore, MD 21202
A separate lower-level residence with its own entrance, kitchen, living area, full bath, and patio adds a second unit.
Property Size4,690 SF
Price / SF$207.89
Days on Market8
Property Features for 1023 N Calvert Street
General Information
Standard status
Active
Size
4,690 SF
Total Parking Spaces
9
Property subtype
Multi-family
Lease Term
[]
Site & Location
Neighborhood
Mid-Town Belvedere
Highway Access
Yes
Public Transit
Yes
Additional Details
Gross Income
$21,600
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1900
Stories
4
Listing Agency:
ExecuHome Realty
Listed By:
Dimitrios Lynch Jr. · License #621538
(410) 960-2949
Source:
Deepcreeklake
Added: Oct 17
Changed: Oct 23
Last Checked: Oct 23 at 3:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ExecuHome Realty
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Investment Insights
Based on property information with market context.
This 4,690-square-foot, four-story duplex, built in 1900, combines a main residence with a legal lower-level unit. The upper residence has four bedrooms and multiple full baths, including a third-floor primary suite with a jetted soaking tub, dual-head shower, and walk-in closet. A curved staircase links the floors, and seven electric fireplaces are installed throughout. The main kitchen includes an island, granite counters, hardwood cabinetry, and a breakfast nook. Repointed brickwork, refurbished energy-efficient windows, and a copper-clad rubber roof complete the building improvements; the roof has 14 years remaining on its Firestone warranty.
The lower unit has a private entrance, kitchen, living space, full bath, and patio. Private parking provides nine spaces, accessed by an easement across land behind 1025 N. Calvert St. Penn Station, subway, Light Rail, and I-83 are described as steps away.
The lower unit has a private entrance, kitchen, living space, full bath, and patio. Private parking provides nine spaces, accessed by an easement across land behind 1025 N. Calvert St. Penn Station, subway, Light Rail, and I-83 are described as steps away.
Key Highlights
- 4,690‑square‑foot, four‑story duplex built in 1900
- Legal lower‑level unit with private entrance, kitchen, living space, full bath, and patio
- Private parking area with nine spaces, accessed by an easement behind 1025 N. Calvert St.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,874
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,480
$1.4M
Cap Rate 7%
$983,914
$983.9K
Cap Rate 9%
$765,267
$765.3K
Market Conditions
NOI Build-Up for 4,690 SF
Gross rent
$104.1K $22.20/SF
− Vacancy
−$5.7K −$1.22/SF
EGI
$98.4K $20.98/SF
− OpEx
−$29.5K −$6.29/SF
NOI
$68.9K $14.69/SF
Area
Baltimore, MD
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,480
Cap Rate 7%
$983,914
Cap Rate 9%
$765,267
Alternative Uses
Best Use
Multifamily LT 5
$983.9K
$860.9K – $1.15M
NOI $68,874 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$872.9K
$763.8K – $1.02M
NOI $61,103 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$1.12M
$983.2K – $1.31M
NOI $78,652 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,679
Businesses Nearby
Explore this area
Business Placement
Demographics for 21202, MD
22,247
Population
12,731
Households
1.7
Avg Household Size
33
Median Age
48%
College-Educated
86%
High-School Grad
1.6 sq mi
ZIP Area
13,904
Density / Sq Mi
$61,578
Median Household Income
$53,609
Median Earnings
$1,497
Median Rent
$307,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A separate lower-level residence with its own entrance, kitchen, living area, full bath, and patio adds a second unit.
Where is this duplex located?
The property is located at 1023 N Calvert Street Baltimore, MD.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 4,690‑square‑foot, four‑story duplex built in 1900; Legal lower‑level unit with private entrance, kitchen, living space, full bath, and patio; Private parking area with nine spaces, accessed by an easement behind 1025 N. Calvert St.
