Four-Story Duplex with
New
For Sale
$975,000
1023 N CALVERT Street, Baltimore, MD 21202
Multi-Family, BALTIMORE, MD
Property Size4,690 SF
Lot Size0.06 Acres
Price / SF$207.89
Days on Market1
Property Features for 1023 N CALVERT Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Driveway
Interior features
Bathroom - Walk-In Shower, Bathroom - Soaking Tub, Bathroom - Jetted Tub, Skylight(s), Kitchen - Gourmet, Kitchen - Island, Breakfast Area, Upgraded Countertops, Walk-in Closet(s), Wine Storage, Wood Floors, Spiral Staircase, Ceiling Fan(s), 2nd Kitchen, Primary Bath(s)
Fireplace
1
Appliances
Cooktop, Cooktop - Down Draft, Dishwasher, Disposal, Built-In Microwave, Energy Efficient Appliances, ENERGY STAR Refrigerator, Icemaker, Range Hood, Exhaust Fan, Extra Refrigerator/Freezer, Oven/Range - Electric, Oven - Self Cleaning, Stainless Steel Appliances, Washer - Front Loading, Washer/Dryer Stacked, Dryer - Electric
Subdivision
MOUNT VERNON
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Size
4,690 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
22104
Utilities
Heating system
Heat Pump (Heating), Zoned
Cooling system
Central Air, Zoned
Building Details
Year built
1900
Number of units
1
Building materials
Stone, Brick
Architectural style
Contemporary, Federal
Additional Structures
Storage
Listing Agency:
ExecuHome Realty
(443) 632-3000
Listed By:
Dimitrios Lynch Jr. · License #621538
(410) 960-2949
Added: Oct 20
Last Checked: Oct 20 at 10:06PM
MLS# MDBA2235296
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.
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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 multi-level primary residence with a legal lower-level apartment. The main residence includes four bedrooms, multiple full baths, a kitchen with a center island and breakfast area, and seven electric fireplaces. The apartment has a private entrance, kitchen, living area, full bath, and patio; it is currently rented. The property occupies 0.0636 acres and includes a private parking area with nine spaces, accessed by an easement across land behind 1025 N. Calvert St.
Repointed brickwork, refurbished energy-efficient windows, and a copper-clad rubber roof are among the building improvements. The roof has 14 years remaining on its Firestone warranty. Penn Station, subway, Light Rail, and I-83 are described as nearby. The property is in Baltimore’s arts and entertainment district, with a Walk Score of 95 and Transit Score of 98.
Repointed brickwork, refurbished energy-efficient windows, and a copper-clad rubber roof are among the building improvements. The roof has 14 years remaining on its Firestone warranty. Penn Station, subway, Light Rail, and I-83 are described as nearby. The property is in Baltimore’s arts and entertainment district, with a Walk Score of 95 and Transit Score of 98.
Key Highlights
- 4,690‑square‑foot duplex with a four‑story primary residence and legal lower‑level apartment
- Separate apartment has a private entrance, kitchen, living area, full bath, and patio; currently rented
- Private parking area with nine spaces, reached by an easement across land 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
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 apartment has its own entrance, kitchen, living area, bath, and patio.
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 duplex with a four‑story primary residence and legal lower‑level apartment; Separate apartment has a private entrance, kitchen, living area, full bath, and patio; currently rented; Private parking area with nine spaces, reached by an easement across land behind 1025 N. Calvert St.
