4-Unit Duplex Portfolio with
For Sale
$370,000
1051-1053 DESOTO Road, Baltimore, MD 21223
MULTI_FAMILY - Other - BALTIMORE, MD
Property Size2,432 SF
Lot Size0.14 Acres
Price / SF$152.14
Days on Market95
Property Features for 1051-1053 DESOTO Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
4
Parking features
On Street, Driveway, Fenced, Assigned, Carport
Appliances
Refrigerator, Oven/Range - Gas
Subdivision
MORRELL PARK
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
2,432 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
2429
Utilities
Heating system
Central, Forced Air
Cooling system
Ceiling Fan(s), Window Unit(s)
Building Details
Year built
1942
Number of units
4
Building materials
Brick, Masonry
Architectural style
Other
Listing Agency:
Homecoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #5014919
(888) 400-2513
Added: Apr 29
Changed: Jul 16
Last Checked: Aug 1 at 9:06AM
MLS# MDBA2212750
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.
Investment Insights
Based on property information with market context.
Contiguous 4-unit portfolio consisting of two side-by-side brick duplexes at 1051 and 1053 Desoto Road. The layout includes an end-unit duplex at 1053 Desoto and an adjoining center-unit duplex at 1051 Desoto. Units have separately metered gas and electric, with public water and sewer services, and solar energy service through Sunrun. Recent updates are noted across the portfolio, including flooring, interior paint, bathroom fixtures, and serviced HVAC systems. Each property also offers private rear space, and both are sold as-is.
The portfolio is located at the corner of Cowan Rd and Desoto Rd in Baltimore’s Morrell Park area, with Desoto Rd located off Wilkens Avenue. Lead Risk Reduction Certificates are available.
The seller describes consistent occupancy across the portfolio, with combined gross monthly income of approximately $4,500, or approximately $54,000 per year.
The portfolio is located at the corner of Cowan Rd and Desoto Rd in Baltimore’s Morrell Park area, with Desoto Rd located off Wilkens Avenue. Lead Risk Reduction Certificates are available.
The seller describes consistent occupancy across the portfolio, with combined gross monthly income of approximately $4,500, or approximately $54,000 per year.
Key Highlights
- Contiguous 4‑unit portfolio: two side‑by‑side brick duplexes at 1051 and 1053 Desoto Rd, Baltimore (Morrell Park area).
- Combined gross monthly income of approx. $4,500 (approx. $54,000/year) with consistent occupancy reported.
- Each unit has separately metered gas and electric, plus public water and sewer.
Financial Insights For Apartment 5plus
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 | $61.3k | $25.20 |
| − Vacancy | −$3.7k | −$1.51 |
| EGI | $57.6k | $23.69 |
| − OpEx | −$25.9k | −$10.66 |
| NOI | $31.7k | $13.03 |
2,432 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$510.2K
$446.4K – $595.3K
NOI $35,715 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$452.6K
$396.1K – $528.1K
NOI $31,685 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$582.6K
$509.8K – $679.8K
NOI $40,785 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
Explore this area
Business Placement
Demographics for 21223, MD
20,438
Population
13,034
Households
1.6
Avg Household Size
37
Median Age
12%
College-Educated
75%
High-School Grad
2.6 sq mi
ZIP Area
7,861
Density / Sq Mi
$41,828
Median Household Income
$33,367
Median Earnings
$1,110
Median Rent
$93,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Contiguous side-by-side brick duplexes with separately metered utilities, public water and sewer, serviced HVAC, and private rear space.
Where is this duplex located?
The property is located at 1051-1053 DESOTO Road Baltimore, MD.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Contiguous 4‑unit portfolio: two side‑by‑side brick duplexes at 1051 and 1053 Desoto Rd, Baltimore (Morrell Park area).; Combined gross monthly income of approx. $4,500 (approx. $54,000/year) with consistent occupancy reported.; Each unit has separately metered gas and electric, plus public water and sewer.
