4-Unit Brick Duplex
For Sale
$370,000
1051-1053 DESOTO Road, Baltimore, MD 21223
Multi-Family, BALTIMORE, MD
Property Size2,432 SF
Lot Size0.14 Acres
Price / SF$152.14
Days on Market186
Property Features for 1051-1053 DESOTO Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking
4
Parking features
Fenced, On Street, Assigned, Driveway, 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
Additional Details
Individually Metered Utilities
gas, electric
Taxes and HOA fees
Tax Annual Amount
2429
Utilities
Heating system
Forced Air, Central
Cooling system
Ceiling Fan(s), Window Unit(s)
Building Details
Year built
1942
Number of units
4
Building materials
Brick, Masonry
Architectural style
Other
Buildings
2
Listing Agency:
Homecoin.com
Listed By:
Jonathan Minerick · License #5014919
(888) 400-2513
Added: Apr 29
Changed: Oct 29
Last Checked: Oct 31 at 3:06AM
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.
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Investment Insights
Based on property information with market context.
This four-unit offering combines two adjoining brick duplexes at 1051 and 1053 Desoto Road. The end-unit and center-unit buildings total 2,432 square feet on a 0.1378-acre parcel. Recent work includes flooring, interior paint, and bathroom fixture updates; HVAC systems have also been serviced. Each property has private rear space, and the sale is as-is. Lead Risk Reduction Certificates are available.
The properties occupy the corner of Cowan Road and Desoto Road, with Desoto Road connecting to Wilkens Avenue. Ascension Saint Agnes Hospital, I-95, I-295, MARC access, and commuter routes are described as minutes away. Gas and electric are separately metered; public water and sewer serve the properties, and solar energy service is provided through Sunrun. The buildings date to 1942 and have consistent occupancy.
The properties occupy the corner of Cowan Road and Desoto Road, with Desoto Road connecting to Wilkens Avenue. Ascension Saint Agnes Hospital, I-95, I-295, MARC access, and commuter routes are described as minutes away. Gas and electric are separately metered; public water and sewer serve the properties, and solar energy service is provided through Sunrun. The buildings date to 1942 and have consistent occupancy.
Key Highlights
- Four units across two adjoining brick duplexes
- 2,432 square feet on a 0.1378‑acre parcel
- Separate gas and electric meters; public water and sewer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,685
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,700
$633.7K
Cap Rate 7%
$452,643
$452.6K
Cap Rate 9%
$352,056
$352.1K
Market Conditions
NOI Build-Up for 2,432 SF
Gross rent
$61.3K $25.20/SF
− Vacancy
−$3.7K −$1.51/SF
EGI
$57.6K $23.69/SF
− OpEx
−$25.9K −$10.66/SF
NOI
$31.7K $13.03/SF
Area
Baltimore, MD
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,700
Cap Rate 7%
$452,643
Cap Rate 9%
$352,056
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
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
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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 - Two adjoining residences have separate gas and electric meters, updated interiors, and serviced HVAC systems.
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: Four units across two adjoining brick duplexes; 2,432 square feet on a 0.1378‑acre parcel; Separate gas and electric meters; public water and sewer
