Brick Four-Unit
For Sale
$370,000
1051 1051-1053 Desoto Rd, Baltimore, MD 21223
Two adjoining duplexes provide separately metered utilities, private rear space, and updated interiors in a residential income property package.
Property Size2,432 SF
Price / SF$152.14
Days on Market89
Property Features for 1051 1051-1053 Desoto Rd
General Information
Standard status
Active
Size
2,432 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Gross Income
$54,000
Multifamily Units
4
Amenities
solar energy service
private rear space
Building Details
Year Built
1942
Buildings
2
Construction
brick
Listing Agency:
Homecoin.com
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Source:
Hargreaveshomesales
Added: Jul 20
Changed: Oct 6
Last Checked: Oct 7 at 3:03PM
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 Homecoin.com
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Investment Insights
Based on property information with market context.
This four-unit residential income property package comprises two adjoining brick duplexes at 1051 and 1053 Desoto Rd, totaling 2,432 square feet. The buildings include updated flooring, interior paint, and bathroom fixtures, along with serviced HVAC systems. Each property offers private rear space, and the portfolio is being sold as-is. Lead Risk Reduction Certificates are available.
The properties occupy the corner of Cowan Rd and Desoto Rd, with access from Desoto Rd off Wilkens Avenue. The surrounding transportation network includes I-95, I-295, MARC access, and nearby commuter routes. Ascension Saint Agnes Hospital is also located nearby. Gas and electric service are separately metered, with public water and sewer serving the properties. Solar energy service is provided through Sunrun.
The properties occupy the corner of Cowan Rd and Desoto Rd, with access from Desoto Rd off Wilkens Avenue. The surrounding transportation network includes I-95, I-295, MARC access, and nearby commuter routes. Ascension Saint Agnes Hospital is also located nearby. Gas and electric service are separately metered, with public water and sewer serving the properties. Solar energy service is provided through Sunrun.
Key Highlights
- Four‑unit package includes two side‑by‑side brick duplexes
- 1051 and 1053 Desoto Rd, Baltimore, MD 21223
- 2,432 square feet across the portfolio
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.
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Property Analytics
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Current Use
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?
Quadplex - Two adjoining duplexes provide separately metered utilities, private rear space, and updated interiors in a residential income property package.
Where is this quadplex located?
The property is located at 1051 1051-1053 Desoto Rd 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‑unit package includes two side‑by‑side brick duplexes; 1051 and 1053 Desoto Rd, Baltimore, MD 21223; 2,432 square feet across the portfolio
