Renovated Two-Unit
New
For Sale
$599,000
1112 GUILFORD AVENUE, Baltimore, MD 21202
Both apartments feature upgraded kitchens, hardwood flooring, and large windows.
Property Size2,069 SF
Days on Market7
Property Features for 1112 GUILFORD AVENUE
General Information
Standard status
Active
Size
2,069 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,779
Building Details
Building Size
2,069 SF
Year Built
1900
Year Renovated
2026
Buildings
1
Construction
brick
Listing Agency:
Smart Realty, LLC
Listed By:
Leif Eric Colon · License #677944
(571) 839-4455
Source:
Thehulsmangroup
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 15 at 5:17AM
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 Smart Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1900 and renovated in 2026, this brick duplex contains two updated apartments. Each unit has hardwood floors, large windows, and an upgraded kitchen with premium appliances. The interiors combine contemporary finishes with the building’s original architectural character.
The property is in the Mount Vernon Place Historic District, near cultural attractions, restaurants, shopping, and neighborhood amenities.
The property is in the Mount Vernon Place Historic District, near cultural attractions, restaurants, shopping, and neighborhood amenities.
Key Highlights
- Two renovated apartments in a duplex
- Built in 1900 and renovated in 2026
- Each unit includes an upgraded kitchen with premium appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,384
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,680
$607.7K
Cap Rate 7%
$434,057
$434.1K
Cap Rate 9%
$337,600
$337.6K
Market Conditions
NOI Build-Up for 2,069 SF
Gross rent
$45.9K $22.20/SF
− Vacancy
−$2.5K −$1.22/SF
EGI
$43.4K $20.98/SF
− OpEx
−$13.0K −$6.29/SF
NOI
$30.4K $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%
$607,680
Cap Rate 7%
$434,057
Cap Rate 9%
$337,600
Alternative Uses
Best Use
Multifamily LT 5
$434.1K
$379.8K – $506.4K
NOI $30,384 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$385.1K
$337.0K – $449.3K
NOI $26,956 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$495.7K
$433.7K – $578.3K
NOI $34,697 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
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 - Both apartments feature upgraded kitchens, hardwood flooring, and large windows.
Where is this duplex located?
The property is located at 1112 GUILFORD AVENUE Baltimore, MD.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two renovated apartments in a duplex; Built in 1900 and renovated in 2026; Each unit includes an upgraded kitchen with premium appliances
