Two-Unit Duplex with Separate
For Sale
$599,000
1215 JOHN STREET, Baltimore, MD 21217
Two-unit duplex in Bolton Hill with separately metered gas/electric service and dedicated HVAC systems for each apartment.
Days on Market31
Property Features for 1215 JOHN STREET
General Information
Standard status
Active
Property subtype
Duplex
Occupancy
100%
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Gross Income
$53,988
Amenities
laundry in basement
Building Details
Building Size
2,760 SF
Year Built
1850
Year Renovated
2018
Buildings
1
Tenancy
Multi
Listing Agency:
Ben Frederick Realty, Inc.
(410) 916-3331
Listed By:
Will A Cannon III · License #657102
(410) 916-3331
Source:
Thehulsmangroup
Added: Jul 2
Changed: Jul 30
Last Checked: Aug 1 at 11:16AM
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 Ben Frederick Realty, Inc.
Investment Insights
Based on property information with market context.
1215 John Street is a well-laid-out two-unit duplex in Bolton Hill with an upper three-bedroom, two-bath apartment and a first-floor one-bedroom, one-bath apartment. The upper unit spans two levels and includes defined living and dining spaces, a kitchen with granite countertops and wood shaker cabinetry, and a front-facing reading nook overlooking John Street. The first-floor apartment features similar kitchen finishes and exposed brick in the living space. Both units include vinyl plank flooring in the living areas and kitchens.
Each apartment is separately metered for gas and electric and served by its own HVAC system. Laundry is located in the basement with one washer and dryer set allocated to each unit, tied to the tenant’s electric meter. The property received recent improvements, including updated electric service, roof, and interior finishes in 2018, plus newer water heaters in 2025 and 2026.
Set on a quiet, non-through street in the southeast corner of Bolton Hill, the property is served by strong transit access with a Walk Score of 92 and a Transit Score of 95, including easy access to Penn Station, Light Rail, Metro, and the JHU Shuttle. The lease for the first-floor unit expires March 31, 2027, and the lease for the upper unit expires August 6, 2027. Built in 1850, this is a distinct rental configuration with an income-producing structure for a long-term hold.
Each apartment is separately metered for gas and electric and served by its own HVAC system. Laundry is located in the basement with one washer and dryer set allocated to each unit, tied to the tenant’s electric meter. The property received recent improvements, including updated electric service, roof, and interior finishes in 2018, plus newer water heaters in 2025 and 2026.
Set on a quiet, non-through street in the southeast corner of Bolton Hill, the property is served by strong transit access with a Walk Score of 92 and a Transit Score of 95, including easy access to Penn Station, Light Rail, Metro, and the JHU Shuttle. The lease for the first-floor unit expires March 31, 2027, and the lease for the upper unit expires August 6, 2027. Built in 1850, this is a distinct rental configuration with an income-producing structure for a long-term hold.
Key Highlights
- Upper three‑bedroom, two‑bath plus first‑floor one‑bedroom, one‑bath duplex layout
- Separately metered gas and electric with each unit served by its own HVAC
- Basement laundry with one washer and dryer set allocated to each unit
Financial Insights For Multifamily LT 5
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 | $22.20 |
| − Vacancy | −$3.4k | −$1.22 |
| EGI | $57.9k | $20.98 |
| − OpEx | −$17.4k | −$6.29 |
| NOI | $40.5k | $14.69 |
2,760 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$579.0K
$506.6K – $675.5K
NOI $40,531 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$513.7K
$449.5K – $599.3K
NOI $35,958 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$661.2K
$578.6K – $771.4K
NOI $46,285 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 21217, MD
30,448
Population
20,064
Households
1.5
Avg Household Size
38
Median Age
22%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
14,499
Density / Sq Mi
$37,207
Median Household Income
$40,668
Median Earnings
$1,065
Median Rent
$175,900
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 - Two-unit duplex in Bolton Hill with separately metered gas/electric service and dedicated HVAC systems for each apartment.
Where is this duplex located?
The property is located at 1215 JOHN STREET 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: Upper three‑bedroom, two‑bath plus first‑floor one‑bedroom, one‑bath duplex layout; Separately metered gas and electric with each unit served by its own HVAC; Basement laundry with one washer and dryer set allocated to each unit
