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    Two-Unit Duplex with Separate Meters Title is generated by Realmo AI

    4204 Kenwood Avenue, Baltimore, MD 21206

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    Claim this Listing
    For Sale
    $270,000

    Well maintained duplex offers updated interiors, a covered porch, and separate meters for flexible occupancy.

    Type:Multi-Family
    Property size:
    1,504 SF
    Price / SF:
    $179/SF
    Added:
    Apr 3, 2025
    Days on Market:
    460
    Last Refresh:
    Jul 6 at 1:58 am

    Property Features for 4204 Kenwood Avenue

    General Information

    Standard status
    Active
    Size
    1,504 SF
    Property subtype
    Multi-Family

    Building Details

    Year Built
    1925

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    Tyler Mecca
    Tyler Mecca

    Listing office EXP Realty, LLC

    Listing date Apr 3, 2025

    Source Thetristaterealestategroup

    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 EXP Realty, LLC

    HighLights

    • Well maintained 2‑apartment home built in 1925 with potential to convert back to a single‑family residence
    • Separate meters for the 1st and 2nd floor units
    • 2nd‑floor unit includes 1 bedroom, large closets, full kitchen and bath, plus covered storage
    • Updates include new tub enclosure and floor in the bath, new kitchen floor, and new living room flooring
    • 1st‑floor features new floors and new carpet, French doors between living room and dining room, foyer, and large closets
    • Public water, natural gas hot water and heating; stone foundation; driveway parking; 0.12‑acre lot

    Overview

    This well maintained two-unit duplex is currently configured as a large two-apartment home and can be converted back to a single-family residence. The second floor features a one-bedroom layout with large closets, a full kitchen and full bath, along with recent updates including a new tub enclosure and bath floor, new kitchen floor, new living room floor, and a large storage room. The first floor includes new floors and new carpet, large closets in every room (including some walk-in closets), French doors between the living room and dining room, a foyer, and a full unfinished lower level for additional storage or future buildout. Exteriors include a covered front porch, a side entrance, and a driveway.

    The property has separate meters and is described as zoned, supporting independent utilities for each unit. The layout also includes a side entrance that can support day-to-day access with minimal disruption between levels.

    For buyers seeking flexible living arrangements, the current duplex setup allows an owner-occupant to reside in one portion while renting the other. Updates to both the second-floor kitchen and bath and the first-floor finishes help reduce near-term turnover needs, while the unfinished lower level provides practical space for storage or customization based on tenant or owner requirements.

    Local 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 $33.4k $22.20
    − Vacancy −$1.7k −$1.15
    EGI $31.7k $21.05
    − OpEx −$9.5k −$6.31
    NOI $22.2k $14.73
    1,504 SF · lease $22.20/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $316.5K
    $277.0K – $369.3K (±1% cap)
    NOI $22,157 @ 7.0% cap · market cap 8.21%
    Second Best
    Apartment 5plus
    $282.9K
    $247.5K – $330.1K (±1% cap)
    NOI $19,803 @ 7.0% cap · market cap 7.33%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Dental Office Spa & Massage Center Restaurant Gym & Fitness Center Building Supply Kitchen & Bath Showroom Accounting Firm Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.5307283
    Latitude
    39.353951

    FAQs

    What type of property is this?
    Duplex - Well maintained duplex offers updated interiors, a covered porch, and separate meters for flexible occupancy.
    Where is this duplex located?
    The property is located at 4204 Kenwood Avenue Baltimore, MD.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: Well maintained 2‑apartment home built in 1925 with potential to convert back to a single‑family residence; Separate meters for the 1st and 2nd floor units; 2nd‑floor unit includes 1 bedroom, large closets, full kitchen and bath, plus covered storage
    More about this property
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