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End-Unit Duplex with Parking
For Sale
$475,000

1300 WILLIAM STREET, Baltimore, MD 21230

Two separate apartments each have a full kitchen, with independent meters and water heaters.

Property Size2,028 SF
Days on Market17

Property Features for 1300 WILLIAM STREET

General Information

Standard status Active
Size 2,028 SF
Total Parking Spaces 3
Property subtype Duplex

Additional Details

Utilities to Site Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $8,956

Building Details

Building Size 2,028 SF
Year Built 1880
Listing Agency: Monument Sotheby's International Realty
Listed By: Chevelle M Welsh · License #624419
Source: Thehulsmangroup
Added: Sep 25 Changed: Oct 8 Last Checked: Oct 10 at 12:55AM

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 Monument Sotheby's International Realty

Investment Insights

Based on property information with market context.

Built in 1880, this 2,028-square-foot end-unit duplex contains two apartments, each with a full kitchen. Separate meters and two water heaters serve the property, and the appliances are included. The first-floor apartment may be sold furnished for Airbnb use. The seller prefers an as-is sale.

Three private off-street parking spaces are located behind the house, with access from the rear. The property is at 1300 William Street in Federal Hill, with walkable access to neighborhood restaurants, bars, shops, parks, the Inner Harbor, and Baltimore’s stadiums.

The two-unit configuration accommodates separate living arrangements, including an owner-occupant using one apartment and renting the other.

Key Highlights

  • Two apartments, each with a full kitchen
  • 2,028 square feet; built in 1880
  • Three private off‑street parking spaces behind the house

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$29,782
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,640 $595.6K
Cap Rate 7%
$425,457 $425.5K
Cap Rate 9%
$330,911 $330.9K
Market Conditions
NOI Build-Up for 2,028 SF
Gross rent
$45.0K $22.20/SF
− Vacancy
−$2.5K −$1.22/SF
EGI
$42.5K $20.98/SF
− OpEx
−$12.8K −$6.29/SF
NOI
$29.8K $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%
$595,640
Cap Rate 7%
$425,457
Cap Rate 9%
$330,911

Alternative Uses

Best Use
Multifamily LT 5
$425.5K
$372.3K – $496.4K (±1% cap)
NOI $29,782 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$377.5K
$330.3K – $440.4K (±1% cap)
NOI $26,422 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$485.9K
$425.1K – $566.8K (±1% cap)
NOI $34,010 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Butcher Supermarket Kitchen & Bath Showroom Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,957
Businesses Nearby

Demographics for 21230, MD

36,660
Population
18,070
Households
2
Avg Household Size
33
Median Age
59%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
5,819
Density / Sq Mi
$94,164
Median Household Income
$69,973
Median Earnings
$1,771
Median Rent
$327,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate apartments each have a full kitchen, with independent meters and water heaters.
Where is this duplex located?
The property is located at 1300 WILLIAM STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two apartments, each with a full kitchen; 2,028 square feet; built in 1880; Three private off‑street parking spaces behind the house
More about this property
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