Duplex with Private
New
For Sale
$475,000
1300 WILLIAM Street, Baltimore, MD 21230
Multi-Family, BALTIMORE, MD
Property Size2,028 SF
Lot Size0.14 Acres
Price / SF$234.22
Days on Market3
Property Features for 1300 WILLIAM Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Driveway, Off Street
Interior features
2nd Kitchen, Ceiling Fan(s), Combination Kitchen/Living
Appliances
Stove, Refrigerator, Washer, Dryer, Dishwasher
Subdivision
FEDERAL HILL HISTORIC DISTRICT
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Size
2,028 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
8956
Utilities
Heating system
Forced Air
Cooling system
Ductless, Ceiling Fan(s), Window Unit(s)
Building Details
Year built
1880
Number of units
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Monument Sotheby's International Realty
(410) 525-5435
Listed By:
Chevelle M Welsh · License #624419
(410) 967-9498
Added: Sep 25
Last Checked: Sep 27 at 12:06PM
MLS# MDBA2232650
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1880 brick duplex has two apartments within 2,028 square feet on a 0.14-acre lot. Each unit includes a full kitchen. The property also has separate meters, two water heaters, and a basement. Included appliances are a stove, refrigerator, washer, dryer, and dishwasher; heating is forced air, with ductless and window-unit cooling and ceiling fans. A private parking area behind the house accommodates three cars.
The home is in Baltimore’s Federal Hill neighborhood, with restaurants, bars, shops, parks, the Inner Harbor, and the city’s stadiums described as accessible on foot. The property is offered for sale, with the seller preferring an as-is sale.
The home is in Baltimore’s Federal Hill neighborhood, with restaurants, bars, shops, parks, the Inner Harbor, and the city’s stadiums described as accessible on foot. The property is offered for sale, with the seller preferring an as-is sale.
Key Highlights
- Two apartments, each with a full kitchen
- 2,028 square feet on a 0.14‑acre lot
- Three‑car off‑street parking behind the house
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,782
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $29,782 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$377.5K
$330.3K – $440.4K
NOI $26,422 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$485.9K
$425.1K – $566.8K
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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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,957
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has its own full kitchen, with separate meters serving the property.
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 on a 0.14‑acre lot; Three‑car off‑street parking behind the house
