Rebuilt End-Unit
For Sale
$539,900
1812 Guilford Ave, Baltimore, MD 21202
Four finished levels combine historic detailing, updated systems, two kitchen and bath areas, and flexible commercial occupancy.
Property Size3,060 SF
Price / SF$176.44
Days on Market45
Property Features for 1812 Guilford Ave
General Information
Standard status
Active
Size
3,060 SF
Property subtype
Multi-Family
Building Details
Year Built
1890
Listing Agency:
Real Estate Teams, LLC
Listed By:
Khai C Pau · License #581400
(301) 695-3020
Source:
Baltimorehousesale
Added: Aug 22
Changed: Sep 25
Last Checked: Oct 5 at 7:50PM
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 Real Estate Teams, LLC
Investment Insights
Based on property information with market context.
This 3,060-square-foot end-of-group townhome is configured as a duplex across 4 finished levels, with an upper layout offering 5 bedrooms and 2 bathrooms and a lower layout with 4 bedrooms and 2 bathrooms. The property was comprehensively rebuilt approximately 10 years ago, including the rear exterior wall, underpinning, excavation, joists, subfloors, framing, and mechanical systems. Interior features include hardwood flooring, high ceilings, oversized rooms, replicated historic trim, newer kitchens and bathrooms, spacious laundry areas, wide hallways, and 16 additional side-facing windows. A rear deck, off-street parking, and a finished walk-out basement with a 76-inch ceiling add functional space.
The building is currently leased to a senior care business, with the commercial tenant responsible for repairs and maintenance under the lease terms. R-8 zoning supports the property’s existing classification. The address is near Penn Station, MICA, the University of Baltimore, Mount Vernon, and the Charles Theatre, within the Greenmount West and Station North Arts District areas.
The building is currently leased to a senior care business, with the commercial tenant responsible for repairs and maintenance under the lease terms. R-8 zoning supports the property’s existing classification. The address is near Penn Station, MICA, the University of Baltimore, Mount Vernon, and the Charles Theatre, within the Greenmount West and Station North Arts District areas.
Key Highlights
- 3,060 SF end‑of‑group townhome configured as a duplex
- 4 finished levels with upper 5‑bedroom and lower 4‑bedroom layouts
- Comprehensively rebuilt approximately 10 years ago, including structural and mechanical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,937
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,740
$898.7K
Cap Rate 7%
$641,957
$642.0K
Cap Rate 9%
$499,300
$499.3K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$67.9K $22.20/SF
− Vacancy
−$3.7K −$1.22/SF
EGI
$64.2K $20.98/SF
− OpEx
−$19.3K −$6.29/SF
NOI
$44.9K $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%
$898,740
Cap Rate 7%
$641,957
Cap Rate 9%
$499,300
Alternative Uses
Best Use
Multifamily LT 5
$642.0K
$561.7K – $749.0K
NOI $44,937 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$569.5K
$498.3K – $664.5K
NOI $39,867 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$733.1K
$641.5K – $855.3K
NOI $51,316 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,378
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Four finished levels combine historic detailing, updated systems, two kitchen and bath areas, and flexible commercial occupancy.
Where is this duplex located?
The property is located at 1812 Guilford Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: 3,060 SF end‑of‑group townhome configured as a duplex; 4 finished levels with upper 5‑bedroom and lower 4‑bedroom layouts; Comprehensively rebuilt approximately 10 years ago, including structural and mechanical systems
