1402 Carroll Street, Baltimore, MD 21230
Two-unit, lead-free duplex at 1402 Carroll Street, with one long-term rental and a fully updated shared laundry room.
- Added:
- Aug 7, 2025
- Days on Market:
- 336
- Last Refresh:
- Jul 8 at 2:22 am
Property Features for 1402 Carroll Street
General Information
- Standard status
- Active
- Size
- 1,104 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1875
Listing office EXP Realty, LLC (856) 222-0077
Listing date Aug 7, 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
- Two‑unit duplex at 1402 Carroll St, Baltimore, MD, with one 2BD/1BA unit and one 1BD/1BA unit
- Licensed and LEAD‑FREE with inspections reported in the remarks
- Shared laundry room has been fully updated
- Central air and natural gas heating; hot water provided by natural gas
- Brick/mortar foundation on a crawl space
- Public water service; on‑street parking
Overview
The property is presented as already licensed, LEAD-FREE, and inspected. Located at 1402 Carroll Street in Baltimore, the building is set up for an owner seeking straightforward occupancy with both units in place.
For tenants, this arrangement can support multi-generational living or an owner-occupant setup, with one unit available while the other remains under long-term tenancy. For investors, the existing licensed status and the presence of a long-term tenant in Unit 2 are practical factors when considering a duplex purchase. The updated shared laundry room adds daily convenience for both residents.
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 | $24.5k | $22.20 |
| − Vacancy | −$1.3k | −$1.22 |
| EGI | $23.2k | $20.98 |
| − OpEx | −$6.9k | −$6.29 |
| NOI | $16.2k | $14.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.6361098
- Latitude
- 39.2786536
