Baltimore Duplex: Urban Living,
For Sale
$229,900
1402 CARROLL Street, Baltimore, MD 21230
MULTI_FAMILY - Federal - BALTIMORE, MD
Property Size1,104 SF
Price / SF$208.24
Days on Market360
Property Features for 1402 CARROLL Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Subdivision
WASHINGTON VILLAGE
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
1,104 SF
Taxes and HOA fees
Tax Annual Amount
2756
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1875
Number of units
2
Building materials
Brick
Architectural style
Federal
Listing Agency:
ExecuHome Realty
(443) 632-3000
Listed By:
Keiry Martinez · License #665028
(443) 226-9097
Added: Aug 7, 2025
Changed: Jul 23
Last Checked: Aug 1 at 2:06PM
MLS# MDBA2178954
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.
Located in Baltimore, MD, this duplex at 1402 Carroll St offers urban living and investment potential. The property is licensed, lead-free, and inspected. Unit 1 is a spacious lofted upper level with 2 bedrooms and 1 bathroom. It features a Calacatta quartz kitchen with stainless steel appliances, modern designs including exposed spiral ducts, and a glass shower bathroom. Unit 2 is a 1-bedroom, 1-bathroom unit rented to a long-term tenant, providing immediate rental income. A shared, updated laundry room offers convenience. This 1,104 square foot property presents an investment opportunity in Baltimore's real estate market.
Key Highlights
- Turnkey, cash‑flowing duplex with a great, long‑term tenant already in place, providing immediate rental income.
- Property is licensed, LEAD‑FREE, and inspected, ensuring compliance and safety.
- Unit 1 features a modern, stylish 2‑bedroom loft with Calacatta quartz kitchen, stainless steel appliances, exposed spiral ducts, and glass shower bathroom.
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 |
1,104 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$231.6K
$202.7K – $270.2K
NOI $16,213 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$205.5K
$179.8K – $239.7K
NOI $14,383 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$264.5K
$231.4K – $308.6K
NOI $18,514 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,454
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Turnkey duplex in Baltimore with immediate rental income potential.
Where is this duplex located?
The property is located at 1402 CARROLL Street Baltimore, MD.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Turnkey, cash‑flowing duplex with a great, long‑term tenant already in place, providing immediate rental income.; Property is licensed, LEAD‑FREE, and inspected, ensuring compliance and safety.; Unit 1 features a modern, stylish 2‑bedroom loft with Calacatta quartz kitchen, stainless steel appliances, exposed spiral ducts, and glass shower bathroom.
