Renovated 2-Unit
For Sale
$349,000
141 S Augusta Ave, Baltimore, MD 21229
Updated duplex with flexible two-unit living and rental configuration in Baltimore.
Property Size2,350 SF
Price / SF$148.51
Days on Market52
Property Features for 141 S Augusta Ave
General Information
Standard status
Active
Size
2,350 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Amenities
washer/dryer hookups
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Fairfax Realty Elite
Listed By:
Keith Nowlin Sr. · License #648718
(240) 460-7325
Source:
Theatwoodteam
Added: Aug 15
Changed: Sep 14
Last Checked: Oct 4 at 11:50AM
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 Fairfax Realty Elite
Investment Insights
Based on property information with market context.
Located at 141 S Augusta Ave in Baltimore, this renovated duplex contains two separate apartments totaling 2,350 square feet. The first-floor unit includes 1 bedroom, 1 full bathroom, and a bonus room. Upstairs, the second apartment offers 3 bedrooms and 2 full bathrooms, with exposed brick in the primary bedroom adding a distinctive interior feature.
Recent improvements include new HVAC systems, hot water heaters, energy-efficient windows, kitchen appliances, refrigerators, dishwashers, sinks, toilets, interior doors, laminate flooring, and fresh paint. Each unit also has washer and dryer hookups. A full basement is included and may offer the possibility of future finishing or excavation, subject to buyer verification of zoning and permitting requirements.
Recent improvements include new HVAC systems, hot water heaters, energy-efficient windows, kitchen appliances, refrigerators, dishwashers, sinks, toilets, interior doors, laminate flooring, and fresh paint. Each unit also has washer and dryer hookups. A full basement is included and may offer the possibility of future finishing or excavation, subject to buyer verification of zoning and permitting requirements.
Key Highlights
- Two‑unit duplex with 2,350 square feet
- First‑floor unit includes 1 bedroom, 1 full bathroom, and a bonus room
- Second‑floor apartment has 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,617
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,340
$612.3K
Cap Rate 7%
$437,386
$437.4K
Cap Rate 9%
$340,189
$340.2K
Market Conditions
NOI Build-Up for 2,350 SF
Gross rent
$59.2K $25.20/SF
− Vacancy
−$3.6K −$1.51/SF
EGI
$55.7K $23.69/SF
− OpEx
−$25.1K −$10.66/SF
NOI
$30.6K $13.03/SF
Area
ZIP 21229
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,340
Cap Rate 7%
$437,386
Cap Rate 9%
$340,189
Alternative Uses
Best Use
Multifamily LT 5
$474.6K
$415.3K – $553.7K
NOI $33,222 @ 7.0% cap · market cap 9.52%
Second Best
Apartment 5plus
$437.4K
$382.7K – $510.3K
NOI $30,617 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$560.3K
$490.2K – $653.6K
NOI $39,218 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 21229, MD
43,464
Population
20,653
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
89%
High-School Grad
5.9 sq mi
ZIP Area
7,367
Density / Sq Mi
$55,457
Median Household Income
$40,627
Median Earnings
$1,210
Median Rent
$184,900
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 - Updated duplex with flexible two-unit living and rental configuration in Baltimore.
Where is this duplex located?
The property is located at 141 S Augusta Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,350 square feet; First‑floor unit includes 1 bedroom, 1 full bathroom, and a bonus room; Second‑floor apartment has 3 bedrooms and 2 full bathrooms
