Renovated Two-Unit Residential
141 South Augusta Avenue Baltimore, MD 21229
141 South Augusta Avenue, Baltimore, MD, 21229
$349,000
For Sale
$349,000
Completely renovated 2-unit building with HVAC, updated kitchens and baths, and washer/dryer hookups in each unit.
Property Size2,350 SF
Price / SF$148.51
Days on Market17
Property Features for 141 South Augusta Avenue
General Information
- Standard status
- Active
- Size
- 2,350 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Fairfax Realty Elite
(240) 460-7325
Listed by
Keith Nowlin Sr. · License #648718
(240) 460-7325
Source
Compass
Added: Jul 6 Updated: Jul 21 at 4:55PM Checked: Jul 21 at 4:55PM
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.
This completely renovated two-unit residential property is designed for flexible living and rental income. The first-floor unit features one bedroom, one full bathroom, and an additional bonus room, while the second-floor unit offers three bedrooms and two full bathrooms, including a primary bedroom with exposed brick. Updates throughout include new HVAC systems, new hot water heaters, energy-efficient windows, new kitchen appliances, new refrigerators and dishwashers, updated sinks and toilets, new interior doors, fresh paint, and laminate flooring. Washer and dryer hookups are provided in each unit, and the property includes a full basement with potential for future finishing, subject to buyer verification of zoning and permitting requirements.
Located in Baltimore City and outside city limits designation per the provided information, the property is within the Baltimore City Public Schools system (school district name and ID provided).
Located in Baltimore City and outside city limits designation per the provided information, the property is within the Baltimore City Public Schools system (school district name and ID provided).
Key Highlights
- Completely renovated 2‑unit property with brand‑new HVAC systems and new hot water heaters
- First‑floor unit: 1 bedroom, 1 full bathroom plus a bonus room (home office, nursery, walk‑in closet, or gym)
- Second‑floor unit: 3 bedrooms and 2 full bathrooms, including a primary bedroom with exposed brick
Local Financial Insights For Apartment 5plus
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 | $59.2k | $25.20 |
| − Vacancy | −$3.6k | −$1.51 |
| EGI | $55.7k | $23.69 |
| − OpEx | −$25.1k | −$10.66 |
| NOI | $30.6k | $13.03 |
2,350 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Completely renovated 2-unit building with HVAC, updated kitchens and baths, and washer/dryer hookups in each unit.
Where is this duplex located?
The property is located at 141 South Augusta Avenue 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: Completely renovated 2‑unit property with brand‑new HVAC systems and new hot water heaters; First‑floor unit: 1 bedroom, 1 full bathroom plus a bonus room (home office, nursery, walk‑in closet, or gym); Second‑floor unit: 3 bedrooms and 2 full bathrooms, including a primary bedroom with exposed brick
