Duplex with Daylight
1413 Dundalk Ave, Baltimore, MD 21222
For Sale
$375,000
The two-unit property includes a second kitchen and a full daylight basement.
Property Size2,164 SF
Lot Size0.14 Acres
Price / SF$173.29
Days on Market8
Property Features for 1413 Dundalk Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Construction
Listing Agency:
Keller Williams Flagship
Listed By:
Lisa R Gilmore · License #627457
(443) 694-0223
Source:
Viewmarylandhomesforsale
Added: Oct 31
Changed: Nov 6
Last Checked: Nov 6 at 9:31AM
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 Keller Williams Flagship
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Investment Insights
Based on property information with market context.
This 2,164-square-foot duplex, built in 1938, is configured as two units and includes five bedrooms, three full bathrooms, and a second kitchen. A full daylight basement provides additional interior space, and the property’s block construction forms part of its traditional design. The listing notes that the basement has room for a potential additional unit or conversion back to a single residence.
The property occupies a 0.14-acre lot at 1413 Dundalk Avenue in Baltimore. A driveway accommodates up to six vehicles.
The property occupies a 0.14-acre lot at 1413 Dundalk Avenue in Baltimore. A driveway accommodates up to six vehicles.
Key Highlights
- Configured as two units; five bedrooms and three full bathrooms
- 2,164 square feet on a 0.14‑acre lot
- Full daylight basement with room for a potential additional unit or single‑home conversion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,779
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,580
$635.6K
Cap Rate 7%
$453,986
$454.0K
Cap Rate 9%
$353,100
$353.1K
Market Conditions
NOI Build-Up for 2,164 SF
Gross rent
$48.0K $22.20/SF
− Vacancy
−$2.6K −$1.22/SF
EGI
$45.4K $20.98/SF
− OpEx
−$13.6K −$6.29/SF
NOI
$31.8K $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%
$635,580
Cap Rate 7%
$453,986
Cap Rate 9%
$353,100
Alternative Uses
Best Use
Multifamily LT 5
$454.0K
$397.2K – $529.7K
NOI $31,779 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$402.8K
$352.4K – $469.9K
NOI $28,193 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$518.4K
$453.6K – $604.8K
NOI $36,290 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
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Business Placement
Demographics for 21222, MD
59,062
Population
24,054
Households
2.5
Avg Household Size
38
Median Age
14%
College-Educated
85%
High-School Grad
11.5 sq mi
ZIP Area
5,136
Density / Sq Mi
$61,934
Median Household Income
$41,920
Median Earnings
$1,390
Median Rent
$200,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Baltimore, MD
Properties on Market for Duplexes in Baltimore
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property includes a second kitchen and a full daylight basement.
Where is this duplex located?
The property is located at 1413 Dundalk Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Configured as two units; five bedrooms and three full bathrooms; 2,164 square feet on a 0.14‑acre lot; Full daylight basement with room for a potential additional unit or single‑home conversion
