2-Unit Duplex with Updated
For Sale
Under Contract
$210,000
1420 N LUZERNE, Baltimore, MD 21213
Multi-Family, BALTIMORE, MD
Property Size1,300 SF
Price / SF$161.54
Days on Market56
Property Features for 1420 N LUZERNE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active Under Contract
Size
1,300 SF
Taxes and HOA fees
Tax Annual Amount
4248
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1900
Number of units
1
Building materials
Brick Front
Listing Agency:
KW Metro Center · Keller Williams Realty
(703) 224-6000
Listed By:
Danielle Bowie · License #678286
(301) 873-4307
Added: Aug 29
Changed: Oct 21
Last Checked: Oct 23 at 2:06AM
MLS# MDBA2229622
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.
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Investment Insights
Based on property information with market context.
This 1,300-square-foot duplex contains two units, each with two bedrooms and one bathroom. Built in 1900, the brick-front property has a basement, central heating and central air conditioning. Recent interior work includes new flooring, fresh paint and updated appliances in both units.
The property is on N Luzerne Avenue in Baltimore, with Johns Hopkins Hospital and Medical Campus and Patterson Park among the nearby destinations. Shopping, dining, public transportation and major commuter routes are also identified in the surrounding area. Parking is available on the street.
The property is on N Luzerne Avenue in Baltimore, with Johns Hopkins Hospital and Medical Campus and Patterson Park among the nearby destinations. Shopping, dining, public transportation and major commuter routes are also identified in the surrounding area. Parking is available on the street.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,300 square feet; built in 1900
- Both units have new flooring, fresh interior paint and updated appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,091
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,820
$381.8K
Cap Rate 7%
$272,729
$272.7K
Cap Rate 9%
$212,122
$212.1K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$28.9K $22.20/SF
− Vacancy
−$1.6K −$1.22/SF
EGI
$27.3K $20.98/SF
− OpEx
−$8.2K −$6.29/SF
NOI
$19.1K $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%
$381,820
Cap Rate 7%
$272,729
Cap Rate 9%
$212,122
Alternative Uses
Best Use
Multifamily LT 5
$272.7K
$238.6K – $318.2K
NOI $19,091 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$242.0K
$211.7K – $282.3K
NOI $16,937 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$311.4K
$272.5K – $363.4K
NOI $21,801 @ 7.0% cap · market cap 10.38%
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
1,478
Businesses Nearby
Explore this area
Business Placement
Demographics for 21213, MD
28,217
Population
14,549
Households
1.9
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
8,299
Density / Sq Mi
$50,031
Median Household Income
$41,378
Median Earnings
$1,253
Median Rent
$134,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate two-bedroom homes offer distinct living spaces within one residential income property.
Where is this duplex located?
The property is located at 1420 N LUZERNE Baltimore, MD.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,300 square feet; built in 1900; Both units have new flooring, fresh interior paint and updated appliances
