Cape Cod Duplex with Detached
For Sale
$335,900
Pending
1524 Orlando Road, Baltimore, MD 21234
Cape Cod duplex offers two separate apartments with individual utility meters, plus a detached two-car garage.
Property Size1,540 SF
Days on Market73
Property Features for 1524 Orlando Road
General Information
Standard status
Pending
Size
1,540 SF
Total Parking Spaces
2
Property subtype
Residential / Fee Simple
Zoning
DR5.5
Taxes and HOA fees
Annual Taxes
$2,826
Amenities
Yes
Refrigerator, Oven/Range - Gas, Dryer, Washer
Basement
1
2nd Kitchen, Built-Ins, Ceiling Fan(s), Chair Railings, Crown Moldings, Dining Area, Entry Level Bedroom, Floor Plan - Traditional, Kitchen - Eat-In, Wood Floors
No Pool
Building Details
Year Built
1953
Stories
2
Construction
Cape Cod
Listing Agency:
Long & Foster Real Estate, Inc.
(410) 984-2854
Listed By:
Cookie Stone · License #31613
(410) 984-2854
Source:
Compass
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 7 at 8:20AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This well-maintained Cape Cod includes gleaming hardwood floors and an open floor plan. The home is currently configured as two separate apartments with individual utility meters. On the main level, there is a spacious living room, formal dining room, eat-in kitchen, one bedroom, and a full bath. The upper level features a versatile layout with the potential for three bedrooms, or two bedrooms and an additional living area, along with a complete kitchen and a full bath. An unfinished lower level provides abundant storage and includes two washers and two dryers for added convenience.
The property is located in Baltimore County on a quiet cul-de-sac, with the home situated outside city limits. The listing is within the Baltimore County Public Schools district.
A detached two-car garage supports convenient off-street parking, complementing the dual-apartment configuration throughout the residence.
The property is located in Baltimore County on a quiet cul-de-sac, with the home situated outside city limits. The listing is within the Baltimore County Public Schools district.
A detached two-car garage supports convenient off-street parking, complementing the dual-apartment configuration throughout the residence.
Key Highlights
- Cape Cod duplex configured as two separate apartments with individual utility meters
- Open floor plan with hardwood/wood floors and 1 fireplace
- Main level layout: spacious living room, formal dining room, eat‑in kitchen, 1 bedroom, and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,615
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$452,300
$452.3K
Cap Rate 7%
$323,071
$323.1K
Cap Rate 9%
$251,278
$251.3K
Market Conditions
NOI Build-Up for 1,540 SF
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.
Gross rent
$34.2K $22.20/SF
− Vacancy
−$1.9K −$1.22/SF
EGI
$32.3K $20.98/SF
− OpEx
−$9.7K −$6.29/SF
NOI
$22.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$452,300
Cap Rate 7%
$323,071
Cap Rate 9%
$251,278
Alternative Uses
Best Use
Multifamily LT 5
$323.1K
$282.7K – $376.9K
NOI $22,615 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$286.6K
$250.8K – $334.4K
NOI $20,064 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$368.9K
$322.8K – $430.4K
NOI $25,826 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Explore this area
Business Placement
Demographics for 21234, MD
67,308
Population
29,575
Households
2.3
Avg Household Size
40
Median Age
36%
College-Educated
93%
High-School Grad
13.4 sq mi
ZIP Area
5,023
Density / Sq Mi
$83,139
Median Household Income
$52,260
Median Earnings
$1,542
Median Rent
$276,000
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 - Cape Cod duplex offers two separate apartments with individual utility meters, plus a detached two-car garage.
Where is this duplex located?
The property is located at 1524 Orlando Road Baltimore, MD.
What is the asking price?
The asking price for this property is $335,900.
What are key features of this property?
This property features: Cape Cod duplex configured as two separate apartments with individual utility meters; Open floor plan with hardwood/wood floors and 1 fireplace; Main level layout: spacious living room, formal dining room, eat‑in kitchen, 1 bedroom, and 1 full bath
