Duplex with Two
New
For Sale
$400,000
1607 POTOMAC AVENUE, Baltimore, MD 21227
Two separate residences each include a kitchen and laundry facilities.
Property Size2,790 SF
Price / SF$143.37
Days on Market7
Property Features for 1607 POTOMAC AVENUE
General Information
Standard status
Active
Size
2,790 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
separate laundry facilities
fenced yard
basement storage
Building Details
Year Built
1915
Buildings
1
Listing Agency:
The KW Collective
(443) 574-1600
Listed By:
Jessica Sauls · License #613204
(443) 983-0402
Source:
Cummingsrealtors
Added: Oct 23
Changed: Oct 29
Last Checked: Oct 28 at 8:31AM
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 The KW Collective
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Investment Insights
Based on property information with market context.
Built in 1915, this duplex contains two apartment-style residences with 2,790 square feet of combined living space. The main-level unit measures approximately 1,250 square feet and has three bedrooms, two full bathrooms, a kitchen, and in-unit laundry. The upper residence spans the second and third floors, with approximately 1,540 square feet, three bedrooms, one full bathroom, a kitchen, and laundry space. Its layout also includes a living and dining area, a den, and storage. Basement storage and utility space adds to the building’s functional areas.
The property at 1607 Potomac Avenue in Baltimore includes a fenced yard, mature trees, and an exterior staircase serving the upper residence.
The property at 1607 Potomac Avenue in Baltimore includes a fenced yard, mature trees, and an exterior staircase serving the upper residence.
Key Highlights
- Two apartment‑style residences with 2,790 square feet of combined living space
- Main‑level unit: approximately 1,250 square feet, three bedrooms, and two full bathrooms
- Upper residence: approximately 1,540 square feet across the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,349
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,980
$727.0K
Cap Rate 7%
$519,271
$519.3K
Cap Rate 9%
$403,878
$403.9K
Market Conditions
NOI Build-Up for 2,790 SF
Gross rent
$70.3K $25.20/SF
− Vacancy
−$4.2K −$1.51/SF
EGI
$66.1K $23.69/SF
− OpEx
−$29.7K −$10.66/SF
NOI
$36.3K $13.03/SF
Area
Baltimore, MD
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%
$726,980
Cap Rate 7%
$519,271
Cap Rate 9%
$403,878
Alternative Uses
Best Use
Multifamily LT 5
$585.3K
$512.2K – $682.9K
NOI $40,972 @ 7.0% cap · market cap 10.24%
Second Best
Apartment 5plus
$519.3K
$454.4K – $605.8K
NOI $36,349 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$668.4K
$584.9K – $779.8K
NOI $46,788 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 21227, MD
35,837
Population
14,260
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
85%
High-School Grad
11.3 sq mi
ZIP Area
3,171
Density / Sq Mi
$83,620
Median Household Income
$52,643
Median Earnings
$1,347
Median Rent
$272,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each include a kitchen and laundry facilities.
Where is this duplex located?
The property is located at 1607 POTOMAC AVENUE Baltimore, MD.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two apartment‑style residences with 2,790 square feet of combined living space; Main‑level unit: approximately 1,250 square feet, three bedrooms, and two full bathrooms; Upper residence: approximately 1,540 square feet across the second and third floors
