Updated Tenant-Occupied
New
For Sale
$360,000
1646 E PRATT Street, Baltimore, MD 21231
MULTI_FAMILY - Colonial - BALTIMORE, MD
Property Size2,295 SF
Lot Size0.03 Acres
Price / SF$156.86
Days on Market5
Property Features for 1646 E PRATT Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Subdivision
FELLS POINT HISTORIC DISTRICT
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Size
2,295 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
4040
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
in-unit washer and dryer
Building Details
Year built
1920
Number of units
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
ExecuHome Realty
(443) 757-3400
Listed By:
Marc C Robinson · License #589574
(443) 386-6223
Added: Jul 28
Last Checked: Aug 1 at 6:06AM
MLS# MDBA2225504
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.
Investment Insights
Based on property information with market context.
This tenant-occupied duplex offers two updated residential units. Unit 1 is configured with 1 bedroom and 1 full bath, and Unit 2 offers 2 bedrooms and 1 full bath. Both units include in-unit washers and dryers.
The property is located in Baltimore City near restaurants, shopping, public transportation, and major commuter routes. Johns Hopkins is also listed as nearby.
With two separate units and updated interiors, the duplex provides an income-producing residential setup suitable for an investor or an owner occupant seeking rental offset.
The property is located in Baltimore City near restaurants, shopping, public transportation, and major commuter routes. Johns Hopkins is also listed as nearby.
With two separate units and updated interiors, the duplex provides an income-producing residential setup suitable for an investor or an owner occupant seeking rental offset.
Key Highlights
- Updated, tenant‑occupied duplex in Baltimore City
- Unit 1: 1 bed and 1 full bath, with in‑unit washer and dryer
- Unit 2: 2 beds and 1 full bath, with in‑unit washer and dryer
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 | $57.8k | $25.20 |
| − Vacancy | −$3.5k | −$1.51 |
| EGI | $54.4k | $23.69 |
| − OpEx | −$24.5k | −$10.66 |
| NOI | $29.9k | $13.03 |
2,295 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$481.5K
$421.3K – $561.7K
NOI $33,703 @ 7.0% cap · market cap 9.36%
Second Best
Apartment 5plus
$427.1K
$373.8K – $498.3K
NOI $29,900 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$549.8K
$481.1K – $641.5K
NOI $38,487 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,869
Businesses Nearby
Explore this area
Business Placement
Demographics for 21231, MD
17,062
Population
9,342
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
18,958
Density / Sq Mi
$85,382
Median Household Income
$67,289
Median Earnings
$1,710
Median Rent
$336,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex in Baltimore City with two rental units, each featuring in-unit washers and dryers.
Where is this duplex located?
The property is located at 1646 E PRATT Street Baltimore, MD.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Updated, tenant‑occupied duplex in Baltimore City; Unit 1: 1 bed and 1 full bath, with in‑unit washer and dryer; Unit 2: 2 beds and 1 full bath, with in‑unit washer and dryer
