Rebuilt End-Unit
For Sale
$539,900
1812 GUILFORD Avenue, Baltimore, MD 21202
Multi-Family, BALTIMORE, MD
Property Size3,060 SF
Lot Size0.04 Acres
Price / SF$176.44
Days on Market156
Property Features for 1812 GUILFORD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street, Driveway
Interior features
2nd Kitchen
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
3,060 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
11406
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Amenities
rear deck
off-street parking
laundry areas
Building Details
Year built
1890
Number of units
1
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Real Estate Teams, LLC
(301) 695-3020
Listed By:
Khai C Pau · License #581400
(240) 409-0660
Added: May 17
Changed: Oct 19
Last Checked: Oct 19 at 8:06PM
MLS# MDBA2215486
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 Colonial brick duplex is an end-of-group townhome originally built in 1890 and completely rebuilt approximately 10 years ago. The property contains 3,060 square feet across four finished levels, with an upper unit offering five bedrooms and two bathrooms and a lower unit with four bedrooms and two bathrooms. Interior features include hardwood floors, high ceilings, wide hallways, expansive rooms, newer kitchens and bathrooms, and a second kitchen. A fully finished walk-out basement has a 7'6" ceiling height, while the rear includes a deck and off-street parking. Structural and mechanical work included underpinning, excavation, a rebuilt rear exterior wall, new joists and subfloors, and new framing and mechanical systems. Sixteen additional side-facing windows bring added natural light to the end-unit layout.
The property is leased to a senior care business, with the commercial tenant responsible for repairs and maintenance under the lease terms. It is located in Baltimore's Greenmount West / Station North Arts District, near Penn Station, MICA, the University of Baltimore, Mount Vernon, and the Charles Theatre.
The property is leased to a senior care business, with the commercial tenant responsible for repairs and maintenance under the lease terms. It is located in Baltimore's Greenmount West / Station North Arts District, near Penn Station, MICA, the University of Baltimore, Mount Vernon, and the Charles Theatre.
Key Highlights
- Two‑unit layout with 5‑bedroom upper and 4‑bedroom lower units
- 3,060 square feet across 4 finished levels
- Completely rebuilt approximately 10 years ago with new framing and mechanical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,937
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,740
$898.7K
Cap Rate 7%
$641,957
$642.0K
Cap Rate 9%
$499,300
$499.3K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$67.9K $22.20/SF
− Vacancy
−$3.7K −$1.22/SF
EGI
$64.2K $20.98/SF
− OpEx
−$19.3K −$6.29/SF
NOI
$44.9K $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%
$898,740
Cap Rate 7%
$641,957
Cap Rate 9%
$499,300
Alternative Uses
Best Use
Multifamily LT 5
$642.0K
$561.7K – $749.0K
NOI $44,937 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$569.5K
$498.3K – $664.5K
NOI $39,867 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$733.1K
$641.5K – $855.3K
NOI $51,316 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,378
Businesses Nearby
Explore this area
Business Placement
Demographics for 21202, MD
22,247
Population
12,731
Households
1.7
Avg Household Size
33
Median Age
48%
College-Educated
86%
High-School Grad
1.6 sq mi
ZIP Area
13,904
Density / Sq Mi
$61,578
Median Household Income
$53,609
Median Earnings
$1,497
Median Rent
$307,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Four finished levels include updated kitchens, bathrooms, spacious laundry areas, and a walk-out basement.
Where is this duplex located?
The property is located at 1812 GUILFORD Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Two‑unit layout with 5‑bedroom upper and 4‑bedroom lower units; 3,060 square feet across 4 finished levels; Completely rebuilt approximately 10 years ago with new framing and mechanical systems
