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End-Row Quadplex with Deck

1917 Gough St, Baltimore, MD 21231

For Sale
$460,000

Occupied four-unit townhouse with finished interiors, appliance-equipped kitchens, laundry amenities, and urban views.

Property Size2,825 SF
Price / SF$162.83
Days on Market61

Property Features for 1917 Gough St

General Information

Standard status Active
Size 2,825 SF
Property subtype Commercial
Occupancy 100%

Site & Location

Neighborhood Upper Fells Point

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $9,046

Amenities

deck
laundry

Building Details

Year Built 1900
Construction townhouse
Listing Agency: CENTURY 21 ADVANCE REALTY
Listed By: PATRICK W CAMPBELL · License #607244
Source: Corcoran
Added: Sep 8 Changed: Nov 1 Last Checked: Nov 6 at 9:10AM

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 CENTURY 21 ADVANCE REALTY

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Investment Insights

Based on property information with market context.

This end-of-row townhouse is configured as a four-unit multifamily property with approximately 2,825 square feet of finished space. All four units are currently rented. The property includes four bedrooms and four full bathrooms, along with efficiency kitchens equipped with cooktops, dishwashers, microwaves, and refrigerators. Washers and dryers, hardwood flooring, ceiling fans, abundant natural light, and an entry-level bedroom add functional features across the property. A deck provides outdoor space, while city views contribute to the urban setting.

Built in 1900, the property is located at 1917 Gough St in Baltimore’s Upper Fells Point neighborhood. The surrounding area includes restaurants, shops, entertainment, and other amenities. The existing occupancy and four-unit configuration provide an established multifamily income profile.

Key Highlights

  • Four‑unit quadplex with all four units currently rented
  • Approximately 2,825 square feet of finished space
  • Built in 1900

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$41,486
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,720 $829.7K
Cap Rate 7%
$592,657 $592.7K
Cap Rate 9%
$460,956 $461.0K
Market Conditions
NOI Build-Up for 2,825 SF
Gross rent
$62.7K $22.20/SF
− Vacancy
−$3.4K −$1.22/SF
EGI
$59.3K $20.98/SF
− OpEx
−$17.8K −$6.29/SF
NOI
$41.5K $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%
$829,720
Cap Rate 7%
$592,657
Cap Rate 9%
$460,956

Alternative Uses

Best Use
Multifamily LT 5
$592.7K
$518.6K – $691.4K (±1% cap)
NOI $41,486 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$525.8K
$460.1K – $613.4K (±1% cap)
NOI $36,805 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$676.8K
$592.2K – $789.6K (±1% cap)
NOI $47,375 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

4,069
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Quadplexes in Baltimore, MD

$197 Jul
$176 Aug
$161 Sep
$153 Oct

Properties on Market for Quadplexes in Baltimore

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Occupied four-unit townhouse with finished interiors, appliance-equipped kitchens, laundry amenities, and urban views.
Where is this quadplex located?
The property is located at 1917 Gough St Baltimore, MD.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Four‑unit quadplex with all four units currently rented; Approximately 2,825 square feet of finished space; Built in 1900
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