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Two-Unit Duplex with Garage
For Sale
$380,000

2014 PARK Avenue, Baltimore, MD 21217

Multi-Family, BALTIMORE, MD

Property Size2,280 SF
Price / SF$166.67
Days on Market23

Property Features for 2014 PARK Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Family Room, Basement
Parking 1
Parking features Garage - Detached
Interior features 2nd Kitchen, Additional Stairway, Bathroom - Tub Shower, Breakfast Area, Ceiling Fan(s), Crown Moldings, Family Room Off Kitchen, Floor Plan - Traditional, Spiral Staircase, Wood Floors
Fireplace 1
Appliances Built-In Microwave, Oven/Range - Gas, Refrigerator, Washer, Dryer
Subdivision RESERVOIR HILL
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 2,280 SF

Taxes and HOA fees

Tax Annual Amount 7819

Utilities

Heating system Other (Heating)
Cooling system Central Air, Ceiling Fan(s)

Amenities

central air
in-unit laundry
fenced rear yard
patio
elevated deck

Building Details

Year built 1880
Number of units 2
Building materials Brick
Architectural style Colonial
Buildings 1
Listing Agency: Keller Williams Legacy · Keller Williams Realty
Listed By: Angelo M Cooper · License #523727
Added: Oct 7 Changed: Oct 28 Last Checked: Oct 29 at 10:06PM
MLS# MDBA2232452

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.

Rey
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Investment Insights

Based on property information with market context.

This 2,280-square-foot brick duplex, built in 1880, is arranged as two residences with two bedrooms apiece. The first occupies the main and lower levels and includes one full bath; the second spans the upper floors and has one full bath and a half bath. Both units have their own kitchen, living and dining areas, and laundry. Interior details include wood floors, exposed brick, spiral stairs, decorative fireplace mantels and a skylight, alongside central air conditioning.

Outdoor features include a fenced rear yard, patio and elevated deck. A detached one-car garage provides private parking. Penn Station, Downtown Baltimore, I-83, Druid Hill Park, the Maryland Zoo, MICA, the University of Baltimore and Coppin State University are among the named destinations within convenient reach. Public transportation, restaurants and entertainment are also noted nearby.

Key Highlights

  • Two 2‑bedroom units; building totals 2,280 square feet
  • Built in 1880 with brick construction and central air
  • Unit 1 has 1 full bath; Unit 2 has 1 full bath and 1 half bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$33,482
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,640 $669.6K
Cap Rate 7%
$478,314 $478.3K
Cap Rate 9%
$372,022 $372.0K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$50.6K $22.20/SF
− Vacancy
−$2.8K −$1.22/SF
EGI
$47.8K $20.98/SF
− OpEx
−$14.3K −$6.29/SF
NOI
$33.5K $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%
$669,640
Cap Rate 7%
$478,314
Cap Rate 9%
$372,022

Alternative Uses

Best Use
Multifamily LT 5
$478.3K
$418.5K – $558.0K (±1% cap)
NOI $33,482 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$424.4K
$371.3K – $495.1K (±1% cap)
NOI $29,705 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$546.2K
$478.0K – $637.3K (±1% cap)
NOI $38,236 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,842
Businesses Nearby

Demographics for 21217, MD

30,448
Population
20,064
Households
1.5
Avg Household Size
38
Median Age
22%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
14,499
Density / Sq Mi
$37,207
Median Household Income
$40,668
Median Earnings
$1,065
Median Rent
$175,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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?
Duplex - Each residence has a separate kitchen, living area and laundry, with outdoor space serving both units.
Where is this duplex located?
The property is located at 2014 PARK Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two 2‑bedroom units; building totals 2,280 square feet; Built in 1880 with brick construction and central air; Unit 1 has 1 full bath; Unit 2 has 1 full bath and 1 half bath
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