Two-Unit Duplex with
For Sale
$380,000
2014 PARK AVENUE, Baltimore, MD 21217
Each residence has its own kitchen, living area, and laundry facilities.
Property Size2,280 SF
Days on Market14
Property Features for 2014 PARK AVENUE
General Information
Standard status
Active
Size
2,280 SF
Total Parking Spaces
1
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,819
Amenities
central air
laundry
fenced yard
patio
deck
Building Details
Building Size
2,280 SF
Year Built
1880
Buildings
1
Listing Agency:
Keller Williams Legacy
Listed By:
Angelo M Cooper · License #523727
(410) 977-5630
Source:
Thehulsmangroup
Added: Sep 23
Changed: Oct 3
Last Checked: Oct 4 at 4:09PM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
Built in 1880, this Baltimore duplex is arranged as two separate residences, each with two bedrooms, a kitchen, living and dining areas, and laundry. The first unit spans the main and lower levels and has one full bath. The second occupies the upper two floors and includes one full bath and a half bath. Interior details include hardwood floors, exposed brick, decorative fireplace mantels, spiral staircases, recessed lighting, and a skylight. Central air is installed, and a private one-car garage serves the property.
Outdoor features include a fenced rear yard, patio, elevated deck, and exterior spiral staircase. Penn Station, Downtown Baltimore, I-83, Druid Hill Park, the Maryland Zoo, MICA, the University of Baltimore, and Coppin State University are among the listed nearby destinations. Public transportation, restaurants, and entertainment are also identified in the surrounding area.
Outdoor features include a fenced rear yard, patio, elevated deck, and exterior spiral staircase. Penn Station, Downtown Baltimore, I-83, Druid Hill Park, the Maryland Zoo, MICA, the University of Baltimore, and Coppin State University are among the listed nearby destinations. Public transportation, restaurants, and entertainment are also identified in the surrounding area.
Key Highlights
- Two separate 2‑bedroom residences, each with its own kitchen and laundry
- 1880 construction with hardwood floors, exposed brick, decorative mantels, and spiral staircases
- One unit has 1 full bath; the other has 1.5 baths
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
NOI $33,482 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$424.4K
$371.3K – $495.1K
NOI $29,705 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$546.2K
$478.0K – $637.3K
NOI $38,236 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,842
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own kitchen, living area, and laundry facilities.
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 separate 2‑bedroom residences, each with its own kitchen and laundry; 1880 construction with hardwood floors, exposed brick, decorative mantels, and spiral staircases; One unit has 1 full bath; the other has 1.5 baths
