Renovated Two-Unit Property in
2024 E BALTIMORE Street E Baltimore, MD 21231
2024 E BALTIMORE Street E, Baltimore, MD, 21231
$495,000
For Sale
$495,000
MULTI_FAMILY - Other - BALTIMORE, MD
Property Size2,890 SF
Price / SF$171.28
Days on Market50
Property Features for 2024 E BALTIMORE Street E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street
- Appliances
- Built-In Range, Dishwasher, Dryer - Electric, Refrigerator, Stove, Washer
- Standard status
- Active
- Size
- 2,890 SF
Taxes and HOA fees
- Tax Annual Amount
- 10438
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing Agency
Keller Williams Gateway LLC
(443) 318-8800
8015 CORPORATE Drive unit: C, NOTTINGHAM, MD
Listed by
Gabriel M Dutton · License #647863
(443) 756-4878
Added: May 29 Checked: Jul 17 at 4:06 pm
MLS# MDBA2217346
Listing URL
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.
Located in the Butchers Hill neighborhood of Baltimore, this renovated two-unit property offers modern luxury and rental income potential. Ideal for investors or owner-occupants, each unit features quartz countertops, stainless steel appliances, in-unit laundry, and remodeled kitchen and bathrooms. The upper unit includes two bedrooms and three full bathrooms, including en suite, while the lower unit offers two bedrooms with a full bath. Interiors are filled with natural light and stylish finishes. The property has a single off-street parking space and is near Patterson Park, Johns Hopkins Hospital, and Baltimore Penn Station. The property is 2,890 square feet.
Key Highlights
- Two Units: Ideal for rental income or owner‑occupancy with flexible living/leasing options.
- Prime Location: Highly desirable Butchers Hill, close to Patterson Park, Johns Hopkins Hospital, and Baltimore Penn Station.
- Modern Renovations: Tastefully updated with quartz countertops, stainless steel appliances, in‑unit laundry, and remodeled kitchen and bathrooms.
Local Financial Insights For Multifamily LT 5
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 | $64.2k | $22.20 |
| − Vacancy | −$3.5k | −$1.22 |
| EGI | $60.6k | $20.98 |
| − OpEx | −$18.2k | −$6.29 |
| NOI | $42.4k | $14.69 |
2,890 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$606.3K
$530.5K – $707.4K
NOI $42,441 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$537.9K
$470.7K – $627.5K
NOI $37,652 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$692.4K
$605.8K – $807.8K
NOI $48,465 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey multifamily gem in a vibrant Baltimore neighborhood.
Where is this duplex located?
The property is located at 2024 E BALTIMORE Street E Baltimore, MD.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two Units: Ideal for rental income or owner‑occupancy with flexible living/leasing options.; Prime Location: Highly desirable Butchers Hill, close to Patterson Park, Johns Hopkins Hospital, and Baltimore Penn Station.; Modern Renovations: Tastefully updated with **quartz countertops**, **stainless steel appliances**, **in‑unit laundry**, and remodeled kitchen and bathrooms.
