Renovated Two-Unit
2024 East Baltimore Street Baltimore, MD 21231
2024 East Baltimore Street, Baltimore, MD, 21231
$500,000
For Sale
$500,000
Turnkey two-unit property with in-unit laundry, remodeled kitchens and baths, and single off-street parking space.
Property Size2,890 SF
Price / SF$173.01
Days on Market135
Property Features for 2024 East Baltimore Street
General Information
- Standard status
- Active
- Size
- 2,890 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing agency
Keller Williams Gateway LLC
(443) 756-4878
Listed by
Gabriel M Dutton · License #647863
(443) 756-4878
Source
Compass
Added: Mar 9 Updated: Jul 21 at 3:07AM Checked: Jul 21 at 3:07AM
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 Gateway LLC
Investment Insights
Based on property information with market context.
This renovated two-unit duplex offers two separate, updated residences with modern finishes. Each unit includes in-unit laundry, quartz countertops, and stainless steel appliances, with remodeled kitchen and bathroom interiors. The upper unit features two bedrooms and three full bathrooms, including an en suite. The lower unit provides two bedrooms and a full bathroom, creating flexible living or rental configurations.
Located in Baltimore City in-city limits, the property is described as being in the heart of Butchers Hill. It is also noted to be near Patterson Park, Johns Hopkins Hospital, and Baltimore Penn Station, with commuting and local access available by walk, car, or public transit.
A single off-street parking space is included with the property.
Located in Baltimore City in-city limits, the property is described as being in the heart of Butchers Hill. It is also noted to be near Patterson Park, Johns Hopkins Hospital, and Baltimore Penn Station, with commuting and local access available by walk, car, or public transit.
A single off-street parking space is included with the property.
Key Highlights
- Renovated two‑unit property in historic Butchers Hill (Baltimore City).
- Upper unit: 2 bedrooms and 3 full bathrooms, including an en‑suite bath.
- Lower unit: 2 bedrooms with a full bathroom.
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 8.49%
Second Best
Apartment 5plus
$537.9K
$470.7K – $627.5K
NOI $37,652 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$692.4K
$605.8K – $807.8K
NOI $48,465 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey two-unit property with in-unit laundry, remodeled kitchens and baths, and single off-street parking space.
Where is this duplex located?
The property is located at 2024 East Baltimore Street Baltimore, MD.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Renovated two‑unit property in historic Butchers Hill (Baltimore City).; Upper unit: 2 bedrooms and 3 full bathrooms, including an en‑suite bath.; Lower unit: 2 bedrooms with a full bathroom.
