Updated Duplex with Historic
2050 Bank St, Baltimore, MD 21231
For Sale
$420,000
Two-level rental configuration supports both short-term and conventional tenancy near Baltimore’s Inner Harbor.
Property Size2,128 SF
Price / SF$197.37
Days on Market49
Property Features for 2050 Bank St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Jennifer Habte · License #664017
(443) 996-9026
Source:
Theatwoodteam
Added: Sep 20
Changed: Oct 25
Last Checked: Oct 7 at 12:53PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 2,128-square-foot duplex, built in 1900, combines preserved architectural character with updated features suited to both short-term and long-term occupancy. The property includes a three-floor, three-bedroom front residence and a main-floor studio unit at the rear. One unit is occupied, while the larger residence is vacant and available for leasing or owner use.
The property is located in Baltimore’s Fells Point area, four city blocks from the Inner Harbor waterfront promenade and south of Johns Hopkins Hospital. Restaurants, entertainment venues, and waterfront amenities are accessible from the property. Its two-unit layout and established rental configuration provide a flexible residential income property in an urban setting.
The property is located in Baltimore’s Fells Point area, four city blocks from the Inner Harbor waterfront promenade and south of Johns Hopkins Hospital. Restaurants, entertainment venues, and waterfront amenities are accessible from the property. Its two-unit layout and established rental configuration provide a flexible residential income property in an urban setting.
Key Highlights
- 2,128‑square‑foot duplex built in 1900
- Three‑floor front residence with 3 bedrooms
- Main‑floor rear studio unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,250
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,000
$625.0K
Cap Rate 7%
$446,429
$446.4K
Cap Rate 9%
$347,222
$347.2K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$47.2K $22.20/SF
− Vacancy
−$2.6K −$1.22/SF
EGI
$44.6K $20.98/SF
− OpEx
−$13.4K −$6.29/SF
NOI
$31.3K $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%
$625,000
Cap Rate 7%
$446,429
Cap Rate 9%
$347,222
Alternative Uses
Best Use
Multifamily LT 5
$446.4K
$390.6K – $520.8K
NOI $31,250 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$396.1K
$346.6K – $462.1K
NOI $27,724 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$509.8K
$446.1K – $594.8K
NOI $35,687 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,842
Businesses Nearby
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Business Placement
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
$336,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Baltimore, MD
Properties on Market for Duplexes in Baltimore
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level rental configuration supports both short-term and conventional tenancy near Baltimore’s Inner Harbor.
Where is this duplex located?
The property is located at 2050 Bank St Baltimore, MD.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,128‑square‑foot duplex built in 1900; Three‑floor front residence with 3 bedrooms; Main‑floor rear studio unit
