Updated Duplex with Original
2050 BANK Street, Baltimore, MD 21231
For Sale
$420,000
Under Contract
Multi-Family, BALTIMORE, MD
Property Size1,751 SF
Lot Size0.02 Acres
Price / SF$239.86
Days on Market51
Property Features for 2050 BANK Street
General Information
Property type
Property subtype
Rooms
Parking features
Interior features
Appliances
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(410) 327-2200
Listed By:
Jennifer Habte · License #664017
(443) 996-9026
Added: Sep 18
Changed: Oct 27
Last Checked: Nov 7 at 2:06PM
MLS# MDBA2231620
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.
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Investment Insights
Based on property information with market context.
Built in 1900, this 1,751-square-foot brick-front duplex combines retained original details with updates suited to both short-term and long-term occupancy. The layout includes a three-floor, three-bedroom front residence and a studio on the rear main level. Kitchens feature eat-in areas, island workspace, or table space, while appliances include dishwashers, refrigerators, microwaves, disposals, and laundry equipment. Forced-air heat and central air conditioning serve the property.
The 0.02-acre property is positioned in Baltimore's Upper Fells Point, four city blocks from the Inner Harbor waterfront promenade. Restaurants and entertainment are accessible nearby, and Johns Hopkins Hospital is south of the property. On-street parking is available.
The 0.02-acre property is positioned in Baltimore's Upper Fells Point, four city blocks from the Inner Harbor waterfront promenade. Restaurants and entertainment are accessible nearby, and Johns Hopkins Hospital is south of the property. On-street parking is available.
Key Highlights
- 1,751‑square‑foot duplex on a 0.02‑acre lot
- Front three‑floor, three‑bedroom residence with rear main‑floor studio
- Updated for short‑term and long‑term tenant use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,714
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,280
$514.3K
Cap Rate 7%
$367,343
$367.3K
Cap Rate 9%
$285,711
$285.7K
Market Conditions
NOI Build-Up for 1,751 SF
Gross rent
$38.9K $22.20/SF
− Vacancy
−$2.1K −$1.22/SF
EGI
$36.7K $20.98/SF
− OpEx
−$11.0K −$6.29/SF
NOI
$25.7K $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%
$514,280
Cap Rate 7%
$367,343
Cap Rate 9%
$285,711
Alternative Uses
Best Use
Multifamily LT 5
$367.3K
$321.4K – $428.6K
NOI $25,714 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$325.9K
$285.2K – $380.2K
NOI $22,813 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$419.5K
$367.1K – $489.4K
NOI $29,364 @ 7.0% cap · market cap 6.99%
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 - Updated duplex with traditional layouts, modern appliances, central air, and access to on-street parking.
Where is this duplex located?
The property is located at 2050 BANK Street 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: 1,751‑square‑foot duplex on a 0.02‑acre lot; Front three‑floor, three‑bedroom residence with rear main‑floor studio; Updated for short‑term and long‑term tenant use
