Two-Unit Brick
2427 Linden Avenue Baltimore, MD 21217
2427 Linden Avenue, Baltimore, MD, 21217
$315,000
For Sale
$315,000
Two-unit brick duplex with in-unit laundry, central air, a fenced outdoor space, and a two-car detached garage.
Property Size2,100 SF
Price / SF$150
Days on Market26
Property Features for 2427 Linden Avenue
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing agency
LPT Realty, LLC
(410) 419-0288
Listed by
Thomas Linwood Jones III · License #5012192
(410) 419-0288
Source
Compass
Added: Jun 27 Updated: Jul 21 at 10:33PM Checked: Jul 21 at 10:33PM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
2427 Linden Avenue is a well-maintained two-unit brick duplex. The first-floor unit has two bedrooms and one full bath and is described as beautifully renovated and move-in ready, featuring updated finishes, hardwood floors, exposed brick accents, central air conditioning, and in-unit laundry. The second-floor unit has two bedrooms and two baths and is currently tenant-occupied.
Additional features include a two-car detached garage, basement storage, and a fenced outdoor space. The property is located in Baltimore City and is within the listing’s stated proximity to Druid Hill Park, MICA, Johns Hopkins University, The Maryland Zoo, and downtown Baltimore, with convenient access to I-83 and public transportation.
For buyers seeking rental income or a live-in arrangement with an income-producing unit, this duplex’s two distinct unit layouts offer a clear, practical configuration for tenant occupancy.
Additional features include a two-car detached garage, basement storage, and a fenced outdoor space. The property is located in Baltimore City and is within the listing’s stated proximity to Druid Hill Park, MICA, Johns Hopkins University, The Maryland Zoo, and downtown Baltimore, with convenient access to I-83 and public transportation.
For buyers seeking rental income or a live-in arrangement with an income-producing unit, this duplex’s two distinct unit layouts offer a clear, practical configuration for tenant occupancy.
Key Highlights
- Two‑unit brick duplex built in 1920 with a move‑in ready first‑floor unit and a tenant‑occupied upper unit for ongoing income potential.
- First‑floor unit includes updated finishes, hardwood floors, exposed brick accents, central air conditioning, and in‑unit laundry.
- Unit mix: one 2‑bedroom, 1‑bath unit and one 2‑bedroom, 2‑bath unit.
Local Financial Insights For Apartment 5plus
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 | $52.9k | $25.20 |
| − Vacancy | −$3.2k | −$1.51 |
| EGI | $49.7k | $23.69 |
| − OpEx | −$22.4k | −$10.66 |
| NOI | $27.4k | $13.03 |
2,100 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$440.6K
$385.5K – $514.0K
NOI $30,839 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$390.9K
$342.0K – $456.0K
NOI $27,360 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$503.1K
$440.2K – $587.0K
NOI $35,217 @ 7.0% cap · market cap 11.18%
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 - Two-unit brick duplex with in-unit laundry, central air, a fenced outdoor space, and a two-car detached garage.
Where is this duplex located?
The property is located at 2427 Linden Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two‑unit brick duplex built in 1920 with a move‑in ready first‑floor unit and a tenant‑occupied upper unit for ongoing income potential.; First‑floor unit includes updated finishes, hardwood floors, exposed brick accents, central air conditioning, and in‑unit laundry.; Unit mix: one 2‑bedroom, 1‑bath unit and one 2‑bedroom, 2‑bath unit.
