246 N HILTON Street, Baltimore, MD 21229
- Added:
- Jun 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 9 at 2:06 am
Property Features for 246 N HILTON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,760 SF
Taxes and HOA fees
- Tax Annual Amount
- 5415
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1927
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing agent Montaz Maurice McCray License #0225257392 (240) 755-7137
Listing office Keller Williams Capital Properties 519 C Street, WASHINGTON, MD (202) 243-7700
Listing date Jun 8, 2026
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.
HighLights
- Brick 2‑unit multifamily built in 1927 on N Hilton St
- Each unit offers 2 bedrooms, 1 full bathroom, and a private entrance
- Units have separate utilities and include a washer and dryer
- Major systems updated about 5 years ago: roof, electrical, plumbing, HVAC, gas lines, digital meters, and main water line
- Central air and forced‑air heating
- Basement includes a separate entrance with potential for a 3rd unit (zoning and permitting to be verified)
Overview
Major building systems have been updated, including the roof, electrical, plumbing, HVAC, gas lines, digital meters, and the main water line. The updates are approximately five years old, which can help reduce near-term maintenance concerns for an owner-operator or investor.
The property also includes a basement with a separate entrance, creating an additional configuration option if a buyer wants to pursue further development. Any creation of an additional unit would require the buyer to verify zoning and permitting. With renovated interiors, separately metered utilities, and private access for each unit, the duplex can support a range of occupancy strategies, from renting both units to one unit while living in the other.
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 | $38.0k | $21.60 |
| − Vacancy | −$2.5k | −$1.40 |
| EGI | $35.5k | $20.20 |
| − OpEx | −$10.7k | −$6.06 |
| NOI | $24.9k | $14.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.67284
- Latitude
- 39.28986
