Two-Unit Duplex with Rear
2905 Cornwall Rd, Baltimore, MD 21222
For Sale
$221,000
Each residence has one bedroom and one bathroom, with separate electric meters and access to shared laundry.
Property Size1,254 SF
Price / SF$176.24
Days on Market24
Property Features for 2905 Cornwall Rd
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
shared laundry room
rear parking pad
fenced rear yard
Listing Agency:
Tidewater Realty Group, LLC
(443) 548-0191
Listed By:
Cody A Bishop · License #5001753
(443) 345-6604
Source:
Exprealty
Added: Oct 15
Changed: Nov 6
Last Checked: Nov 6 at 10:27AM
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 Tidewater Realty Group, LLC
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Investment Insights
Based on property information with market context.
This 1,254-square-foot duplex contains two separate one-bedroom, one-bathroom residences. The lower unit is occupied by a tenant; the upper unit is vacant. Bathroom renovations were completed in the upper unit in 2025 and the lower unit in 2021, and the lower unit’s boiler was replaced in 2024. Both residences have separate electric meters and access to a shared laundry room.
A rear parking pad and fenced yard serve the property. The lower level includes unfinished space and an additional bathroom; expansion of the lower unit or storage use would be subject to applicable permits and approvals. The property has access to I-695 and I-95, with shopping, dining, and daily services available in the surrounding Dundalk community.
A rear parking pad and fenced yard serve the property. The lower level includes unfinished space and an additional bathroom; expansion of the lower unit or storage use would be subject to applicable permits and approvals. The property has access to I-695 and I-95, with shopping, dining, and daily services available in the surrounding Dundalk community.
Key Highlights
- Two separate one‑bedroom, one‑bathroom units in a 1,254‑square‑foot duplex
- Lower unit is tenant‑occupied; upper unit is vacant
- Upper unit bathroom renovated in 2025; lower unit bathroom renovated in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,415
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,300
$368.3K
Cap Rate 7%
$263,071
$263.1K
Cap Rate 9%
$204,611
$204.6K
Market Conditions
NOI Build-Up for 1,254 SF
Gross rent
$27.8K $22.20/SF
− Vacancy
−$1.5K −$1.22/SF
EGI
$26.3K $20.98/SF
− OpEx
−$7.9K −$6.29/SF
NOI
$18.4K $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%
$368,300
Cap Rate 7%
$263,071
Cap Rate 9%
$204,611
Alternative Uses
Best Use
Multifamily LT 5
$263.1K
$230.2K – $306.9K
NOI $18,415 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$233.4K
$204.2K – $272.3K
NOI $16,338 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$300.4K
$262.9K – $350.5K
NOI $21,030 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Explore this area
Business Placement
Demographics for 21222, MD
59,062
Population
24,054
Households
2.5
Avg Household Size
38
Median Age
14%
College-Educated
85%
High-School Grad
11.5 sq mi
ZIP Area
5,136
Density / Sq Mi
$61,934
Median Household Income
$41,920
Median Earnings
$1,390
Median Rent
$200,800
Median Home Value
Market
Average Price Trend$/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 - Each residence has one bedroom and one bathroom, with separate electric meters and access to shared laundry.
Where is this duplex located?
The property is located at 2905 Cornwall Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $221,000.
What are key features of this property?
This property features: Two separate one‑bedroom, one‑bathroom units in a 1,254‑square‑foot duplex; Lower unit is tenant‑occupied; upper unit is vacant; Upper unit bathroom renovated in 2025; lower unit bathroom renovated in 2021
