Remodeled
2926 ELLICOTT DRIVE, Baltimore, MD 21216
For Sale
$275,000
Two separate residences offer a flexible setup for owner occupancy or rental use.
Property Size1,176 SF
Price / SF$233.84
Days on Market50
Property Features for 2926 ELLICOTT DRIVE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Century 21 Harris Hawkins & Co.
(410) 321-1035
Listed By:
Tiffany G. Harris · License MD #37442
(410) 736-9091
Source:
Cummingsrealtors
Added: Sep 23
Changed: Nov 10
Last Checked: Nov 10 at 7:27AM
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 Century 21 Harris Hawkins & Co.
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Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1-bath units, with a combined property size of 1,176 square feet. The building dates to 1920 and has undergone remodeling, with updated interiors and finishes. The two-unit configuration supports separate occupancy, whether used together as rentals or with an owner in one unit and a tenant in the other.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- 1,176 square feet across the property
- Built in 1920; remodeled interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,270
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,400
$345.4K
Cap Rate 7%
$246,714
$246.7K
Cap Rate 9%
$191,889
$191.9K
Market Conditions
NOI Build-Up for 1,176 SF
Gross rent
$26.1K $22.20/SF
− Vacancy
−$1.4K −$1.22/SF
EGI
$24.7K $20.98/SF
− OpEx
−$7.4K −$6.29/SF
NOI
$17.3K $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%
$345,400
Cap Rate 7%
$246,714
Cap Rate 9%
$191,889
Alternative Uses
Best Use
Multifamily LT 5
$246.7K
$215.9K – $287.8K
NOI $17,270 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$218.9K
$191.5K – $255.4K
NOI $15,321 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$281.7K
$246.5K – $328.7K
NOI $19,722 @ 7.0% cap · market cap 7.17%
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
665
Businesses Nearby
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Business Placement
Demographics for 21216, MD
27,729
Population
15,613
Households
1.8
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
3.3 sq mi
ZIP Area
8,403
Density / Sq Mi
$46,440
Median Household Income
$36,634
Median Earnings
$1,160
Median Rent
$148,800
Median Home Value
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Market
Average Price Trend$/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 separate residences offer a flexible setup for owner occupancy or rental use.
Where is this duplex located?
The property is located at 2926 ELLICOTT DRIVE Baltimore, MD.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; 1,176 square feet across the property; Built in 1920; remodeled interiors
