Updated Two-Unit
For Sale
$229,000
315 ELRINO Street, Baltimore, MD 21224
Multi-Family, BALTIMORE, MD
Property Size1,680 SF
Lot Size0.03 Acres
Price / SF$136.31
Days on Market97
Property Features for 315 ELRINO Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Subdivision
BAYVIEW
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Size
1,680 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
5131
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1942
Number of units
2
Building materials
Brick
Architectural style
Federal
Listing Agency:
Cummings & Co. Realtors
(410) 823-0033
Listed By:
Caitlin Regan · License #661039
(410) 675-1550
Added: Jul 1
Changed: Sep 19
Last Checked: Oct 5 at 8:06PM
MLS# MDBA2220200
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.
Investment Insights
Based on property information with market context.
This 1,680-square-foot brick duplex, built in 1942, contains two separately metered units and is zoned for two residences. The upper apartment includes a kitchen, full bathroom, living room, and bedroom. The lower apartment provides a kitchen with dining area, living room, one full and one half bathroom, and two bedrooms. Window-unit cooling, on-street parking, and a basement are also included.
Recent work includes replacement of the rubber roof, water heater, gas boiler, and water lines and main. The property is located near Johns Hopkins Bayview and NIH, with access to I-95 and proximity to Yard 56. Its Federal architectural style and compact 0.03-acre lot complement the two-unit configuration.
Recent work includes replacement of the rubber roof, water heater, gas boiler, and water lines and main. The property is located near Johns Hopkins Bayview and NIH, with access to I-95 and proximity to Yard 56. Its Federal architectural style and compact 0.03-acre lot complement the two-unit configuration.
Key Highlights
- Two‑unit duplex with 1,680 square feet of building area
- Separate electric meters for each unit
- Recent rubber roof, gas boiler, and water heater updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,392
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,840
$407.8K
Cap Rate 7%
$291,314
$291.3K
Cap Rate 9%
$226,578
$226.6K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$39.1K $23.28/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$37.1K $22.07/SF
− OpEx
−$16.7K −$9.93/SF
NOI
$20.4K $12.14/SF
Area
ZIP 21224
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,840
Cap Rate 7%
$291,314
Cap Rate 9%
$226,578
Alternative Uses
Best Use
Multifamily LT 5
$314.3K
$275.1K – $366.7K
NOI $22,004 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$291.3K
$254.9K – $339.9K
NOI $20,392 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$402.5K
$352.2K – $469.6K
NOI $28,174 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,833
Businesses Nearby
Explore this area
Business Placement
Demographics for 21224, MD
54,266
Population
23,433
Households
2.3
Avg Household Size
33
Median Age
50%
College-Educated
85%
High-School Grad
9.3 sq mi
ZIP Area
5,835
Density / Sq Mi
$86,209
Median Household Income
$63,556
Median Earnings
$1,782
Median Rent
$281,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Brick residential income property with separate electric metering and recent updates to key building systems.
Where is this duplex located?
The property is located at 315 ELRINO Street Baltimore, MD.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,680 square feet of building area; Separate electric meters for each unit; Recent rubber roof, gas boiler, and water heater updates
