315 ELRINO Street, Baltimore, MD 21224
MULTI_FAMILY - Federal - BALTIMORE, MD
- Added:
- Jul 1, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 6 at 8:06 pm
Property Features for 315 ELRINO Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- 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 agent Caitlin Regan License #661039 (443) 990-1115
Listing office Cummings & Co. Realtors 201 KEY Highway, Baltimore, MD (410) 823-0033
Listing date Jul 1, 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
- 2‑unit property at 315 Elrino Street, properly zoned for 2 units with the city
- 2 separate electric meters
- Recent mechanical and exterior updates: gas boiler, water heater, rubber roof replacement, and all water lines plus main replacement
- Brick Federal‑style building built in 1942
- Upstairs unit has kitchen, full bath, living room, and bedroom; downstairs unit has kitchen with eating area, living rooms, 1.5 bathrooms, and 2 bedrooms
- Window unit cooling and on‑street parking; walk to JHU Bayview/NIH with easy access to I‑95 and walkable to Yard 56
Overview
Located at 315 Elrino Street in Baltimore, the property is described as within walking distance to JHU Bayview and NIH, and offers easy access to I-95. The remarks also note walkability to the new Yard 56.
For tenants, buyers, or owner-occupants, the most compelling fit here is the flexibility of a duplex-style setup with two independently metered units and clearly defined living space on both floors. The combination of recent updates to key mechanical components and roof, along with a functional two-unit interior configuration, supports straightforward use as a live-in-and-rent arrangement or as a two-unit income property.
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 | $33.3k | $19.80 |
| − Vacancy | −$1.8k | −$1.09 |
| EGI | $31.4k | $18.71 |
| − OpEx | −$9.4k | −$5.61 |
| NOI | $22.0k | $13.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.5427
- Latitude
- 39.29018
