Detached Duplex with Driveway
For Sale
$369,900
3300 Hamilton Ave, Baltimore, MD 21214
Separate residences provide two-bedroom and three-bedroom layouts with individually metered utilities.
Property Size1,910 SF
Price / SF$193.66
Days on Market42
Property Features for 3300 Hamilton Ave
General Information
Standard status
Active
Size
1,910 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1924
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(443) 802-2728
Listed By:
Christopher J Cooke · License #596183
Source:
Hargreaveshomesales
Added: Jul 21
Changed: Aug 27
Last Checked: Aug 30 at 8:00PM
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 Berkshire Hathaway HomeServices Homesale Realty
Investment Insights
Based on property information with market context.
This detached duplex contains 1,910 square feet across two residential units. The main-level apartment includes hardwood flooring, a large living room, dining area, updated kitchen with granite countertops and stainless steel appliances, two bedrooms, and a full bathroom. The upper unit offers hardwood flooring, a living room, kitchen, three bedrooms, and a full bathroom.
A full unfinished basement adds storage space and includes shared laundry facilities. The property sits on a corner lot with a driveway for off-street parking. Separately metered utilities support distinct utility management for each residence. Located at 3300 Hamilton Ave in Baltimore, the property is near shopping, restaurants, public transportation, parks, schools, and major commuter routes.
A full unfinished basement adds storage space and includes shared laundry facilities. The property sits on a corner lot with a driveway for off-street parking. Separately metered utilities support distinct utility management for each residence. Located at 3300 Hamilton Ave in Baltimore, the property is near shopping, restaurants, public transportation, parks, schools, and major commuter routes.
Key Highlights
- Two‑unit detached property with 1,910 square feet
- Main‑level unit has 2 bedrooms and an updated kitchen with granite countertops and stainless steel appliances
- Upper‑level unit includes 3 bedrooms, a kitchen, and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,049
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$560,980
$561.0K
Cap Rate 7%
$400,700
$400.7K
Cap Rate 9%
$311,656
$311.7K
Market Conditions
NOI Build-Up for 1,910 SF
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.
Gross rent
$42.4K $22.20/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$40.1K $20.98/SF
− OpEx
−$12.0K −$6.29/SF
NOI
$28.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$560,980
Cap Rate 7%
$400,700
Cap Rate 9%
$311,656
Alternative Uses
Best Use
Multifamily LT 5
$400.7K
$350.6K – $467.5K
NOI $28,049 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$355.5K
$311.1K – $414.7K
NOI $24,884 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$457.6K
$400.4K – $533.9K
NOI $32,031 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
Explore this area
Business Placement
Demographics for 21214, MD
19,344
Population
9,096
Households
2.1
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
2.8 sq mi
ZIP Area
6,909
Density / Sq Mi
$82,093
Median Household Income
$54,228
Median Earnings
$1,188
Median Rent
$250,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residences provide two-bedroom and three-bedroom layouts with individually metered utilities.
Where is this duplex located?
The property is located at 3300 Hamilton Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two‑unit detached property with 1,910 square feet; Main‑level unit has 2 bedrooms and an updated kitchen with granite countertops and stainless steel appliances; Upper‑level unit includes 3 bedrooms, a kitchen, and a full bathroom
