Updated End-Unit Duplex Income
3304 W FOREST PARK Avenue Baltimore, MD 21216
For Sale
$320,000
MULTI_FAMILY - BALTIMORE, MD
Property Size1,940 SF
Price / SF$164.95
Days on Market16
Property Features for 3304 W FOREST PARK Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 4
- Parking features
- Garage - Detached, Off Street, Driveway
- Standard status
- Active
- Size
- 1,940 SF
Taxes and HOA fees
- Tax Annual Amount
- 4135
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 1
- Building materials
- Brick
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
(410) 464-5500
Listed By:
Tonee M Young · License #680481
(443) 333-0375
Added: Jul 10
Changed: Jul 16
Last Checked: Jul 25 at 4:06AM
MLS# MDBA2221140
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 updated end-unit duplex offers two separately metered units designed for comfortable, self-contained living. Each unit has its own private entrance, kitchen, and full bathroom. The first-floor unit includes a finished basement with an additional half bath, expanding usable space for everyday living. The second-floor unit features an enclosed sun porch.
The home has key mechanical improvements, including a new roof in 2025, a new HVAC system in 2024, and new hot water heaters in 2026. Outside, there is a separate oversized one-car garage and off-street parking for approximately 2–3 vehicles, supporting convenient day-to-day access.
This property is presented as move-in ready with completed capital improvements and flexible layout options from unit to unit.
The home has key mechanical improvements, including a new roof in 2025, a new HVAC system in 2024, and new hot water heaters in 2026. Outside, there is a separate oversized one-car garage and off-street parking for approximately 2–3 vehicles, supporting convenient day-to-day access.
This property is presented as move-in ready with completed capital improvements and flexible layout options from unit to unit.
Key Highlights
- Duplex end‑unit with two separately metered units for independent utilities
- Each unit has its own kitchen and full bathroom, with private entrances
- First‑floor unit includes a finished basement plus an additional half bath
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 | $43.1k | $22.20 |
| − Vacancy | −$2.4k | −$1.22 |
| EGI | $40.7k | $20.98 |
| − OpEx | −$12.2k | −$6.29 |
| NOI | $28.5k | $14.69 |
1,940 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$407.0K
$356.1K – $474.8K
NOI $28,489 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$361.1K
$315.9K – $421.3K
NOI $25,275 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$464.8K
$406.7K – $542.2K
NOI $32,534 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - End-unit duplex with two separately metered units, each with private entrance, kitchen, and full bath, plus a detached one-car garage.
Where is this duplex located?
The property is located at 3304 W FOREST PARK Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Duplex end‑unit with two separately metered units for independent utilities; Each unit has its own kitchen and full bathroom, with private entrances; First‑floor unit includes a finished basement plus an additional half bath
