Leased Duplex with Historic
For Sale
$529,000
343 SCOTT ST, Baltimore, MD 21230
Two separately leased residences feature multilevel layouts, modern finishes, and convenient access to nearby campuses and entertainment districts.
Property Size1,862 SF
Price / SF$284.10
Days on Market55
Property Features for 343 SCOTT ST
General Information
Standard status
Active
Size
1,862 SF
Property subtype
Multi-family
Occupancy
100%
Site & Location
Neighborhood
Barre Circle
Public Transit
Yes
Additional Details
Gross Income
$42,300
Multifamily Units
2
Building Details
Buildings
1
Stories
4
Tenancy
Multi
Listing Agency:
Results 1 Realty LLC
(410) 576-8522
Listed By:
Clausen Ely III · License #583227
(202) 494-4700
Source:
Keygroupmd
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 30 at 2:20PM
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 Results 1 Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residences, each arranged across two levels, within a four-story property featuring modern finishes, high-end appliances, exposed brick, and period architectural details. Both units are leased annually, and the property carries a 6+% cap rate. The building also includes parking for at least two cars, a connected lot maintained as a yard and garden, and a south-facing facade with a residential mural.
Located at 343 Scott Street, the property is steps from the UMAB Graduate Campus shuttle and one block from the shops along Pigtown Main Street. The UMAB Campus, stadiums, Inner Harbor, Downtown, and the Casino Entertainment District are all within a few blocks. A minimum of 24 hours' notice is required for showings.
Located at 343 Scott Street, the property is steps from the UMAB Graduate Campus shuttle and one block from the shops along Pigtown Main Street. The UMAB Campus, stadiums, Inner Harbor, Downtown, and the Casino Entertainment District are all within a few blocks. A minimum of 24 hours' notice is required for showings.
Key Highlights
- Duplex with 2 residences, each offering 2 levels of living
- Both units leased on annual terms
- 6+% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,344
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,880
$546.9K
Cap Rate 7%
$390,629
$390.6K
Cap Rate 9%
$303,822
$303.8K
Market Conditions
NOI Build-Up for 1,862 SF
Gross rent
$41.3K $22.20/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$39.1K $20.98/SF
− OpEx
−$11.7K −$6.29/SF
NOI
$27.3K $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%
$546,880
Cap Rate 7%
$390,629
Cap Rate 9%
$303,822
Alternative Uses
Best Use
Multifamily LT 5
$390.6K
$341.8K – $455.7K
NOI $27,344 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$346.6K
$303.2K – $404.3K
NOI $24,259 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$446.1K
$390.3K – $520.4K
NOI $31,226 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,275
Businesses Nearby
Explore this area
Business Placement
Demographics for 21230, MD
36,660
Population
18,070
Households
2
Avg Household Size
33
Median Age
59%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
5,819
Density / Sq Mi
$94,164
Median Household Income
$69,973
Median Earnings
$1,771
Median Rent
$327,700
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
Frequently Asked Questions
What type of property is this?
Duplex - Two separately leased residences feature multilevel layouts, modern finishes, and convenient access to nearby campuses and entertainment districts.
Where is this duplex located?
The property is located at 343 SCOTT ST Baltimore, MD.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Duplex with 2 residences, each offering 2 levels of living; Both units leased on annual terms; 6+% cap rate
