Fully Leased Duplex with
For Sale
$539,000
343 SCOTT Street, Baltimore, MD 21230
MULTI_FAMILY - Federal - BALTIMORE, MD
Property Size1,862 SF
Price / SF$289.47
Days on Market52
Property Features for 343 SCOTT Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
2
Parking features
Driveway
Appliances
Built-In Microwave, Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
Subdivision
PIGTOWN HISTORIC DISTRICT
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
1,862 SF
Taxes and HOA fees
Tax Annual Amount
4292
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1900
Number of units
2
Building materials
Brick
Architectural style
Federal
Listing Agency:
Results 1 Realty LLC
(410) 576-8522
Listed By:
Clausen Ely III · License #583227
(202) 494-4700
Added: Jun 11
Changed: Jul 13
Last Checked: Aug 1 at 8:06AM
MLS# MDBA2218782
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.
343 Scott Street presents a fully leased duplex on a historic corner lot, with four stories of finishes that blend historic exposed brick and period details with modern updates. Each of the two units is on an annual lease and includes two levels of living. The property also includes a connected lot currently used as a yard and garden, which could support additional parking or room for building expansion. A south-facing facade features a residential mural, adding a distinctive exterior element.
The home is walkable to the UMAB Grad Campus shuttle and sits about a block from the historic Pigtown main street shops, with the UMAB campus, stadiums, Inner Harbor, downtown, and the nearby casino entertainment district all described as only a few blocks away. The property’s parking includes space for at least two cars.
For buyers seeking residential income, the duplex is already operating with both units on annual leases and includes stated current monthly income of $3,425 plus $100 in water reimbursement. The asset is also positioned for tenant convenience given its described proximity to university-area shuttle service and local commercial activity, and showings require at least 24 hours’ notice.
The home is walkable to the UMAB Grad Campus shuttle and sits about a block from the historic Pigtown main street shops, with the UMAB campus, stadiums, Inner Harbor, downtown, and the nearby casino entertainment district all described as only a few blocks away. The property’s parking includes space for at least two cars.
For buyers seeking residential income, the duplex is already operating with both units on annual leases and includes stated current monthly income of $3,425 plus $100 in water reimbursement. The asset is also positioned for tenant convenience given its described proximity to university-area shuttle service and local commercial activity, and showings require at least 24 hours’ notice.
Key Highlights
- Fully leased duplex at 343 Scott Street with annual leases in place for both units
- Monthly income currently $3,425 plus $100 water reimbursement
- Federal‑style brick duplex with 4 stories and historic exposed brick/period details
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 | $41.3k | $22.20 |
| − Vacancy | −$2.3k | −$1.22 |
| EGI | $39.1k | $20.98 |
| − OpEx | −$11.7k | −$6.29 |
| NOI | $27.3k | $14.69 |
1,862 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$390.6K
$341.8K – $455.7K
NOI $27,344 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$346.6K
$303.2K – $404.3K
NOI $24,259 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$446.1K
$390.3K – $520.4K
NOI $31,226 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
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
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 - A fully leased duplex with annual leases, parking for at least two cars, and a connected yard/garden for flexibility.
Where is this duplex located?
The property is located at 343 SCOTT Street Baltimore, MD.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Fully leased duplex at 343 Scott Street with annual leases in place for both units; Monthly income currently $3,425 plus $100 water reimbursement; Federal‑style brick duplex with 4 stories and historic exposed brick/period details
