Four-Story Leased
For Sale
$529,000
343 SCOTT Street, Baltimore, MD 21230
Multi-Family, BALTIMORE, MD
Property Size1,862 SF
Price / SF$284.10
Days on Market132
Property Features for 343 SCOTT Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
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
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air, Ceiling Fan(s)
Amenities
high end appliances
historic exposed brick
residential mural
yard and garden
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: Oct 19
Last Checked: Oct 20 at 11:06PM
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.
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 1,862-square-foot duplex occupies a four-story brick building constructed in 1900 with Federal architectural styling. The two residences are each arranged across two levels and are leased on annual terms. Interior character includes exposed brick and period details alongside modern finishes and high-end appliances, including dishwashers, electric ranges, refrigerators, washers, and dryers. Central air, ceiling fans, and electric heat pump systems serve the property.
A driveway provides parking for at least two vehicles. The property also includes a connected lot currently configured as a yard and garden, with the source describing possible use for additional parking or building expansion. Its location places the building near the UMAB graduate campus shuttle, Pigtown Main Street shops, the UMAB campus, stadiums, the Inner Harbor, downtown, and the casino entertainment district. The south-facing facade features a residential mural. The property is reported at a 6+% cap rate.
A driveway provides parking for at least two vehicles. The property also includes a connected lot currently configured as a yard and garden, with the source describing possible use for additional parking or building expansion. Its location places the building near the UMAB graduate campus shuttle, Pigtown Main Street shops, the UMAB campus, stadiums, the Inner Harbor, downtown, and the casino entertainment district. The south-facing facade features a residential mural. The property is reported at a 6+% cap rate.
Key Highlights
- 1,862 SF duplex with two residences, each arranged over 2 levels
- Four‑story brick building constructed in 1900 with Federal architectural style
- Both units are leased on annual terms
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
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 - Brick duplex with two separately leased residences, modern appliances, period character, and off-street parking.
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 $529,000.
What are key features of this property?
This property features: 1,862 SF duplex with two residences, each arranged over 2 levels; Four‑story brick building constructed in 1900 with Federal architectural style; Both units are leased on annual terms
