343 SCOTT Street Baltimore, MD 21230
MULTI_FAMILY - Federal - BALTIMORE, MD
- Added:
- Jun 11, 2026
- Days on Market:
- 32
- Last Refresh:
- Jul 12 at 4:06 pm
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
- 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
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Federal
Listing agent Clausen Ely III License #583227 (202) 494-4700
Listing office Results 1 Realty LLC 754 WASHINGTON Boulevard, Baltimore, MD (410) 576-8522
Listing date Jun 11, 2026
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.
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 with monthly income of $3,425 plus $100 water reimbursement
- 6+% cap rate noted; both units on annual leases with 2 levels of living each
- Built in 1900 with brick construction and Federal architectural style
Local 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 |
