Two-Unit
For Sale
$179,999
3603-3605 4Th Street, Baltimore, MD 21225
The property includes a studio and a one-bedroom residence, with one unit occupied and the other available.
Property Size850 SF
Price / SF$211.76
Days on Market29
Property Features for 3603-3605 4Th Street
General Information
Standard status
Active
Size
850 SF
Property subtype
Multi-Family
Zoning
C-2
Units
Unit Mix
1 x studio, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$17
Amenities
Laminated
Electric
Yes
Other
No
Estimated
No Pool
Public
R
0.01
Assessor
On Street
Concrete Perimeter
300.00
Building Details
Building Size
850 SF
Year Built
1920
Listing Agency:
High Associates Ltd.
(856) 222-0077
Listed By:
Brittany Moody
(609) 744-6614
Source:
Thetristaterealestategroup
Added: Sep 7
Changed: Sep 30
Last Checked: Oct 5 at 4:47PM
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 High Associates Ltd.
Investment Insights
Based on property information with market context.
This two-unit residential property contains distinct living arrangements across its floors. The lower level is configured as a studio, while the upper level provides a one-bedroom unit. One residence is occupied, and the other is vacant.
Constructed in 1920, the property is located in Brooklyn at 3603-3605 4th Street in Baltimore. The site carries C-2 zoning, providing an additional land-use designation for evaluation alongside the existing residential configuration.
Constructed in 1920, the property is located in Brooklyn at 3603-3605 4th Street in Baltimore. The site carries C-2 zoning, providing an additional land-use designation for evaluation alongside the existing residential configuration.
Key Highlights
- Two‑unit duplex with one occupied residence and one vacant unit
- First‑floor studio layout
- Second‑floor one‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,483
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,660
$249.7K
Cap Rate 7%
$178,329
$178.3K
Cap Rate 9%
$138,700
$138.7K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$18.9K $22.20/SF
− Vacancy
−$1.0K −$1.22/SF
EGI
$17.8K $20.98/SF
− OpEx
−$5.3K −$6.29/SF
NOI
$12.5K $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%
$249,660
Cap Rate 7%
$178,329
Cap Rate 9%
$138,700
Alternative Uses
Best Use
Multifamily LT 5
$178.3K
$156.0K – $208.1K
NOI $12,483 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$158.2K
$138.4K – $184.6K
NOI $11,074 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$203.6K
$178.2K – $237.6K
NOI $14,255 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Explore this area
Business Placement
Demographics for 21225, MD
34,138
Population
14,434
Households
2.4
Avg Household Size
34
Median Age
14%
College-Educated
79%
High-School Grad
6.5 sq mi
ZIP Area
5,252
Density / Sq Mi
$50,069
Median Household Income
$35,991
Median Earnings
$1,118
Median Rent
$214,000
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 - The property includes a studio and a one-bedroom residence, with one unit occupied and the other available.
Where is this duplex located?
The property is located at 3603-3605 4Th Street Baltimore, MD.
What is the asking price?
The asking price for this property is $179,999.
What are key features of this property?
This property features: Two‑unit duplex with one occupied residence and one vacant unit; First‑floor studio layout; Second‑floor one‑bedroom unit
