Building Details

Building Size 1,576 SF

Year Built 1880

Buildings 1

Tenancy Single

Listing Agency: Cummings & Co. Realtors

Listed By: Meg K Weetenkamp · License #576809 Show Phone

Source: Thehulsmangroup

Added: Oct 9 Changed: Oct 11 Last Checked: Oct 11 at 2:42PM

Report an Issue

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 Cummings & Co. Realtors

Investment Insights

Based on property information with market context.

Built in 1880, this duplex property provides more than 1,500 square feet of living space and is currently arranged as a single residence. A full kitchen serves the main level, with a second full kitchen upstairs; the flexible floor plan also has potential for a third bedroom. The property is legally zoned for two units.

The deep lot includes a mature native garden, a private sauna, and an electrically serviced storage shed. Two-car off-street parking is also available. The property is one block from The Avenue, near Hampden restaurants, cafes, shops, and boutiques.

Key Highlights

• Legally zoned for 2 units; currently used as a single residence
• More than 1,500 square feet of living space
• Full kitchens on both the main and upper levels

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,144

Cap Rate

6.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$462,880 $462.9K

Cap Rate 7%

$330,629 $330.6K

Cap Rate 9%

$257,156 $257.2K

Market Conditions

NOI Build-Up for 1,576 SF

Gross rent

$35.0K $22.20/SF

− Vacancy

−$1.9K −$1.22/SF

EGI

$33.1K $20.98/SF

− OpEx

−$9.9K −$6.29/SF

NOI

$23.1K $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%

$462,880

Cap Rate 7%

$330,629

Cap Rate 9%

$257,156

Alternative Uses

Best Use

Multifamily LT 5

$330.6K

$289.3K – $385.7K (±1% cap)

NOI $23,144 @ 7.0% cap · market cap 6.09%

Second Best

Apartment 5plus

$293.3K

$256.7K – $342.2K (±1% cap)

NOI $20,533 @ 7.0% cap · market cap 5.40%

Theoretical Best

Office A

$377.6K

$330.4K – $440.5K (±1% cap)

NOI $26,430 @ 7.0% cap · market cap 6.96%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Charm City Headshots Photography Service Dennis Drenner Photographs Photography Service

Suggested Use

Top Pick HVAC Service Daycare Center Accounting Firm Barber Shop Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,756

Businesses Nearby

Explore this area Business Placement

Demographics for 21211, MD

17,721

Population

9,056

Households

2

Avg Household Size

37

Median Age

61%

College-Educated

93%

High-School Grad

2.9 sq mi

ZIP Area

6,111

Density / Sq Mi

$81,467

Median Household Income

$64,019

Median Earnings

$1,577

Median Rent

$274,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Updated Duplex with Original Character

2050 BANK Street, Baltimore, MD 21231

$420,000

1,751 SF

View details

Well-Maintained Duplex in Baltimore

4204 Kenwood Ave, Baltimore, MD 21206

$270,000

1,504 SF

View details

Two-Unit Duplex with Driveway Parking

3300 HAMILTON Avenue, Baltimore, MD 21214

$369,900

1,910 SF

View details

Mixed-Use Building with Driveway

3210 EASTERN Avenue, Baltimore, MD 21224

$299,500

1,400 SF

View details

Updated Two-Unit Duplex

315 ELRINO Street, Baltimore, MD 21224

$229,000

1,680 SF

View details

Two-Unit Duplex with Private Entrances

1331 TAYLOR Avenue, Baltimore, MD 21234

$239,900

1,452 SF

View details

Two-Unit Townhome Duplex

902 Elm Ridge Ave, Baltimore, MD 21229

$295,000

1,350 SF

View details

Separately Metered Remodeled Duplex

2736 E PRESTON Street, Baltimore, MD 21213

$199,000

1,504 SF

View details

Brick Duplex Townhouse

5809 CHINQUAPIN PKWY, Baltimore, MD 21239

$250,000

1,752 SF

View details

Three-Level Mixed-Use Property

212 W SARATOGA Street, Baltimore, MD 21201

$324,900

1,956 SF

View details

Two-Unit Duplex with Basement

5808 THE ALAMEDA, Baltimore, MD 21239

$225,000

View details

Renovated Two-Unit Duplex

5247 NELSON Avenue, Baltimore, MD 21215

$240,000

1,750 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Currently used as one residence, the property is legally zoned for two units and offers flexible interior space.

Where is this duplex located?

The property is located at 3646 ELM AVENUE Baltimore, MD.

What is the asking price?

The asking price for this property is $379,900.

What are key features of this property?

This property features: Legally zoned for 2 units; currently used as a single residence; More than 1,500 square feet of living space; Full kitchens on both the main and upper levels