Two-Unit Duplex with Off-Street
New
For Sale
$379,900
3646 ELM Avenue, Baltimore, MD 21211
Multi-Family, BALTIMORE, MD
Property Size1,576 SF
Lot Size0.09 Acres
Price / SF$241.05
Days on Market1
Property Features for 3646 ELM Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Off Street, On Street, Driveway
Interior features
2nd Kitchen, Bathroom - Stall Shower, Built-Ins, Ceiling Fan(s), Floor Plan - Open, Sauna, Wood Floors
Appliances
Dishwasher, Dryer, Extra Refrigerator/Freezer, Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, WaterHeater
Subdivision
HAMPDEN 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
1,576 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
7095
Utilities
Heating system
Other (Heating)
Cooling system
Ceiling Fan(s)
Amenities
sauna
storage shed
garden
in-unit washer/dryer
Building Details
Year built
1880
Number of units
1
Building materials
Frame
Architectural style
Colonial
Listing Agency:
Cummings & Co. Realtors
(410) 823-0033
Listed By:
Meg K Weetenkamp · License #576809
(410) 274-0004
Added: Oct 15
Last Checked: Oct 15 at 11:06PM
MLS# MDBA2234344
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.
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Investment Insights
Based on property information with market context.
At 3646 Elm Avenue, this 1,576-square-foot duplex contains two residences with a shared side entrance. The main-level unit has one bedroom, a full bathroom, living space, and a kitchen; the upper unit has two bedrooms, a full bathroom, and its own kitchen and laundry facilities. Each unit has a full kitchen and bathroom. The property has two electric meters and one shared gas meter, plus a private sauna, an electric-powered storage shed, and off-street parking for two cars. The 0.09-acre lot includes a mature garden.
The property is one block from The Avenue, where restaurants, cafes, shops, and boutiques are located. Built in 1880, the frame building has a Colonial architectural style.
The property is one block from The Avenue, where restaurants, cafes, shops, and boutiques are located. Built in 1880, the frame building has a Colonial architectural style.
Key Highlights
- Two residences: a one‑bedroom unit and a two‑bedroom unit, each with a full kitchen and bathroom
- 1,576 square feet on a 0.09‑acre lot
- Two electric meters and one shared gas meter
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
NOI $23,144 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$293.3K
$256.7K – $342.2K
NOI $20,533 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$377.6K
$330.4K – $440.5K
NOI $26,430 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens and laundry facilities serve the two residences, which share a side entrance.
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: Two residences: a one‑bedroom unit and a two‑bedroom unit, each with a full kitchen and bathroom; 1,576 square feet on a 0.09‑acre lot; Two electric meters and one shared gas meter
