Renovated Duplex with Two
For Sale
$499,900
400 N PATTERSON PARK Avenue, Baltimore, MD 21231
Multi-Family, BALTIMORE, MD
Property Size2,929 SF
Price / SF$170.67
Days on Market141
Property Features for 400 N PATTERSON PARK Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Interior features
2nd Kitchen, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Kitchen - Gourmet, Primary Bath(s), Upgraded Countertops, Wood Floors
Appliances
Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Dishwasher, Microwave, Disposal, Dryer, Washer
Subdivision
PATTERSON PARK
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
2,929 SF
Taxes and HOA fees
Tax Annual Amount
13483
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1910
Number of units
2
Building materials
Brick
Architectural style
Federal
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(410) 814-2400
Listed By:
Christopher J Cooke · License #596183
(443) 802-2728
Added: May 29
Changed: Sep 16
Last Checked: Oct 16 at 6:06AM
MLS# MDBA2214298
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.
This 2,929-square-foot duplex at 400 N Patterson Park Avenue contains two 3-bedroom, 3.5-bath residences, each with spacious interiors and bedrooms arranged across separate levels. The property has undergone extensive updates, including a new roof, windows, HVAC systems, plumbing, and electrical service. Interior features include wood flooring, quartz kitchen countertops, custom cabinetry, stainless steel appliances, and contemporary bathroom fixtures. The residences are separately metered, and one includes a second kitchen.
The property is located near Patterson Park and Johns Hopkins Hospital and Medical Campus in Baltimore’s 21231 ZIP code. Central air, ceiling fans, electric ranges, refrigerators, dishwashers, microwaves, disposals, washers, and dryers are included. Originally built in 1910, the brick building has Federal architectural styling and a basement.
The property is located near Patterson Park and Johns Hopkins Hospital and Medical Campus in Baltimore’s 21231 ZIP code. Central air, ceiling fans, electric ranges, refrigerators, dishwashers, microwaves, disposals, washers, and dryers are included. Originally built in 1910, the brick building has Federal architectural styling and a basement.
Key Highlights
- Two 3‑bedroom, 3.5‑bath residences within a 2,929‑square‑foot duplex
- Extensive updates include roof, windows, HVAC, plumbing, and electrical systems
- Separately metered units support independent utility management
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,013
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,260
$860.3K
Cap Rate 7%
$614,471
$614.5K
Cap Rate 9%
$477,922
$477.9K
Market Conditions
NOI Build-Up for 2,929 SF
Gross rent
$65.0K $22.20/SF
− Vacancy
−$3.6K −$1.22/SF
EGI
$61.4K $20.98/SF
− OpEx
−$18.4K −$6.29/SF
NOI
$43.0K $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%
$860,260
Cap Rate 7%
$614,471
Cap Rate 9%
$477,922
Alternative Uses
Best Use
Multifamily LT 5
$614.5K
$537.7K – $716.9K
NOI $43,013 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$545.1K
$477.0K – $636.0K
NOI $38,160 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$701.7K
$614.0K – $818.7K
NOI $49,119 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,593
Businesses Nearby
Explore this area
Business Placement
Demographics for 21231, MD
17,062
Population
9,342
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
18,958
Density / Sq Mi
$85,382
Median Household Income
$67,289
Median Earnings
$1,710
Median Rent
$336,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences feature updated finishes, flexible layouts, and convenient access to Patterson Park and Johns Hopkins.
Where is this duplex located?
The property is located at 400 N PATTERSON PARK Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two 3‑bedroom, 3.5‑bath residences within a 2,929‑square‑foot duplex; Extensive updates include roof, windows, HVAC, plumbing, and electrical systems; Separately metered units support independent utility management
