400 N PATTERSON PARK Avenue Baltimore, MD 21231
MULTI_FAMILY - Federal - BALTIMORE, MD
Property Features for 400 N PATTERSON PARK Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- 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
- 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 agent Christopher J Cooke License #596183 (443) 802-2728
Listing office Berkshire Hathaway HomeServices Homesale Realty 3500 Boston Street unit: Suite C, Lancaster, MD (410) 814-2400
Listing date May 29, 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 property is located at 400 N Patterson Park Avenue in Baltimore, MD 21231. It is positioned just moments from Patterson Park, with close proximity to Johns Hopkins Hospital and the Medical Campus.
The duplex configuration and turnkey renovation make it well suited for owner-occupants and investors seeking a two-unit setup. With both units updated to include a brand-new roof, new windows, HVAC systems, plumbing, and electrical, the property is designed for lower near-term maintenance while maintaining two distinct residences for rental or live-in use.
Key Highlights
- End‑of‑group duplex with over 2,800 sq. ft. of finished living space
- Two units with 3 bedrooms and 3.5 bathrooms each
- Separately metered for convenience and efficiency
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 | $65.0k | $22.20 |
| − Vacancy | −$3.6k | −$1.22 |
| EGI | $61.4k | $20.98 |
| − OpEx | −$18.4k | −$6.29 |
| NOI | $43.0k | $14.69 |
