Glen Burnie Income-Producing
412 Broadview Boulevard North Glen Burnie, MD 21061
412 Broadview Boulevard North, Glen Burnie, MD, 21061
$390,000
Pending
For Sale
$390,000
Pending
Income-producing duplex in Glen Burnie with separate utilities.
Property Size1,648 SF
Days on Market61
Property Features for 412 Broadview Boulevard North
General Information
- Standard status
- Pending
- Size
- 1,648 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1930
Listing Agency
Long & Foster Real Estate, Inc.
(410) 812-6936
Listed by
Bob Simon · License #590634
(410) 812-6936
Source
Compass
Added: May 19 Checked: Jul 17 at 3:38 am
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This income-producing duplex is located in Glen Burnie and features two independent units, 412 and 414, with separate utility meters. The property is ideal for investors or buyers interested in house hacking. One unit contains two bedrooms and two full baths, while the other has two bedrooms and one full bath. One unit is tenant occupied at $1600 through November. Situated on a corner lot, the property includes private parking and provides access to major highways I-97 and I-695, facilitating commutes to Baltimore, Fort Meade, and BWI Airport. The roof was replaced in 2021. The property is located in Anne Arundel County and is not within city limits. The school district is ANNE ARUNDEL COUNTY PUBLIC SCHOOLS. The property size is 1648 square feet.
Key Highlights
- Income‑producing duplex with excellent rental footprint, ideal for investors or house hacking.
- Two independent units with separate utility meters.
- No HOA fees.
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 | $36.6k | $22.20 |
| − Vacancy | −$2.4k | −$1.44 |
| EGI | $34.2k | $20.76 |
| − OpEx | −$10.3k | −$6.23 |
| NOI | $23.9k | $14.53 |
1,648 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$342.1K
$299.3K – $399.1K
NOI $23,945 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$317.7K
$278.0K – $370.7K
NOI $22,241 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$482.1K
$421.8K – $562.4K
NOI $33,746 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Income-producing duplex in Glen Burnie with separate utilities.
Where is this duplex located?
The property is located at 412 Broadview Boulevard North Glen Burnie, MD.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Income‑producing duplex with excellent rental footprint, ideal for investors or house hacking.; Two independent units with separate utility meters.; No HOA fees.
