Move-In Ready Two-Unit
For Sale
$250,000
Pending
4167 Fairview Avenue, Baltimore, MD 21216
Two-unit multifamily with updated interiors, including in-unit washer and dryer setups and stainless steel appliances.
Property Size1,648 SF
Days on Market171
Property Features for 4167 Fairview Avenue
General Information
Standard status
Pending
Size
1,648 SF
Property subtype
Multi-Family / Other
Zoning
R-6
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,264
Amenities
No
No Pool
Building Details
Year Built
1926
Tenancy
Multi
Listing Agency:
Midfield Realty
Listed By:
Yaakov Kanevsky · License #MD-5012433
(410) 324-6939
Source:
Compass
Added: May 6
Changed: Oct 14
Last Checked: Oct 20 at 11:53PM
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 Midfield Realty
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Investment Insights
Based on property information with market context.
4167 Fairview Avenue is a well-maintained two-unit multifamily property that has been recently renovated and is move-in ready. Each unit features updated finishes and kitchen upgrades, including stainless steel appliances, white shaker cabinets, and stylish backsplash tile. Both units also include in-unit washer and dryer setups, and the property has newer top compressors.
The property is conveniently located near major commuter routes and public transportation, with easy access to shopping and dining destinations, including Westside Shopping Center and nearby retail along Edmondson Avenue and Security Boulevard.
The asset is positioned for straightforward occupancy as a duplex-style income property with coordinated, updated unit interiors throughout.
The property is conveniently located near major commuter routes and public transportation, with easy access to shopping and dining destinations, including Westside Shopping Center and nearby retail along Edmondson Avenue and Security Boulevard.
The asset is positioned for straightforward occupancy as a duplex-style income property with coordinated, updated unit interiors throughout.
Key Highlights
- 2‑unit multifamily built in 1926
- Updated interiors in both units with stainless steel appliances
- White shaker cabinets and backsplash tile in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,471
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,420
$429.4K
Cap Rate 7%
$306,729
$306.7K
Cap Rate 9%
$238,567
$238.6K
Market Conditions
NOI Build-Up for 1,648 SF
Gross rent
$41.5K $25.20/SF
− Vacancy
−$2.5K −$1.51/SF
EGI
$39.0K $23.69/SF
− OpEx
−$17.6K −$10.66/SF
NOI
$21.5K $13.03/SF
Area
Baltimore, MD
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,420
Cap Rate 7%
$306,729
Cap Rate 9%
$238,567
Alternative Uses
Best Use
Multifamily LT 5
$345.7K
$302.5K – $403.4K
NOI $24,201 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$306.7K
$268.4K – $357.9K
NOI $21,471 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$394.8K
$345.5K – $460.6K
NOI $27,637 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
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Business Placement
Demographics for 21216, MD
27,729
Population
15,613
Households
1.8
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
3.3 sq mi
ZIP Area
8,403
Density / Sq Mi
$46,440
Median Household Income
$36,634
Median Earnings
$1,160
Median Rent
$148,800
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-unit multifamily with updated interiors, including in-unit washer and dryer setups and stainless steel appliances.
Where is this duplex located?
The property is located at 4167 Fairview Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2‑unit multifamily built in 1926; Updated interiors in both units with stainless steel appliances; White shaker cabinets and backsplash tile in both units
