Move-In Ready Two-Unit
For Sale
Contact for pricing
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 Market100
Property Features for 4167 Fairview Avenue
General Information
Standard status
Pending
Size
1,648 SF
Property subtype
Multifamily
Zoning
R-6
Additional Details
Multifamily Units
2
Building Details
Year Built
1926
Year Renovated
2026
Buildings
1
Tenancy
Multi
Listing Agency:
Midfield Realty
(410) 498-5408
Listed By:
Yaakov Kanevsky · License #MD-5012433
Source:
Crexi
Added: May 6
Changed: Aug 11
Last Checked: Aug 10 at 3:39PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,471
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
