Duplex with Two Registered
4409 Leeds Avenue Baltimore, MD 21229
4409 Leeds Avenue, Baltimore, MD, 21229
$370,000
For Sale
$370,000
Duplex under commercial zoning BL with two registered rental units, scheduled to be active on or before 6/10/26.
Property Size1,450 SF
Price / SF$255.17
Days on Market68
Property Features for 4409 Leeds Avenue
General Information
- Standard status
- Active
- Size
- 1,450 SF
- Property subtype
- Multi-Family / Ground Rent
Building Details
- Year Built
- 1924
Listing agency
Hyatt & Company Real Estate, LLC
(410) 340-1841
Listed by
Jeffrey Choyce Sr. · License #647498
(410) 340-1841
Source
Compass
Added: May 16 Updated: Jul 10 at 1:53PM Checked: Jul 21 at 6:20AM
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 Hyatt & Company Real Estate, LLC
Investment Insights
Based on property information with market context.
This for-sale duplex is listed with commercial zoning BL and includes 2 registered rental units. The offering is noted as scheduled to be active on or before 6/10/26, supporting a defined timeline for occupancy and next steps.
The property is located at 4409 Leeds Avenue in Baltimore County, Maryland, outside city limits. The listing identifies the school district as Baltimore County Public Schools (County ID: 121140087473).
For tenants and investors, the appeal is the straightforward income setup: two registered units within a duplex configuration, with commercial zoning noted in the listing details. The defined activation date can also be important for planning leases, operations, and closing logistics. Buyers should confirm all terms, registration status, and any zoning-related questions directly during their due diligence, including what the commercial zoning BL designation means for the specific use and any prospective changes.
The property is located at 4409 Leeds Avenue in Baltimore County, Maryland, outside city limits. The listing identifies the school district as Baltimore County Public Schools (County ID: 121140087473).
For tenants and investors, the appeal is the straightforward income setup: two registered units within a duplex configuration, with commercial zoning noted in the listing details. The defined activation date can also be important for planning leases, operations, and closing logistics. Buyers should confirm all terms, registration status, and any zoning-related questions directly during their due diligence, including what the commercial zoning BL designation means for the specific use and any prospective changes.
Key Highlights
- Duplex under commercial zoning BL with 2 registered rental units
- Year built: 1924
- Scheduled to be active on or before 6/10/26
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 | $31.3k | $21.60 |
| − Vacancy | −$2.0k | −$1.40 |
| EGI | $29.3k | $20.20 |
| − OpEx | −$8.8k | −$6.06 |
| NOI | $20.5k | $14.14 |
1,450 SF · lease $21.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.8K
$256.2K – $341.7K
NOI $20,499 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$269.9K
$236.1K – $314.9K
NOI $18,891 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$345.7K
$302.5K – $403.3K
NOI $24,199 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex under commercial zoning BL with two registered rental units, scheduled to be active on or before 6/10/26.
Where is this duplex located?
The property is located at 4409 Leeds Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Duplex under commercial zoning BL with 2 registered rental units; Year built: 1924; Scheduled to be active on or before 6/10/26
