Duplex with Fully Separated
For Sale
$370,000
4409 LEEDS, Baltimore, MD 21229
MULTI_FAMILY - Colonial - BALTIMORE, MD
Property Size1,450 SF
Lot Size0.22 Acres
Price / SF$255.17
Days on Market53
Property Features for 4409 LEEDS
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
5
Parking features
Driveway, Garage - Detached
Elementary school district
BALTIMORE COUNTY PUBLIC SCHOOLS
Middle school district
BALTIMORE COUNTY PUBLIC SCHOOLS
High school district
BALTIMORE COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
1,450 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
2652
Utilities
Heating system
Other (Heating)
Building Details
Year built
1924
Number of units
1
Building materials
Stucco
Architectural style
Colonial
Listing Agency:
Hyatt & Company Real Estate, LLC
(410) 705-6295
Listed By:
Jeffrey Choyce Sr. · License #647498
(410) 340-1841
Added: Jun 10
Changed: Jul 12
Last Checked: Aug 1 at 10:06AM
MLS# MDBC2164396
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.
This duplex in Baltimore, MD offers two registered rental units with fully separated utilities. The first-floor unit is configured as 1 bedroom and 1 bathroom, while the second-floor unit features 2 bedrooms and 1 bathroom. Property size is listed at 1,450 square feet, and the available photos are from the second-floor unit only.
The property is identified under commercial zoning BL. Located at 4409 Leeds in the 21229 ZIP code area, the offering includes a small lot size of 0.2238 acres.
For buyers evaluating a rental setup with clear unit separation, this floor-by-floor layout provides distinct 1st- and 2nd-level accommodations under one duplex structure.
The property is identified under commercial zoning BL. Located at 4409 Leeds in the 21229 ZIP code area, the offering includes a small lot size of 0.2238 acres.
For buyers evaluating a rental setup with clear unit separation, this floor-by-floor layout provides distinct 1st- and 2nd-level accommodations under one duplex structure.
Key Highlights
- Commercial zoning BL with 2 registered rental units
- Year built 1924 Colonial‑style building with stucco exterior
- 1st floor unit: 1 bedroom, 1 bath; 2nd floor unit: 2 bedrooms, 1 bath
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
Explore this area
Business Placement
Demographics for 21229, MD
43,464
Population
20,653
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
89%
High-School Grad
5.9 sq mi
ZIP Area
7,367
Density / Sq Mi
$55,457
Median Household Income
$40,627
Median Earnings
$1,210
Median Rent
$184,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two registered rental units include a first-floor 1 bed/1 bath and a second-floor 2 bed/1 bath.
Where is this duplex located?
The property is located at 4409 LEEDS 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: Commercial zoning BL with 2 registered rental units; Year built 1924 Colonial‑style building with stucco exterior; 1st floor unit: 1 bedroom, 1 bath; 2nd floor unit: 2 bedrooms, 1 bath
