Detached
4504 GARRISON Boulevard, Baltimore, MD 21215
For Sale
New
$287,000
Multi-Family, BALTIMORE, MD
Property Size2,000 SF
Lot Size0.17 Acres
Price / SF$143.50
Days on Market1
Property Features for 4504 GARRISON Boulevard
General Information
Property type
Property subtype
Rooms
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(410) 740-7100
Listed By:
Diran Balogun · License MD #5003202
(240) 630-5275
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# MDBA2237502
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.
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Investment Insights
Based on property information with market context.
Built in 1955, this detached duplex contains two residences totaling 2,000 square feet. Each unit offers two bedrooms and one-and-a-half baths, with hardwood floors and a living room connected to the dining area and kitchen. The ground-floor unit includes a basement of approximately 750 square feet with laundry facilities; the washer and dryer are included. The property also has a private yard and on-street parking.
The 0.1722-acre lot is on Garrison Boulevard in Baltimore. Bus service, shopping, and area universities are described as minutes away. One unit is leased, while the second is vacant.
The 0.1722-acre lot is on Garrison Boulevard in Baltimore. Bus service, shopping, and area universities are described as minutes away. One unit is leased, while the second is vacant.
Key Highlights
- Detached duplex with two units, each offering 2 bedrooms and 1.5 baths
- 2,000 square feet of total living area
- 0.1722‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,824
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,480
$516.5K
Cap Rate 7%
$368,914
$368.9K
Cap Rate 9%
$286,933
$286.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$39.6K $19.80/SF
− Vacancy
−$2.7K −$1.35/SF
EGI
$36.9K $18.45/SF
− OpEx
−$11.1K −$5.53/SF
NOI
$25.8K $12.91/SF
Area
ZIP 21215
Vacancy
6.84%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,480
Cap Rate 7%
$368,914
Cap Rate 9%
$286,933
Alternative Uses
Best Use
Multifamily LT 5
$368.9K
$322.8K – $430.4K
NOI $25,824 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$339.5K
$297.1K – $396.1K
NOI $23,764 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$476.8K
$417.2K – $556.3K
NOI $33,377 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
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Business Placement
Demographics for 21215, MD
54,198
Population
24,876
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
84%
High-School Grad
6.8 sq mi
ZIP Area
7,970
Density / Sq Mi
$47,606
Median Household Income
$37,670
Median Earnings
$1,177
Median Rent
$189,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Baltimore, MD
Properties on Market for Duplexes in Baltimore
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence contains two bedrooms and one-and-a-half baths.
Where is this duplex located?
The property is located at 4504 GARRISON Boulevard Baltimore, MD.
What is the asking price?
The asking price for this property is $287,000.
What are key features of this property?
This property features: Detached duplex with two units, each offering 2 bedrooms and 1.5 baths; 2,000 square feet of total living area; 0.1722‑acre lot
