Northwest Baltimore Multi-Unit Home

4504 GARRISON Boulevard Baltimore, MD 21215

Claim this Listing
For Sale
$299,900

MULTI_FAMILY - Colonial - BALTIMORE, MD

Property size:
2,010 SF
Lot size:
0.17 Acres
Price / SF:
$149/SF
Added:
May 9, 2026
Days on Market:
65
Last Refresh:
Jul 12 at 8:06 am

Property Features for 4504 GARRISON Boulevard

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Dining Room
Parking features
On Street, Driveway
Interior features
Wood Floors, Formal/Separate Dining Room
Standard status
Active
Size
2,010 SF
Lot size
0.17 Acres

Taxes and HOA fees

Tax Annual Amount
4751

Utilities

Heating system
Central
Cooling system
Window Unit(s)

Building Details

Year built
1955
Number of units
2
Building materials
Vinyl Siding
Architectural style
Colonial

Listing agent Harold A Kelly License #643252

Listing office ExecuHome Realty 8827 Columbia 100 Parkway unit: 5, Parkville, MD

Listing date May 9, 2026

MLS# MDBA2213868 Listing URL

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.

Located in Northwest Baltimore, this well-maintained two-unit building presents an opportunity for both first-time buyers/investors and seasoned investors. The property offers cash flow potential, with the option to live in one unit and rent the other for profit, or rent both units. Each updated unit features 2 bedrooms and 1 bath, with generous room sizes and hardwood flooring throughout. The apartments offer living spaces that flow into a dining area and kitchen with ample cabinetry and storage. The property provides comfort, privacy, and outdoor space suitable for weekend grilling, pets, or gardening. The location provides access to bus stops, shopping complexes, and universities, as well as Druid Hill Park, the Maryland Zoo, Reisterstown Road Plaza, and Downtown Baltimore. Unit 1 is currently rented for $1451 per month. The property size is 2010 square feet, situated on a lot of 0.1722 acres.

Key Highlights

  • Cashflow opportunity: Potential to rent out both units or live in one and rent the other for profit.
  • Two updated, oversized units, each with 2 bedrooms and 1 bath, featuring generous room sizes and hardwood flooring.
  • Excellent location: Close to bus stops, shopping, universities, Druid Hill Park, Maryland Zoo, Reisterstown Road Plaza, and Downtown Baltimore.

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 $39.8k $19.80
− Vacancy −$2.7k −$1.35
EGI $37.1k $18.45
− OpEx −$11.1k −$5.53
NOI $26.0k $12.91
2,010 SF · lease $19.80/SF/yr · vacancy 6.84% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$370.8K
$324.4K – $432.6K (±1% cap)
NOI $25,953 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$341.2K
$298.5K – $398.1K (±1% cap)
NOI $23,883 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$479.2K
$419.3K – $559.1K (±1% cap)
NOI $33,544 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Skin Care Clinic Law Firm Accounting Firm Acupuncture Kitchen & Bath Showroom HVAC Service Gym & Fitness Center (Bike/Boat/Book/etc) Store Plumbing Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-unit building in Northwest Baltimore with cashflow potential.
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 $299,900.
What are key features of this property?
This property features: Cashflow opportunity: Potential to rent out both units or live in one and rent the other for profit.; Two updated, oversized units, each with 2 bedrooms and 1 bath, featuring generous room sizes and hardwood flooring.; Excellent location: Close to bus stops, shopping, universities, Druid Hill Park, Maryland Zoo, Reisterstown Road Plaza, and Downtown Baltimore.
Contact an agent
More about this property
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