501 BALTIC Avenue, Brooklyn, MD 21225
- Added:
- Jun 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 9 at 12:06 am
Property Features for 501 BALTIC Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Appliances
- Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer
- Standard status
- Active
- Size
- 1,294 SF
Taxes and HOA fees
- Tax Annual Amount
- 2520
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1945
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Federal
Listing agent Renwick G James License #587100 (410) 812-5004
Listing office Cummings & Co. Realtors 2314 Boston Street, Baltimore, MD (410) 823-0033
Listing date Jun 8, 2026
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.
HighLights
- Fully tenanted end‑of‑group multi‑family property with both units having new leases
- Unit mix: one 1 bed, 1 bath unit and one 2 bed, 1 bath unit
- Brick Federal‑style home built in 1945 with forced‑air heating and window unit A/C
- Includes in‑unit appliances: dishwasher, microwave, refrigerator, washer, dryer, and disposal
- On‑street parking
- Easy access to I‑895, I‑95, I‑695, MD Rte 100, and MD Rte 40; close to a fire station, major churches, and convenient stores
Overview
The property is located at 501 Baltic Avenue in Brooklyn, MD 21225 (Baltimore City). The listing notes convenient access for commuters to major highways and roadways, including I-895, I-95, I-695, Route 100, and Route 40, as well as bus or commuter rail options. It is also described as being close to a fire station, major churches, and convenient stores.
Because the property is currently occupied, showings require scheduling and management, with agent accompaniment for confirmed appointments. For investors or buyers seeking income-producing housing, the two-unit configuration and newly executed tenant leases may support continuity of operations.
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 | $28.7k | $22.20 |
| − Vacancy | −$1.6k | −$1.22 |
| EGI | $27.1k | $20.98 |
| − OpEx | −$8.1k | −$6.29 |
| NOI | $19.0k | $14.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.60207
- Latitude
- 39.23991
