End-of-Row Duplex with Two
501 Baltic Avenue Brooklyn, MD 21225
501 Baltic Avenue, Brooklyn, MD, 21225
$219,999
For Sale
$219,999
End-of-row duplex with a 1-bedroom unit and a 2-bedroom, 1.5-bath unit, each with its own kitchen appliances.
Property Size1,294 SF
Price / SF$170.01
Days on Market63
Property Features for 501 Baltic Avenue
General Information
- Standard status
- Active
- Size
- 1,294 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1945
Listing agency
Cummings & Co. Realtors
(410) 812-5004
Listed by
Renwick G James · License #587100
(410) 812-5004
Source
Compass
Added: May 21 Updated: Jul 21 at 10:19PM Checked: Jul 22 at 7:45AM
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 Cummings & Co. Realtors
Investment Insights
Based on property information with market context.
This end-of-row duplex includes two separate residential units. The first unit features one bedroom and one bathroom, with a living/dining area and kitchen. The second unit offers two bedrooms and 1.5 bathrooms. Both units include their own refrigerator and stove. The property has undergone recent upgrades and is described as 100% occupied.
Tenants pay electricity, while the owner pays for water and sewer. The listing notes proximity to public transportation and convenient access to major roads.
The duplex is located in Baltimore City and is identified as being in city limits, with Baltimore City Public Schools listed as the school district.
Tenants pay electricity, while the owner pays for water and sewer. The listing notes proximity to public transportation and convenient access to major roads.
The duplex is located in Baltimore City and is identified as being in city limits, with Baltimore City Public Schools listed as the school district.
Key Highlights
- End‑of‑row duplex built in 1945 with two separate units: 1 bed, 1 bath and 2 beds, 1.5 baths.
- Each unit has its own kitchen appliances, including a refrigerator and stove.
- Property is currently 100% occupied with tenants who want to stay (subject to lease terms).
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 |
1,294 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$271.5K
$237.5K – $316.7K
NOI $19,003 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$240.8K
$210.7K – $281.0K
NOI $16,859 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$310.0K
$271.3K – $361.7K
NOI $21,700 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - End-of-row duplex with a 1-bedroom unit and a 2-bedroom, 1.5-bath unit, each with its own kitchen appliances.
Where is this duplex located?
The property is located at 501 Baltic Avenue Brooklyn, MD.
What is the asking price?
The asking price for this property is $219,999.
What are key features of this property?
This property features: End‑of‑row duplex built in 1945 with two separate units: 1 bed, 1 bath and 2 beds, 1.5 baths.; Each unit has its own kitchen appliances, including a refrigerator and stove.; Property is currently 100% occupied with tenants who want to stay (subject to lease terms).
