Tenant-Occupied
For Sale
$175,000
5119 ARBUTUS AVENUE, Baltimore, MD 21215
Finished basement space extends the ground-floor unit, with public water and sewer service.
Property Size1,250 SF
Price / SF$140
Days on Market12
Property Features for 5119 ARBUTUS AVENUE
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,300
Building Details
Building Size
1,250 SF
Year Built
1940
Listing Agency:
LPT Realty, LLC
(443) 454-5322
Listed By:
Elizabeth Keyser · License #5014961
(443) 454-5322
Source:
Thehulsmangroup
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 31 at 12:42AM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This legal duplex in Baltimore provides approximately 1,250 above-grade square feet, configured with 4 bedrooms and 3 full bathrooms. The finished basement is incorporated into the ground-floor unit, adding usable interior space. Public water and sewer serve the property, and central HVAC infrastructure is in place, although the current tenants use window units.
Built in 1940, the property is tenant occupied and offered strictly as-is. Rent roll and lease information are available to qualified buyers upon request. The two-unit configuration and existing occupancy provide a defined residential income-property format for an investor evaluating the asset.
Built in 1940, the property is tenant occupied and offered strictly as-is. Rent roll and lease information are available to qualified buyers upon request. The two-unit configuration and existing occupancy provide a defined residential income-property format for an investor evaluating the asset.
Key Highlights
- Legal duplex with approximately 1,250 above‑grade square feet
- 4 bedrooms and 3 full bathrooms
- Finished basement incorporated into the ground‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,853
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$297,060
$297.1K
Cap Rate 7%
$212,186
$212.2K
Cap Rate 9%
$165,033
$165.0K
Market Conditions
NOI Build-Up for 1,250 SF
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.
Gross rent
$29.1K $23.28/SF
− Vacancy
−$2.1K −$1.68/SF
EGI
$27.0K $21.60/SF
− OpEx
−$12.2K −$9.72/SF
NOI
$14.9K $11.88/SF
Area
ZIP 21215
Vacancy
7.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$297,060
Cap Rate 7%
$212,186
Cap Rate 9%
$165,033
Alternative Uses
Best Use
Multifamily LT 5
$230.6K
$201.8K – $269.0K
NOI $16,140 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$212.2K
$185.7K – $247.6K
NOI $14,853 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$298.0K
$260.8K – $347.7K
NOI $20,861 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,230
Businesses Nearby
Explore this area
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
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 - Finished basement space extends the ground-floor unit, with public water and sewer service.
Where is this duplex located?
The property is located at 5119 ARBUTUS AVENUE Baltimore, MD.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Legal duplex with approximately 1,250 above‑grade square feet; 4 bedrooms and 3 full bathrooms; Finished basement incorporated into the ground‑floor unit
