Turnkey Two-Unit Income
For Sale
$219,900
513 North Schroeder Street, Baltimore, MD 21223
Turnkey duplex with central air in both units and tenant-paid utilities for predictable operating costs.
Property SizeContact for details
Days on Market137
Property Features for 513 North Schroeder Street
General Information
Standard status
Active
Property subtype
Multi-Family / Fee Simple
Zoning
R-8
Additional Details
Cap Rate
10%
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,035
Amenities
No
No Pool
Building Details
Year Built
1920
Listing Agency:
Samson Properties
Listed By:
John E Rawlings · License #679690
(410) 350-9833
Source:
Compass
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 21 at 10:55PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This turnkey two-unit income property features separate 3-bedroom and 1-bedroom residences. Each unit is equipped with central air, and the tenants pay their own utilities. The current rent roll is described as approximately $1,600 per month for the 3-bedroom unit and approximately $1,000 per month for the 1-bedroom unit, for a combined projected gross income of about $2,600 per month.
The property is located in Baltimore City, within city limits. The school district is Baltimore City Public Schools.
With separate units, the configuration provides independent living spaces while maintaining the simplicity of a two-unit ownership structure.
The property is located in Baltimore City, within city limits. The school district is Baltimore City Public Schools.
With separate units, the configuration provides independent living spaces while maintaining the simplicity of a two-unit ownership structure.
Key Highlights
- 2‑unit income property in Baltimore City (in city limits), built in 1920
- 3‑bedroom unit with approx. $1,600/month market rent (projected gross income)
- 1‑bedroom unit with approx. $1,000/month rent (projected gross income)
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 21223, MD
20,438
Population
13,034
Households
1.6
Avg Household Size
37
Median Age
12%
College-Educated
75%
High-School Grad
2.6 sq mi
ZIP Area
7,861
Density / Sq Mi
$41,828
Median Household Income
$33,367
Median Earnings
$1,110
Median Rent
$93,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Turnkey duplex with central air in both units and tenant-paid utilities for predictable operating costs.
Where is this duplex located?
The property is located at 513 North Schroeder Street Baltimore, MD.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: 2‑unit income property in Baltimore City (in city limits), built in 1920; 3‑bedroom unit with approx. $1,600/month market rent (projected gross income); 1‑bedroom unit with approx. $1,000/month rent (projected gross income)
