Fully Renovated Two-Unit
For Sale
$240,000
5247 NELSON AVENUE, Baltimore, MD 21215
Renovated two 2-bedroom units with finished kitchens and a spacious backyard, move-in ready as a residential income property.
Property Size1,750 SF
Days on Market73
Property Features for 5247 NELSON AVENUE
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$738
Building Details
Building Size
1,750 SF
Year Built
1945
Listing Agency:
R.E. Shilow Realty Investors, Inc.
Listed By:
Cydni M Gilliam · License #5016780
(410) 824-5414
Source:
Thehulsmangroup
Added: Jul 26
Changed: Oct 3
Last Checked: Oct 4 at 4:13PM
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 R.E. Shilow Realty Investors, Inc.
Investment Insights
Based on property information with market context.
This fully renovated two-unit single-family property offers two separate 2-bedroom units. Each unit includes a fully finished kitchen, along with renovations throughout, and the property is described as move-in ready.
The home also features a spacious backyard, providing outdoor space for the residents.
As a duplex-style residential income property, the layout supports two independent units, making it suitable for buyers looking for a low-maintenance, rental-oriented asset.
The home also features a spacious backyard, providing outdoor space for the residents.
As a duplex-style residential income property, the layout supports two independent units, making it suitable for buyers looking for a low-maintenance, rental-oriented asset.
Key Highlights
- Fully renovated two‑unit single‑family property with a 1945 year built
- Two 2‑bedroom units, each with a fully finished kitchen
- Renovations throughout for move‑in ready residential income use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,794
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,880
$415.9K
Cap Rate 7%
$297,057
$297.1K
Cap Rate 9%
$231,044
$231.0K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$40.7K $23.28/SF
− Vacancy
−$2.9K −$1.68/SF
EGI
$37.8K $21.60/SF
− OpEx
−$17.0K −$9.72/SF
NOI
$20.8K $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 Rate 5%
$415,880
Cap Rate 7%
$297,057
Cap Rate 9%
$231,044
Alternative Uses
Best Use
Multifamily LT 5
$322.8K
$282.5K – $376.6K
NOI $22,596 @ 7.0% cap · market cap 9.42%
Second Best
Apartment 5plus
$297.1K
$259.9K – $346.6K
NOI $20,794 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$417.2K
$365.1K – $486.8K
NOI $29,205 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,312
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated two 2-bedroom units with finished kitchens and a spacious backyard, move-in ready as a residential income property.
Where is this duplex located?
The property is located at 5247 NELSON AVENUE Baltimore, MD.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Fully renovated two‑unit single‑family property with a 1945 year built; Two 2‑bedroom units, each with a fully finished kitchen; Renovations throughout for move‑in ready residential income use
