Fully Renovated Two-Unit
For Sale
$275,000
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
Price / SF$157.14
Days on Market10
Property Features for 5247 NELSON AVENUE
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1945
Listing Agency:
R.E. Shilow Realty Investors, Inc.
(410) 824-5414
Listed By:
Cydni M Gilliam · License #5016780
(410) 824-5414
Source:
Cummingsrealtors
Added: Jul 23
Changed: Jul 27
Last Checked: Aug 1 at 5:38AM
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 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 | $34.7k | $19.80 |
| − Vacancy | −$2.4k | −$1.35 |
| EGI | $32.3k | $18.45 |
| − OpEx | −$9.7k | −$5.53 |
| NOI | $22.6k | $12.91 |
1,750 SF · lease $19.80/SF/yr · vacancy 6.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$322.8K
$282.5K – $376.6K
NOI $22,596 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$297.1K
$259.9K – $346.6K
NOI $20,794 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$417.2K
$365.1K – $486.8K
NOI $29,205 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property 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
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 - 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 $275,000.
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
