Renovated Two-Unit
For Sale
$240,000
5247 NELSON Avenue, Baltimore, MD 21215
Multi-Family, BALTIMORE, MD
Property Size1,750 SF
Lot Size0.08 Acres
Price / SF$137.14
Days on Market59
Property Features for 5247 NELSON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Appliances
Stove, Built-In Microwave, Washer/Dryer Stacked
Subdivision
NONE AVAILABLE
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Size
1,750 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
738
Utilities
Heating system
Central
Cooling system
Ductless
Building Details
Year built
1945
Number of units
2
Building materials
Aluminum Siding, Shingle Siding, Wood Siding
Listing Agency:
R.E. Shilow Realty Investors, Inc.
(443) 602-9900
Listed By:
Cydni M Gilliam · License #5016780
(410) 824-5414
Added: Aug 8
Changed: Sep 18
Last Checked: Oct 5 at 7:06PM
MLS# MDBA2225028
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,750 square feet and was built in 1945. Each residence offers two bedrooms, a finished kitchen, and interior updates that include new flooring, appliances, and fresh paint. A basement is also included. Separate utility meters, electrical panels, and water heaters serve the individual units, while central heating and ductless cooling support the property.
The property occupies 0.08 acres at 5247 Nelson Avenue in Baltimore, Maryland. On-street parking is available, and the building features aluminum, shingle, and wood siding. The configuration provides two distinct residential units within a single multifamily property.
The property occupies 0.08 acres at 5247 Nelson Avenue in Baltimore, Maryland. On-street parking is available, and the building features aluminum, shingle, and wood siding. The configuration provides two distinct residential units within a single multifamily property.
Key Highlights
- Two‑unit duplex with 1,750 square feet
- Each unit has two bedrooms and a finished kitchen
- Renovations include new flooring, appliances, and fresh paint
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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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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with separately metered systems and completed interior improvements.
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: Two‑unit duplex with 1,750 square feet; Each unit has two bedrooms and a finished kitchen; Renovations include new flooring, appliances, and fresh paint
