Two-Unit Duplex with
For Sale
$225,000
Pending
5808 THE ALAMEDA, Baltimore, MD 21239
Two matching apartments support an owner-occupant or rental-income configuration.
Property Size1,452 SF
Days on Market52
Property Features for 5808 THE ALAMEDA
General Information
Standard status
Pending
Size
1,452 SF
Property subtype
Duplex
Site & Location
Neighborhood
Glen Oaks
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,612
Building Details
Building Size
1,452 SF
Year Built
1948
Listing Agency:
I-Agent Realty Incorporated
Listed By:
Angelarose M DeLuca · License #616412
(410) 499-1246
Source:
Thehulsmangroup
Added: Sep 11
Changed: Oct 31
Last Checked: Oct 30 at 9:50PM
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 I-Agent Realty Incorporated
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Investment Insights
Based on property information with market context.
Built in 1948, this duplex contains two separate apartments, each with 2 bedrooms and 1 bathroom. The property also includes a shared unfinished basement that provides additional storage area and space for future improvement.
Located at 5808 The Alameda in Baltimore, Maryland, the building offers a straightforward two-unit residential layout. The configuration can accommodate an owner-occupant arrangement with one apartment retained for rental use, or operation as a two-unit income property.
Located at 5808 The Alameda in Baltimore, Maryland, the building offers a straightforward two-unit residential layout. The configuration can accommodate an owner-occupant arrangement with one apartment retained for rental use, or operation as a two-unit income property.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Shared unfinished basement for storage or future improvement
- Built in 1948
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,917
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,340
$378.3K
Cap Rate 7%
$270,243
$270.2K
Cap Rate 9%
$210,189
$210.2K
Market Conditions
NOI Build-Up for 1,452 SF
Gross rent
$36.6K $25.20/SF
− Vacancy
−$2.2K −$1.51/SF
EGI
$34.4K $23.69/SF
− OpEx
−$15.5K −$10.66/SF
NOI
$18.9K $13.03/SF
Area
Baltimore, MD
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,340
Cap Rate 7%
$270,243
Cap Rate 9%
$210,189
Alternative Uses
Best Use
Multifamily LT 5
$304.6K
$266.5K – $355.4K
NOI $21,323 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$270.2K
$236.5K – $315.3K
NOI $18,917 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$347.9K
$304.4K – $405.8K
NOI $24,350 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
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Business Placement
Demographics for 21239, MD
26,605
Population
12,621
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
93%
High-School Grad
2.9 sq mi
ZIP Area
9,174
Density / Sq Mi
$64,288
Median Household Income
$48,424
Median Earnings
$1,337
Median Rent
$191,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching apartments support an owner-occupant or rental-income configuration.
Where is this duplex located?
The property is located at 5808 THE ALAMEDA Baltimore, MD.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Shared unfinished basement for storage or future improvement; Built in 1948
