Duplex with Unfinished
New
For Sale
$269,000
5815 CHINQUAPIN PARKWAY, Baltimore, MD 21239
Two matching apartments provide a straightforward residential layout in Baltimore.
Property Size1,796 SF
Days on Market3
Property Features for 5815 CHINQUAPIN PARKWAY
General Information
Standard status
Active
Size
1,796 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,183
Building Details
Building Size
1,796 SF
Year Built
1949
Listing Agency:
I-Agent Realty Incorporated
Listed By:
Angelarose M DeLuca · License #616412
(410) 499-1246
Source:
Thehulsmangroup
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 1:18AM
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.
This 1,796-square-foot duplex in Baltimore contains two apartments, each configured with two bedrooms and one bathroom. A shared unfinished basement provides additional storage space. The property was built in 1949.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,796‑square‑foot duplex
- Shared unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,399
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,980
$468.0K
Cap Rate 7%
$334,271
$334.3K
Cap Rate 9%
$259,989
$260.0K
Market Conditions
NOI Build-Up for 1,796 SF
Gross rent
$45.3K $25.20/SF
− Vacancy
−$2.7K −$1.51/SF
EGI
$42.5K $23.69/SF
− OpEx
−$19.1K −$10.66/SF
NOI
$23.4K $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%
$467,980
Cap Rate 7%
$334,271
Cap Rate 9%
$259,989
Alternative Uses
Best Use
Multifamily LT 5
$376.8K
$329.7K – $439.6K
NOI $26,375 @ 7.0% cap · market cap 9.80%
Second Best
Apartment 5plus
$334.3K
$292.5K – $390.0K
NOI $23,399 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$430.3K
$376.5K – $502.0K
NOI $30,119 @ 7.0% cap · market cap 11.20%
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
899
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 provide a straightforward residential layout in Baltimore.
Where is this duplex located?
The property is located at 5815 CHINQUAPIN PARKWAY Baltimore, MD.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,796‑square‑foot duplex; Shared unfinished basement
