Renovated Duplex with
For Sale
$269,990
6101 CHINQUAPIN PARKWAY, Baltimore, MD 21239
Two matching residential units provide flexible owner-occupant or rental use, with one unit currently vacant.
Property Size1,796 SF
Days on Market19
Property Features for 6101 CHINQUAPIN PARKWAY
General Information
Standard status
Active
Size
1,796 SF
Property subtype
Duplex
Occupancy
50%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,727
Amenities
Energy Efficient Appliances
Central A/C
Unfinished Basement
Building Details
Building Size
1,796 SF
Year Built
1948
Buildings
1
Tenancy
Single
Listing Agency:
Bennett Realty Solutions
(240) 847-4605
Listed By:
Yannik Cudjoe-Virgil · License #0672824
(240) 847-4605
Source:
Thehulsmangroup
Added: Aug 12
Changed: Aug 29
Last Checked: Aug 29 at 4:26PM
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 Bennett Realty Solutions
Investment Insights
Based on property information with market context.
This 1948 duplex contains two recently renovated residential units, each configured with two bedrooms and one bathroom. Both units feature energy-efficient appliances, including a stove, microwave, refrigerator, and dishwasher. An unfinished basement is accessible from both units and includes storage areas. Central air-conditioning systems were added in 2022 for Unit 1 and 2023 for Unit 2, while each unit has a newer 100 AMP electrical panel. The roof was replaced in 2025.
The second-floor unit is occupied under a voucher arrangement, while the first-floor unit is vacant. Located at 6101 Chinquapin Parkway in Baltimore, Maryland, the property offers separate residential spaces with shared basement access and a configuration suited to either owner occupancy or rental use.
The second-floor unit is occupied under a voucher arrangement, while the first-floor unit is vacant. Located at 6101 Chinquapin Parkway in Baltimore, Maryland, the property offers separate residential spaces with shared basement access and a configuration suited to either owner occupancy or rental use.
Key Highlights
- Two‑unit duplex at 6101 Chinquapin Parkway, Baltimore, MD 21239
- Both units offer 2 bedrooms and 1 bathroom
- Recently renovated units include stove, microwave, refrigerator, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,399
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 9.77%
Second Best
Apartment 5plus
$334.3K
$292.5K – $390.0K
NOI $23,399 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$430.3K
$376.5K – $502.0K
NOI $30,119 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
Explore this area
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
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 - Two matching residential units provide flexible owner-occupant or rental use, with one unit currently vacant.
Where is this duplex located?
The property is located at 6101 CHINQUAPIN PARKWAY Baltimore, MD.
What is the asking price?
The asking price for this property is $269,990.
What are key features of this property?
This property features: Two‑unit duplex at 6101 Chinquapin Parkway, Baltimore, MD 21239; Both units offer 2 bedrooms and 1 bathroom; Recently renovated units include stove, microwave, refrigerator, and dishwasher
