Renovated Duplex With Updated
New
For Sale
$269,990
6101 CHINQUAPIN Parkway, Baltimore, MD 21239
MULTI_FAMILY - Other - BALTIMORE, MD
Property Size1,796 SF
Lot Size0.08 Acres
Price / SF$150.33
Days on Market1
Property Features for 6101 CHINQUAPIN Parkway
General Information
Property type
Residential Multi Family
Property subtype
Duplex
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
1,796 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
2727
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
energy efficient appliances
unfinished basement
storage units
central air conditioning
Building Details
Year built
1948
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Bennett Realty Solutions
(301) 459-5040
Listed By:
Yannik Cudjoe-Virgil · License #0672824
(240) 847-4605
Added: Aug 15
Last Checked: Aug 15 at 4:06AM
MLS# MDBA2227586
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 brick duplex contains two recently renovated apartments, each arranged with two bedrooms and one bathroom. Both units include energy-efficient stoves, microwaves, refrigerators, and dishwashers. An unfinished basement is accessible from both apartments and provides storage space. Forced-air heating and central air conditioning serve the property, with central A/C systems installed in 2022 for Unit 1 and 2023 for Unit 2.
The upper apartment is occupied with voucher-supported rent of $1,312, while the first-floor apartment is vacant. Each unit has a newer 100 AMPS electrical panel. A roof replacement was completed in 2025. Built in 1948, the property sits on a 0.0814-acre lot in Baltimore, Maryland, and offers a configuration suited to an owner occupant or a two-unit rental strategy.
The upper apartment is occupied with voucher-supported rent of $1,312, while the first-floor apartment is vacant. Each unit has a newer 100 AMPS electrical panel. A roof replacement was completed in 2025. Built in 1948, the property sits on a 0.0814-acre lot in Baltimore, Maryland, and offers a configuration suited to an owner occupant or a two-unit rental strategy.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units, each recently renovated
- Upper unit occupied with $1,312 paid 100% by voucher; first‑floor unit is vacant
- Central A/C systems installed in 2022 for Unit 1 and 2023 for Unit 2
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
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 renovated residential units offer flexible owner-occupant or rental use with separate central air systems.
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 2‑bedroom, 1‑bathroom units, each recently renovated; Upper unit occupied with $1,312 paid 100% by voucher; first‑floor unit is vacant; Central A/C systems installed in 2022 for Unit 1 and 2023 for Unit 2
