Renovated
For Sale
$304,900
6125 MACBETH DRIVE, Baltimore, MD 21239
Two separately metered units feature updated kitchens, new AC systems, and appliances.
Property Size1,796 SF
Price / SF$169.77
Days on Market8
Property Features for 6125 MACBETH DRIVE
General Information
Standard status
Active
Size
1,796 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1948
Listing Agency:
Samson Properties
(410) 537-0048
Listed By:
Harold A Kelly
(410) 537-0048
Source:
Cummingsrealtors
Added: Aug 15
Changed: Aug 21
Last Checked: Aug 22 at 3:53AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This renovated duplex contains 1,796 square feet across two residential units. Each unit includes two bedrooms, one full bathroom, an oversized living room, and an updated kitchen. New AC systems and appliances serve both units, while separate gas and electric metering supports independent utility measurement.
Built in 1948, the property is located at 6125 Macbeth Drive in Baltimore, Maryland. Its two-unit configuration supports either separate rental occupancy or an owner-occupant arrangement with the other unit rented, as described in the property information.
Built in 1948, the property is located at 6125 Macbeth Drive in Baltimore, Maryland. Its two-unit configuration supports either separate rental occupancy or an owner-occupant arrangement with the other unit rented, as described in the property information.
Key Highlights
- 1,796‑square‑foot duplex with two residential units
- Each unit has 2 bedrooms and 1 full bath
- Oversized living rooms and updated kitchens in both units
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
$26,375
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
8.65%
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%
$527,500
$527.5K
Cap Rate 7%
$376,786
$376.8K
Cap Rate 9%
$293,056
$293.1K
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
$39.9K $22.20/SF
− Vacancy
−$2.2K −$1.22/SF
EGI
$37.7K $20.98/SF
− OpEx
−$11.3K −$6.29/SF
NOI
$26.4K $14.69/SF
Area
Baltimore, MD
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
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%
$527,500
Cap Rate 7%
$376,786
Cap Rate 9%
$293,056
Alternative Uses
Best Use
Multifamily LT 5
$376.8K
$329.7K – $439.6K
NOI $26,375 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$334.3K
$292.5K – $390.0K
NOI $23,399 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$430.3K
$376.5K – $502.0K
NOI $30,119 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
429
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 separately metered units feature updated kitchens, new AC systems, and appliances.
Where is this duplex located?
The property is located at 6125 MACBETH DRIVE Baltimore, MD.
What is the asking price?
The asking price for this property is $304,900.
What are key features of this property?
This property features: 1,796‑square‑foot duplex with two residential units; Each unit has 2 bedrooms and 1 full bath; Oversized living rooms and updated kitchens in both units
