Two-Unit Residential Income
6237 Laurelton Avenue Baltimore, MD 21214
New
6237 Laurelton Avenue, Baltimore, MD, 21214
$250,000
For Sale
$250,000
Vacant two-unit property with a two-bedroom lower unit and a one-bedroom upper unit, recently rented at $3,050 monthly combined.
Property Size1,760 SF
Price / SF$142.05
Days on Market5
Property Features for 6237 Laurelton Avenue
General Information
- Standard status
- Active
- Size
- 1,760 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1959
Listing agency
HomeSmart
(973) 760-8319
Listed by
Dan Stilwell · License #5022630
(973) 760-8319
Source
Compass
Added: Jul 19 Updated: Jul 22 at 1:02AM Checked: Jul 22 at 10:31AM
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 HomeSmart
Investment Insights
Based on property information with market context.
6237 Laurelton Avenue is a delivered-vacant two-unit residential income property. The lower unit offers two bedrooms and one bathroom, while the upper unit includes one bedroom and one bathroom.
The property is located in Baltimore City, within city limits, and is served by Baltimore City Public Schools.
With two distinct unit configurations on site, the property provides an owner the ability to lease both units while maintaining separate living layouts.
The property is located in Baltimore City, within city limits, and is served by Baltimore City Public Schools.
With two distinct unit configurations on site, the property provides an owner the ability to lease both units while maintaining separate living layouts.
Key Highlights
- Vacant 2‑unit property (delivered vacant) with lower 2BD/1BA unit and upper 1BD/1BA unit
- Units recently rented for a combined $3,050 per month
- Annual gross scheduled rent shown as $36,600, based on the prior rent roll
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.4k | $25.20 |
| − Vacancy | −$2.7k | −$1.51 |
| EGI | $41.7k | $23.69 |
| − OpEx | −$18.8k | −$10.66 |
| NOI | $22.9k | $13.03 |
1,760 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$369.2K
$323.1K – $430.8K
NOI $25,846 @ 7.0% cap · market cap 10.34%
Second Best
Apartment 5plus
$327.6K
$286.6K – $382.2K
NOI $22,930 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$421.6K
$368.9K – $491.9K
NOI $29,515 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Vacant two-unit property with a two-bedroom lower unit and a one-bedroom upper unit, recently rented at $3,050 monthly combined.
Where is this duplex located?
The property is located at 6237 Laurelton Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Vacant 2‑unit property (delivered vacant) with lower 2BD/1BA unit and upper 1BD/1BA unit; Units recently rented for a combined $3,050 per month; Annual gross scheduled rent shown as $36,600, based on the prior rent roll
