Remodeled Two-Unit
For Sale
$334,900
Pending
6330 Frederick Road, Baltimore, MD 21228
Two-unit residential property with a recently renovated first-floor apartment and a second-floor tenant in place.
Property Size1,834 SF
Days on Market112
Property Features for 6330 Frederick Road
General Information
Standard status
Pending
Size
1,834 SF
Total Parking Spaces
1
Property subtype
Multi-Family / Fee Simple
Zoning
DR10.5
Taxes and HOA fees
Annual Taxes
$2,554
Amenities
No
Built-In Microwave, Dryer - Electric, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
Basement, Shared
Double Hung, Double Pane, Replacement, Screens, Wood Frame
2nd Kitchen
No Pool
Building Details
Year Built
1930
Listing Agency:
Todays Realty, Inc.
(443) 255-1976
Listed By:
Arthur W Warshaw
(443) 255-1976
Source:
Compass
Added: May 13
Changed: Aug 31
Last Checked: Aug 31 at 9:55PM
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 Todays Realty, Inc.
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,834 square feet and was built in 1930. The first-floor apartment has recently undergone remodeling and is currently open. The second-floor unit has a tenant who would like to remain. Interior features include a shared basement, a second kitchen, stainless steel appliances, an electric range, refrigerator, built-in microwave, and in-unit washer and electric dryer. Replacement windows include double-hung and double-pane units with screens and wood frames.
The property is located at 6330 Frederick Road in Baltimore County, outside city limits, and is zoned DR10.5. The surrounding public school district is Baltimore County Public Schools.
The property is located at 6330 Frederick Road in Baltimore County, outside city limits, and is zoned DR10.5. The surrounding public school district is Baltimore County Public Schools.
Key Highlights
- Two‑unit duplex with 1,834 square feet
- First‑floor apartment recently remodeled and currently open
- Second‑floor tenant would like to stay
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
$26,933
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
8.04%
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%
$538,660
$538.7K
Cap Rate 7%
$384,757
$384.8K
Cap Rate 9%
$299,256
$299.3K
Market Conditions
NOI Build-Up for 1,834 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
$40.7K $22.20/SF
− Vacancy
−$2.2K −$1.22/SF
EGI
$38.5K $20.98/SF
− OpEx
−$11.5K −$6.29/SF
NOI
$26.9K $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%
$538,660
Cap Rate 7%
$384,757
Cap Rate 9%
$299,256
Alternative Uses
Best Use
Multifamily LT 5
$384.8K
$336.7K – $448.9K
NOI $26,933 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$341.3K
$298.7K – $398.2K
NOI $23,894 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$439.4K
$384.5K – $512.6K
NOI $30,756 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Explore this area
Business Placement
Demographics for 21228, MD
50,418
Population
20,357
Households
2.5
Avg Household Size
42
Median Age
50%
College-Educated
92%
High-School Grad
15.6 sq mi
ZIP Area
3,232
Density / Sq Mi
$107,714
Median Household Income
$59,038
Median Earnings
$1,631
Median Rent
$389,200
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-unit residential property with a recently renovated first-floor apartment and a second-floor tenant in place.
Where is this duplex located?
The property is located at 6330 Frederick Road Baltimore, MD.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,834 square feet; First‑floor apartment recently remodeled and currently open; Second‑floor tenant would like to stay
