Two-Unit Rowhome with
703 N AUGUSTA AVENUE, Baltimore, MD 21229
For Sale
$199,900
Legally zoned duplex with separately metered units and off-street parking.
Property Size1,400 SF
Price / SF$142.79
Days on Market57
Property Features for 703 N AUGUSTA AVENUE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Utilities to Site
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Construction
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(410) 814-2400
Listed By:
Christopher J Cooke · License MD #596183
(443) 802-2728
Source:
Cummingsrealtors
Added: Sep 18
Changed: Nov 13
Last Checked: Nov 12 at 7:27AM
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 Berkshire Hathaway HomeServices Homesale Realty
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Investment Insights
Based on property information with market context.
Built in 1937, this 1,400-square-foot legally zoned duplex is configured as a two-unit rowhome with separate metering for each residence. The main-level apartment includes 1 bedroom, 1 full bath, a kitchen, and rear-deck access. It is currently occupied by a long-term tenant. The upper apartment is vacant and offers a flexible 1-2 bedroom layout with 1 bath, a kitchen, and a full bath.
The property includes a 1-car garage and driveway parking, providing off-street parking for the residents. Located at 703 N Augusta Avenue in Baltimore, Maryland, the building offers a combination of existing occupancy, a vacant second unit, and practical parking improvements. The property is offered as-is.
The property includes a 1-car garage and driveway parking, providing off-street parking for the residents. Located at 703 N Augusta Avenue in Baltimore, Maryland, the building offers a combination of existing occupancy, a vacant second unit, and practical parking improvements. The property is offered as-is.
Key Highlights
- Legally zoned 2‑unit rowhome
- 1,400 SF building constructed in 1937
- Main‑level unit has 1 bedroom, 1 full bath, kitchen, and rear‑deck access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,240
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,800
$364.8K
Cap Rate 7%
$260,571
$260.6K
Cap Rate 9%
$202,667
$202.7K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$35.3K $25.20/SF
− Vacancy
−$2.1K −$1.51/SF
EGI
$33.2K $23.69/SF
− OpEx
−$14.9K −$10.66/SF
NOI
$18.2K $13.03/SF
Area
ZIP 21229
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 Rate 5%
$364,800
Cap Rate 7%
$260,571
Cap Rate 9%
$202,667
Alternative Uses
Best Use
Multifamily LT 5
$282.7K
$247.4K – $329.9K
NOI $19,792 @ 7.0% cap · market cap 9.90%
Second Best
Apartment 5plus
$260.6K
$228.0K – $304.0K
NOI $18,240 @ 7.0% cap · market cap 9.12%
Theoretical Best
Office A
$333.8K
$292.1K – $389.4K
NOI $23,364 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 21229, MD
43,464
Population
20,653
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
89%
High-School Grad
5.9 sq mi
ZIP Area
7,367
Density / Sq Mi
$55,457
Median Household Income
$40,627
Median Earnings
$1,210
Median Rent
$184,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Baltimore, MD
Properties on Market for Duplexes in Baltimore
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Legally zoned duplex with separately metered units and off-street parking.
Where is this duplex located?
The property is located at 703 N AUGUSTA AVENUE Baltimore, MD.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Legally zoned 2‑unit rowhome; 1,400 SF building constructed in 1937; Main‑level unit has 1 bedroom, 1 full bath, kitchen, and rear‑deck access
