Lead-Certified Duplex with Two
For Sale
$339,000
7322 WINDSOR MILL ROAD, Windsor Mill, MD 21244
Immaculately maintained duplex with two independent units, separate electric meters, and a fully waterproofed basement with laundry.
Property Size1,464 SF
Price / SF$231.56
Days on Market36
Property Features for 7322 WINDSOR MILL ROAD
General Information
Standard status
Active
Size
1,464 SF
Property subtype
Duplex
Building Details
Year Built
1929
Listing Agency:
Compass
(410) 914-7355
Listed By:
Nicholas W Bogardus
(410) 914-7355
Source:
Cummingsrealtors
Added: Jul 7
Changed: Aug 11
Last Checked: Aug 11 at 5:45AM
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 Compass
Investment Insights
Based on property information with market context.
This lead-certified duplex offers two completely independent living units with separate electric meters. The main level features a spacious 2-bedroom, 1.5-bath layout, while the upper level includes a 1-bedroom, 1-bath apartment. Both sides are supported by a fully waterproofed basement that includes a shared laundry room and separate, partitioned storage areas for each unit.
The property is located at 7322 WINDSOR ROAD in WINDSOR MILL, MD 21244. With its move-in ready condition and clear separation between units, it is designed to support both tenant occupancy and owner-occupant flexibility.
For practical day-to-day use, the setup includes independent utilities and dedicated storage in the basement, along with on-site shared laundry, making the duplex configuration straightforward to operate.
The property is located at 7322 WINDSOR ROAD in WINDSOR MILL, MD 21244. With its move-in ready condition and clear separation between units, it is designed to support both tenant occupancy and owner-occupant flexibility.
For practical day-to-day use, the setup includes independent utilities and dedicated storage in the basement, along with on-site shared laundry, making the duplex configuration straightforward to operate.
Key Highlights
- Duplex built in 1929 with two completely independent units
- Separate electric meters for each unit
- Main level: 2‑bedroom, 1.5‑bath unit
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
$21,499
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
6.34%
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%
$429,980
$430.0K
Cap Rate 7%
$307,129
$307.1K
Cap Rate 9%
$238,878
$238.9K
Market Conditions
NOI Build-Up for 1,464 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
$32.5K $22.20/SF
− Vacancy
−$1.8K −$1.22/SF
EGI
$30.7K $20.98/SF
− OpEx
−$9.2K −$6.29/SF
NOI
$21.5K $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%
$429,980
Cap Rate 7%
$307,129
Cap Rate 9%
$238,878
Alternative Uses
Best Use
Multifamily LT 5
$307.1K
$268.7K – $358.3K
NOI $21,499 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$272.5K
$238.4K – $317.9K
NOI $19,074 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$350.7K
$306.9K – $409.2K
NOI $24,551 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Explore this area
Business Placement
Demographics for 21244, MD
38,015
Population
15,006
Households
2.5
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
14.1 sq mi
ZIP Area
2,696
Density / Sq Mi
$84,849
Median Household Income
$45,367
Median Earnings
$1,538
Median Rent
$271,200
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 - Immaculately maintained duplex with two independent units, separate electric meters, and a fully waterproofed basement with laundry.
Where is this duplex located?
The property is located at 7322 WINDSOR MILL ROAD Windsor Mill, MD.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Duplex built in 1929 with two completely independent units; Separate electric meters for each unit; Main level: 2‑bedroom, 1.5‑bath unit
