Baltimore Two-Unit Townhome For
For Sale
$295,000
902 ELM RIDGE Avenue, Baltimore, MD 21229
MULTI_FAMILY - Other - BALTIMORE, MD
Property Size1,350 SF
Lot Size0.05 Acres
Price / SF$218.52
Days on Market184
Property Features for 902 ELM RIDGE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
1
Parking features
Garage - Detached, On Street
Elementary school district
BALTIMORE COUNTY PUBLIC SCHOOLS
Middle school district
BALTIMORE COUNTY PUBLIC SCHOOLS
High school district
BALTIMORE COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
1,350 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2214
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1948
Number of units
1
Building materials
Brick
Architectural style
Other
Listing Agency:
Cummings & Co. Realtors
(410) 823-0033
Listed By:
Bradley Morsberger · License #650399
(443) 257-1433
Added: Jan 29
Changed: Jul 2
Last Checked: Aug 1 at 1:06PM
MLS# MDBC2151024
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained two-unit townhome is located at 902 Elm Ridge Ave in Baltimore. The property is a multifamily residential income property. Each unit provides comfortable living space and practical layouts. The property offers immediate rental income with flexibility for future adjustments, as both units are currently occupied with month-to-month tenants. The building size is 1350 square feet and the lot size is 0.0528 acres. The property is conveniently located near major commuter routes, shopping, and local amenities, making it a solid addition to any rental portfolio. This property is an ideal opportunity for investors or owner-occupants.
Key Highlights
- Well‑maintained two‑unit townhome at 902 Elm Ridge Ave, Baltimore
- Brick construction with year built 1948
- Both units currently occupied by month‑to‑month tenants
Financial Insights For Multifamily LT 5
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 | $29.2k | $21.60 |
| − Vacancy | −$1.9k | −$1.40 |
| EGI | $27.3k | $20.20 |
| − OpEx | −$8.2k | −$6.06 |
| NOI | $19.1k | $14.14 |
1,350 SF · lease $21.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$272.6K
$238.6K – $318.1K
NOI $19,085 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$251.3K
$219.9K – $293.1K
NOI $17,588 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$321.9K
$281.6K – $375.5K
NOI $22,530 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
641
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit townhome in Baltimore, offering immediate rental income.
Where is this duplex located?
The property is located at 902 ELM RIDGE Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Well‑maintained two‑unit townhome at 902 Elm Ridge Ave, Baltimore; Brick construction with year built 1948; Both units currently occupied by month‑to‑month tenants
