Updated Duplex with Separate
For Sale
$374,900
910 SAINT CHARLES AVENUE, Baltimore, MD 21229
Flexible layout offers distinct living areas, a covered porch, updated finishes, and finished lower-level space.
Property Size1,663 SF
Days on Market45
Property Features for 910 SAINT CHARLES AVENUE
General Information
Standard status
Active
Size
1,663 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,208
Building Details
Building Size
1,663 SF
Year Built
1929
Construction
Cape Cod
Listing Agency:
RE/MAX Advantage Realty
(410) 925-6667
Listed By:
Linda M Dear · License #84038
(410) 925-6667
Source:
Thehulsmangroup
Added: Jul 8
Changed: Aug 20
Last Checked: Aug 21 at 10:30AM
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 RE/MAX Advantage Realty
Investment Insights
Based on property information with market context.
This 1929 Cape Cod duplex combines traditional residential character with a flexible multi-area configuration. The covered front porch provides separate entry points, while the main level includes a living room, dining room, LVP flooring, an updated kitchen with white cabinetry and stainless-steel appliances, a bedroom, shower and vanity area, and a half bathroom.
The finished lower level adds a large adaptable room, a full bathroom, and space that can support recreation or additional sleeping arrangements. A separate upper-level entrance opens to another living room, bedroom, full bathroom, and eat-in kitchen. The property retains period character while incorporating updates throughout.
The finished lower level adds a large adaptable room, a full bathroom, and space that can support recreation or additional sleeping arrangements. A separate upper-level entrance opens to another living room, bedroom, full bathroom, and eat-in kitchen. The property retains period character while incorporating updates throughout.
Key Highlights
- 1929 Cape Cod duplex with separate entrances
- Covered front porch serving the distinct living areas
- Main‑level kitchen with white cabinetry and stainless‑steel appliances
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
$23,510
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
6.27%
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%
$470,200
$470.2K
Cap Rate 7%
$335,857
$335.9K
Cap Rate 9%
$261,222
$261.2K
Market Conditions
NOI Build-Up for 1,663 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
$35.9K $21.60/SF
− Vacancy
−$2.3K −$1.40/SF
EGI
$33.6K $20.20/SF
− OpEx
−$10.1K −$6.06/SF
NOI
$23.5K $14.14/SF
Area
ZIP 21229
Vacancy
6.50%
Lease Rate
$21.60 /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%
$470,200
Cap Rate 7%
$335,857
Cap Rate 9%
$261,222
Alternative Uses
Best Use
Multifamily LT 5
$335.9K
$293.9K – $391.8K
NOI $23,510 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$309.5K
$270.8K – $361.1K
NOI $21,666 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$396.5K
$346.9K – $462.6K
NOI $27,753 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
608
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
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Frequently Asked Questions
What type of property is this?
Duplex - Flexible layout offers distinct living areas, a covered porch, updated finishes, and finished lower-level space.
Where is this duplex located?
The property is located at 910 SAINT CHARLES AVENUE Baltimore, MD.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 1929 Cape Cod duplex with separate entrances; Covered front porch serving the distinct living areas; Main‑level kitchen with white cabinetry and stainless‑steel appliances
