DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn.. They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.
Listed By
Agency Name: Berkshire Hathaway HomeServices PenFed Realty
Agency Phone: 4105155300
Shown By
Agent Name: The Ferguson Group
Agent Phone: (240) 731-8935
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
Estimated Payment
$ 865.02 per month $444.00 Principal & Interest $362.83 Property Tax $58.19 Homeowner's Insurance
5638 Midwood Avenue | MLS# MDBA2192070
This multi-family property located at 5638 Midwood Avenue, Baltimore, MD 21212 is currently listed for sale with an asking price of $199,500. Midwood Avenue is located within the BALTIMORE CITY PUBLIC SCHOOLS school district. Search Baltimore real estate on www.thefergusongroup.co today.