Rare investment opportunity to acquire a contiguous 4-unit portfolio consisting of two side-by-side brick duplexes at 1051 and 1053 Desoto Rd in Baltimore’s Morrell Park area. This package generates combined gross monthly income of approximately $4,500, or approximately $54,000 per year, with immediate turn-key rental performance. The properties feature consistent occupancy, separately metered gas and electric, public water and sewer, solar energy service through Sunrun, and recent updates including flooring, interior paint, bathroom fixtures, and serviced HVAC systems. 1053 Desoto is an end-unit property, while 1051 Desoto is the adjoining center-unit property. The portfolio sits at the corner of Cowan Rd and Desoto Rd, with Desoto Rd located off Wilkens Avenue. The location is minutes from Ascension Saint Agnes Hospital, I-95, I-295, MARC access, and nearby commuter routes. Both properties offer private rear space and are being sold as-is. Lead Risk Reduction Certificates are available.
Wilhelm Park, located between Wilkens Avenue and the Gwynns Falls Trail, is a residential and park-adjacent Baltimore neighborhood with brick rowhomes and a greenbelt edge. The neighborhood’s character concentrates around the Wilkens Avenue corridor near the trail crossings, where corner carryouts, auto shops, and small storefronts set a practical, lived-in rhythm. The Gwynns Falls Trail and Leakin Park frame daily routines with long, wooded sightlines and streamside paths. Housing reads as classic Baltimore: tight blocks, front stoops, and modest porches. Nearby, the B&O Railroad Museum, The Charmery, and Union Craft Brewing serve as recognizable city pillars for outings beyond the immediate blocks.
Provided by Walk Score and Local Logic
Offer insights
1051-1053 Desoto Rd · $370,000
$370K and above
75% chance or better to win
Why $370K+ is a strong offer
DAYS ON MARKET
121 days
The average home goes pending in 112 days.
SALE-TO-LIST
105.9%
Most homes are selling 6% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Storm and double entry doors
Brick and plaster walls with drywall
Wood ceilings
Basement with rear/walkout entrance, walkout stairs and outside entrance
Partial, unfinished poured concrete basement with sump pump
Bedrooms
Three one-bedroom units and one two-bedroom unit (multi-unit property)
Bathrooms
Information not provided
Kitchen
Refrigerator
Gas oven/range
Laundry & utility
Information not provided
Flooring
Hardwood
Laminate
Carpet
Heating & cooling
Central forced air heating (natural gas)
Natural gas hot water
Ceiling fans
Window air conditioning units
Exterior features
Sidewalks and gutter system
Balconies, decks, patios and porches
PV solar arrays (leased) with net-meter renewable energy credits; solar panels installed through Sunrun (third-party owned/leased) — buyer to verify agreement and transfer details
Home design
End-of-row townhouse style
Flat asphalt roof
Parking
Assigned parking (4 spaces)
Attached carport
On-street parking
Concrete driveway
Fenced parking area
Public and private access; free parking available
Security
Information not provided
Construction
Brick and masonry construction
Brick/mortar and concrete perimeter foundation
Windows with insulation, screens and sliding panels
Built (year source: assessor)
Utilities
Public water
Private sewer
Natural gas available
100 amp electrical service
Internet: broadband, cable and fiber optic
HOA & community
Maintenance expense listed (amount provided)
Financial info
Four total units; all four currently leased
Three one-bedroom units and one two-bedroom unit
Gross income: $54,000
Gross scheduled income: $54,000
Net operating income: $45,000
Other expense listed
Existing leases are yearly
No rent control
Other
Fee simple ownership
Property condition described as excellent
Electricity and solar
View estimated energy costs and solar savings for this home
REAL ESTATE AUCTION ON SITE THURSDAY, JUNE 13, 2019 AT 11:00 AM. List price is suggested opening bid only. $5,000 cashier's check deposit required to bid. 2 unit home - 1st floor rented for $700/month. 2nd floor is vacant. Please contact listing broker's office for full terms, bidder pre-registration form and property details.
Neighborhoods: The R-6 Garden Rowhouse Residential Zoning District is intended for primarily low density rowhouse neighborhoods that reflect a naturalistic environment typified by open and landscaped front yards of buildings that are set back and that contain stoops and porches oriented to those yards.; Housing types: The R-6 District is meant to accommodate single-family units in both detached and semidetached dwellings, rowhouse developments, and multi-family developments of a moderate density.
Permitted uses
Include but are not limited to:
Religious facility
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational / school
Park & open space
Feb 1, 2025 • Final
One and two family combo
Install roof mounted solar panels on a single-family home according to plans and building codes.
Electrical
Solar
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Baltimore, MD • 21223
Average low and high temperatures (°F)
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76
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71
52
59
44
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32
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Feb
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Sun exposure
94/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
7.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1051-1053 Desoto Rd
$363,145
$6,855 under list price of $370K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $96K to $340K.