Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDBA2198282
Style Other
Year Built 1900
Annual Tax Amount $14,183
Tax Year 2026
Property Sub-Type Other
Source BRIGHT
Property Description
The asset is currently underperforming, with average in-place rents of approximately $1,060 per unit, roughly 50% below the estimated market average of $1,800, creating a clear value-add runway through lease-up and rent growth. Gross rental income is projected to increase from approximately $181,000 at current rents to $352,000 in Year 1, driving NOI growth from $78,426 currently to approximately $219,380 in Year 1 as vacancy is absorbed and under-market units are brought to market rates.
The property offers spacious unit layouts with hardwood floors and private balconies, ample parking, shared laundry facilities, and separately metered gas and electric—helping reduce owner expense exposure.
Location
State MD
County Baltimore City
Zoning R-7
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0313113455 027
Ownership Other
Special Listing Condition Standard
Schools and Properties Nearby
- 8
Roland Park Elementary/Middle School
Public | PK - 8
- 6
Hampden Elementary/Middle School
Public | PK - 8
- 6
Thomas Johnson Elementary/Middle School
Public | PK - 8
- 6
Tunbridge Public Charter School
Public | PK - 6
- 5
Hilton Elementary School
Public | PK - 5
- 5
Rosemont Elementary/Middle School
Public | PK - 8
- 5
Medfield Heights Elementary School
Public | PK - 5
- 5
Mount Royal Elementary/Middle School
Public | KG - 8
- 5
Cecil Elementary School
Public | PK - 5
- 4
Gwynns Falls Elementary School
Public | PK - 5
- 4
KIPP (Knowledge Is Power Program) Harmony
Public | KG - 4
- 4
Mary Ann Winterling Elementary School at Bentalou
Public | PK - 5
- 4
John Eager Howard Elementary School
Public | PK - 5
- 4
Midtown Academy
Public | KG - 8
- 4
Baltimore Montessori Public Charter School
Public | PK - 5
- 4
Federal Hill Preparatory School
Public | PK - 5
- 4
Northwood Appold Community Academy
Public | KG - 5
- 4
Northwood Elementary School
Public | PK - 5
- 3
New Song Academy
Public | PK - 8
- 3
Charles Carroll Barrister Elementary School
Public | PK - 5
- 4
The Seed School of Maryland
Public | 6 - 11
- 4
The Crossroads School
Public | 6 - 8
- 3
Baltimore Leadership School for Young Women
Public | 6 - 12
- 3
Stadium School
Public | 6 - 8
- 2
Maryland Academy of Technology and Health Sciences
Public | 6 - 12
- 2
National Academy Foundation
Public | 6 - 12
- 1
ConneXions: A Community Based Arts School
Public | 6 - 12
- 1
Academy for College and Career Exploration
Public | 6 - 12
- 1
Booker T. Washington Middle School
Public | 6 - 8
- 1
New Hope Academy
Public | 6 - 12
- 1
Baltimore I.T. Academy
Public | 6 - 8
- 1
The Reach! Partnership School
Public | 8 - 12
- 0
Baltimore Montessori Public Charter Middle School
Public | 6 - 8
- 0
Baltimore Design School
Public | 6 - 10
- 0
St Ignatius Loyola Academy
Private | 6 - 8
- 0
Mother Seton Academy
Private | 6 - 8
- 0
Bluford Drew Jemison STEM Academy Middle School
Public | 6 - 8
- 0
Woodbourne School at Conrad
Private | 7 - 12
- 8
Baltimore Polytechnic Institute
Public | 9 - 12
- 8
Baltimore School for the Arts
Public | 9 - 12
- 6
Western High School
Public | 9 - 12
- 6
Baltimore City College
Public | 9 - 12
- 5
Paul Laurence Dunbar High School
Public | 9 - 12
- 3
Coppin Academy
Public | 9 - 12
- 2
Carver Vocational-Technical High School
Public | 9 - 12
- 2
Augusta Fells Savage Institute of Visual Arts
Public | 9 - 12
- 2
Vivien T. Thomas Medical Arts Academy
Public | 9 - 12
- 1
Frederick Douglass High School
Public | 9 - 12
- 1
Independence School Local I
Public | 9 - 12
- 1
Renaissance Academy
Public | 9 - 12
- 1
Digital Harbor High School
Public | 9 - 12
- 1
Mergenthaler Vocational-Technical High School
Public | 9 - 12
- 1
Heritage High School
Public | 9 - 12
- 0
Baltimore Liberation Diploma Plus High School
Public | 9 - 12
- 0
Baltimore Youth Initiative High School
Private | 9 - 12
- 0
Baltimore Talent Development
Public | 9 - 12
- 0
Excel Academy @ Francis M. Wood High School
Public | 9 - 12
- 0
The Community School
Private | 9 - 12
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