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Listed by Chris Cooke • Berkshire Hathaway HomeServices Homesale Realty
$624,900
Est. payment /mo
0.69 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDBA2209530
Year Built 1935
Annual Tax Amount $4,505
Tax Year 2025
Lot Size 0.690 Acres
Acres 0.69
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Exceptional turn-key investment opportunity to acquire a fully operational 6-unit multifamily asset with strong income potential and long-term upside. This well-maintained building consists of six spacious 1-bedroom, 1-bath units, each thoughtfully designed with functional layouts that include generous living areas, full kitchens, comfortable bedrooms, and full baths. All units are separately metered for gas & electric, allowing for efficient expense management and maximizing net operating income, while central air and heat throughout ensures tenant comfort and retention. The property features a shared, coin-operated laundry facility in the basement, providing an additional revenue stream and added convenience for tenants. Currently 5 of the 6 units are occupied, offering immediate cash flow with the opportunity to increase income through lease-up or potential rent adjustments. At full occupancy, the property is projected to generate approximately $6,500 per month in rental income. Strategically located just minutes from downtown Baltimore, this asset benefits from its proximity to major employment hubs, shopping centers, dining, and public transportation options. This prime location supports consistent occupancy and future appreciation potential. Ideal for both seasoned investors and those looking to expand their portfolio, this low-maintenance, income-producing property offers a compelling blend of stability, scalability, and long-term growth.
Location
State MD
County Baltimore City
Zoning R-8
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C, Ceiling Fan(s)
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0320130207 045
Ownership Fee Simple
Special Listing Condition Standard
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