Excellent investment opportunity in Baltimore’s desirable Mid-town Belvedere neighborhood, featuring a 5-unit multifamily property made up of four 1-bedroom units and a top-level studio with a full private bathroom. Private parking or street parking available. Currently generating $3,920/month from 3 occupied units, with one unit vacant and rent-ready and another in the process of renovation, this property offers strong current income with a clear path to value-add growth. With updates and market-rate adjustments, projected gross income can reach just under $8,000/month or more. The property is well-positioned near restaurants, convenience stores, and public transit, and offers close access to Penn Station, MICA, and the University of Baltimore, making it appealing to a broad tenant base. Whether you're a first-time investor or looking to expand your portfolio, this property presents a rare blend of existing cash flow and upside potential in a high-demand rental area. Seller is open to creative financing or purchase options, adding flexibility for investors looking to structure a deal that aligns with their goals—reach out today to learn more or schedule a private showing. Please be mindful as building is tenant occupied, advanced notice is required or showings.
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Listing Snapshot
Price
$749,000
Days On Site
14 Days
Bedrooms
N/A
Inside Area (SqFt)
3,640 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.06 Acres
Year Built
1900
MLS® Number
MDBA2155024
Status
Active
Property Tax
$10,179
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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