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.
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Listing Snapshot
Price
$624,900
Days On Site
18 Days
Bedrooms
N/A
Inside Area (SqFt)
4,000 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.69 Acres
Year Built
1935
MLS® Number
MDBA2209530
Status
Active
Property Tax
$4,505
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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Recent Activity
3 weeks ago
Listing updated with changes from the MLS®
3 weeks ago
Listing first seen on site
General Features
Acres
0.69
Parking
On Street
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
4000
Water Source
Public
Zoning
R-8
Interior Features
Appliances
Gas Water Heater
Cooling
Central AirCeiling Fan(s)Electric
Heating
Natural GasForced Air
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Exterior Features
Construction Details
Brick
Community Features
School District
BALTIMORE CITY PUBLIC SCHOOLS
Schools
School District
BALTIMORE CITY PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Berkshire Hathaway HomeServices Homesale Realty
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