Rare opportunity to acquire a substantial multifamily investment property in the heart of historic Mount Vernon. 700 Park Avenue offers the compelling combination of strong in-place income, high occupancy, and significant value-add potential. Current rents remain well below their long-term potential, creating substantial upside through rent optimization, natural turnover, and strategic unit improvements while maintaining existing cash flow.
Ideally positioned in one of Baltimore’s most established and architecturally significant neighborhoods, the property offers convenient access to Downtown Baltimore, major universities, hospitals, employment centers, cultural institutions, dining, and transportation. An exceptional opportunity to acquire meaningful scale in Mount Vernon with immediate income and considerable long-term rental and NOI growth potential. Offered as-is.
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Listing Snapshot
Price
$4,300,000
Days On Site
10 Days
Bedrooms
N/A
Inside Area (SqFt)
26,032 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.07 Acres
Year Built
1905
MLS® Number
MDBA2230448
Status
Active
Property Tax
$43,846
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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Recent Activity
6 days ago
Status changed to Active
6 days ago
Listing updated with changes from the MLS®
2 weeks ago
Listing first seen on site
General Features
Acres
0.07
Parking
None
Special Circumstances
Standard
SqFt Total
26032
Water Source
Public
Zoning
OR-2
Interior Features
Appliances
Gas Water Heater
Cooling
Wall Unit(s)Electric
Heating
Natural GasRadiant
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Exterior Features
Construction Details
StoneBrick
Community Features
Accessibility Features
Accessible Elevator Installed
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 Coldwell Banker Realty - Washington
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