Contacts
Midfield Realty
Midfield Realty
Property Details
- Property Type Other
- Units 16
- Date Updated Apr 23, 2025
This exceptional 16-unit multifamily property boasts a winning combination of location and potential, including a compelling opportunity to increase rents by 30%, as current rates are 30% below market value. Even without any renovations, you could implement this rent increase, making it the perfect addition to your portfolio as a high-performing asset. Strategically situated near MICA, Johns Hopkins University, and the flourishing MCB North Avenue development, this property guarantees consistent rental demand and healthy occupancy rates.
Nestled in the vibrant Reservoir Square district, it benefits from the area's upward trajectory and growing appeal, allowing you to witness your investment appreciate in value alongside the neighborhood's ongoing revitalization.
This opportunity caters to investors seeking a judicious balance between security and strong potential returns.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Significant opportunity to increase rents by 30%, as current rental rates are 30% below market value.
- -Thrive in a high-demand area near major transportation hubs, prestigious universities like MICA and Johns Hopkins University, and the growing Reservoir Square development.
- -Spacious balconies, ample parking, generously sized units, and a convenient shared laundry space.
- -Each unit boasts separate gas and electric meters, allowing tenants to manage utilities efficiently and live cost-consciously, fostering long-term resident satisfaction and boosting your bottom line.
- - Mount Royal/University of Baltimore Station and Baltimore Penn Station are easily accessible.
- - Potential benefit from the ongoing revitalization of Reservoir Square.
- - The selected unit has balconies and hardwood floors
- - The property is located right off the highway.
- - The property is located within an Enterprise Zone, offering potential benefits such as tax incentives and opportunities for economic development.
Getting around
-
95/100
Walk Score ®
-
70/100
Transit Score ®
-
85/100
Bike Score ®
Location
- City Baltimore, MD
- Neighborhood Canton
- Zip Code 21217
- Market Baltimore
Points of Interest
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Johns Hopkins Hospital
1.10 miles
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Shot Tower
1.31 miles
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Charles Center
1.69 miles
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Camden Street
1.98 miles
-
Camden Station
2.00 miles
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Baltimore Arena
2.00 miles
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Stadium / Federal Hill
2.05 miles
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Lexington Market
2.14 miles
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Mount Vernon
2.17 miles
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Baltimore Penn Station
2.38 miles
-
Shell
0.15 miles
-
Citgo
0.80 miles
-
Sunoco
0.84 miles
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Eagle
0.89 miles
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Mystik
0.91 miles
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Royal Farms
0.94 miles
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US Fuel
1.02 miles
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BP
1.06 miles
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Carroll Motor Fuels
1.09 miles
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Tesla Supercharger
1.22 miles
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Union Wharf Garage
0.43 miles
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Caroline Street Garage
0.77 miles
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Washington Hill Lot
0.79 miles
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Fleet & Eden Garage
0.82 miles
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Kennedy Krieger Garage
0.83 miles
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Church Garage
0.86 miles
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Orleans Street Garage
0.88 miles
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Jefferson Street Lot
0.93 miles
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Little Italy Garage
0.94 miles
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Washington Garage
1.05 miles
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The Inn at Henderson's Wharf
0.49 miles
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Inn at 2920
0.56 miles
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Sagamore Pendry Baltimore
0.57 miles
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Admiral Fell Inn
0.64 miles
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The Inn at the Black Olive
0.77 miles
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Hyatt Place Baltimore/Inner Harbor
0.88 miles
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Tru
0.89 miles
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Courtyard
0.93 miles
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Hilton Garden Inn
1.03 miles
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Homewood Suites
1.03 miles
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Safeway
0.36 miles
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24-Seven Grocery Inc.
0.75 miles
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Whole Foods Market
0.89 miles
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Corona Grocery
0.92 miles
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ALDI
0.92 miles
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Save-A-Lot
0.94 miles
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200 North Highland
0.98 miles
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Labodega Deli & Grocery
1.04 miles
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Hazlo International Foods
1.05 miles
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Hye's Grocery
1.08 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
