4101-4212 St Georges Ave, 21218

Investment Highlights

This offering presents a clear and actionable value-add opportunity through the lease-up of 31 currently vacant units, the majority of which require only light cosmetic improvements. With current rents ranging from $1,200 to $1,560 per month and supported by nearby market comps, stabilization is well within reach. The projected lease-up is expected to generate an additional $263,934.00 in annual income. Based on a 7.5% capitalization rate, this increase in income alone equates to an approximate $3.52 million increase in property value, offering investors a compelling upside through a straightforward execution strategy.

Property Highlights

The property at 4101–4212 St. Georges Avenue features 77 one-bedroom, one-bathroom units across nine garden-style, low-rise buildings in Northeast Baltimore. Set back in a quiet, wooded area with 41 off-street parking spaces, the community offers tenants a peaceful residential environment. Six of the nine buildings are equipped with central heating systems powered by individual furnaces, while the remaining three buildings use radiator heat with individual boilers — three of which have been recently replaced. Each unit is separately metered for gas and electricity and includes its own hot water tank, minimizing utility costs for ownership. The electric panels have been updated throughout, and the windows, replaced, remain in solid working condition. Additionally, three of the nine buildings include shared laundry rooms, providing added convenience and functionality for residents.

Location Highlights.

The property is located in Baltimore’s 21218 ZIP code, home to approximately 44,900 residents, with 43.7% holding a bachelor’s degree or higher and a median household income of $58,378. Within a 2-mile radius are major employers including Johns Hopkins University, MedStar Union Memorial Hospital, Morgan State University, and Loyola University Maryland, collectively supporting thousands of jobs. Residents benefit from access to MTA bus routes (CityLink Red, Route 28, Route 53),close proximity to I-83 and MD-41 (Perring Parkway) and a wide range of retail options including Lidl, Giant Food, CVS, and the newly redeveloped Northwood Commons. Educational institutions nearby include Morgan State University (10,000+ students), Johns Hopkins University, and several public/private K-12 schools. Owners may also benefit from city and state programs like Baltimore’s High-Performance Tax Credit, MEEHA energy grants, and EmPOWER Maryland utility rebates to support upgrades and long-term value growth.