Anne Arundel Portfolio

For Sale

923 1st St, Baltimore, MD 21225

This Baltimore property for sale is located at 923 1st St. Contact the listing broker for details on the current sale price for Anne Arundel Portfolio.

Contacts

broker
Yaakov Kanevsky

Midfield Realty

broker
Mendel Dalfin

Midfield Realty

Property Details

  • Property Type Other
  • Units 19
  • Date Updated Aug 29, 2025

Financial Highlights

This 10-property, 19-unit portfolio in Anne Arundel County is being brought to market at $89,473 per unit, approximately 11% below the area’s average sales price of $100,217 per unit. The portfolio generates a strong day-one cap rate of 7.26%, with a clear path to a stabilized cap rate of 11.4% through strategic rent increases and modest unit improvements. Current average rents across the portfolio are approximately $1,000 per unit, while market rents in the area average $1,400, presenting an immediate $500/month per unit income upside. Once stabilized at market rents, the portfolio has the potential to achieve a cap rate of approximately 11.4%, making this a compelling opportunity for investors see


Property Highlights

This 10-property, 19-unit portfolio in Anne Arundel County presents an exceptional investment opportunity with a mix of 2–3 bedroom brick duplexes and a rowhome, all featuring basements and efficient layouts. The units are largely move-in ready, boasting updated kitchens with granite countertops and hardwood flooring for modern appeal. Most include refrigerators and ranges, while 2 units offer the added convenience having washer and dryer. Heating is reliably provided by gas furnaces, with 10 units also equipped with baseboard heaters for extra comfort. Cooling solutions vary, with 10 units featuring window or portable AC and 3 units utilizing radiator systems. Each unit benefits from separately metered utilities serviced by BGE and public water/sewer, simplifying management. Ideal for investors seeking a low-maintenance, high-demand portfolio, this collection combines charm, functionality, and strong income potential in a thriving location.


Location Highlights

Anne Arundel County is home to approximately 597,052 residents as of 2025. The county features a variety of local retail centers and shops, including the redeveloped Annapolis Mall, where significant investment is underway—replacing the former JCPenney space with new tenants like OneLife Fitness and a supermarket. Nearby developments include major mixed-use projects in Odenton Town Center, such as the “Blue Oaks at North Odenton” apartments, Meade Center’s retail and office spaces, and new Starbucks and Wawa locations, as well as a large MARC parking garage currently under construction. Educational attainment is strong, with 45.2% of residents aged 25 and over holding at least a bachelor’s degree. Major employers include Fort George G. Meade (over 64,000 employees), Anne Arundel County Public Schools (~15,794), the State of Maryland (~11,584), and BWI Thurgood Marshall Airport (~10,000 jobs). Local transit options are robust, with BWI Thurgood Marshall Airport, Amtrak, MARC commuter rail, MTA light rail, commuter buses, and the Anne Arundel Connector. The area is also served by major highways and shuttle services, providing efficient access throughout the county and beyond.



Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • 2. Strong Immediate Returns Day-one cap rate of 7.26%, with potential to increase to 11.4% through rent optimization and light upgrades.
  • 3. Significant Rent Upside Current average rents of ~$1,000 per unit vs. market average of ~$1,400, representing a $500/month per unit potential gain.
  • 4. Diverse Property Mix Ten properties totaling 19 units, including 23 bedroom brick duplexes and a rowhome, all with basements and efficient layouts.
  • 5. Quality Interiors Many units are move-in ready, featuring granite countertops, hardwood floors, and updated kitchens; select units include washers/dryers.
  • 6. Reliable Systems & Utilities Gas furnaces in all units, baseboard heaters in 10, varied AC solutions, and separately metered utilities via BGE with public water/sewer.
  • 7. Prime County Location Close to redeveloped retail hubs, major employers like Fort Meade (64,000+ jobs), and ongoing mixed-use developments in Odenton Town Center.
  • 8. Excellent Transit Access Convenient to BWI Airport, MARC/Amtrak rail, MTA light rail, commuter buses, major highways, and local shuttle services.
  • 9. Excellent Accessibility Walk Score of 73, with easy access to BWI Airport, MARC/Amtrak rail, MTA light rail, commuter buses, major highways, and local shuttle services. "

Getting around

  • 51/100

    Walk Score ®

  • 39/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Baltimore, MD
  • Neighborhood Brooklyn
  • Zip Code 21225
  • Market Baltimore

Points of Interest

  • Nursery Road

    1.86 miles

  • Patapsco

    2.03 miles

  • Cherry Hill

    2.99 miles

  • Ferndale

    3.01 miles

  • Glen Burnie

    3.51 miles

  • BWI Airport

    4.19 miles

  • Stadium / Federal Hill

    4.23 miles

  • Camden Street

    4.52 miles

  • Camden Station

    4.56 miles

  • Halethorpe

    4.70 miles

  • Gulf

    0.37 miles

  • Shell

    0.40 miles

  • American Gas

    0.41 miles

  • Sunoco

    0.43 miles

  • BP

    1.42 miles

  • Carroll Motor Fuels

    1.45 miles

  • Costco Gasoline

    1.58 miles

  • Exxon

    1.78 miles

  • Blink

    1.80 miles

  • EVgo

    2.98 miles

  • Baltimore Highlands Station Parking

    1.82 miles

  • Nursery Road Station Parking

    1.88 miles

  • Patapsco Station Parking

    2.07 miles

  • North Linthicum Station Parking

    2.11 miles

  • Lot E

    2.18 miles

  • Lot 8

    2.22 miles

  • Lot D

    2.24 miles

  • Lot 22

    2.25 miles

  • Lot G

    2.25 miles

  • Lot 19

    2.26 miles

  • Budget Plaza Motel

    0.63 miles

  • La Quinta Inn & Suites Baltimore S. Glen Burnie

    1.13 miles

  • Days Inn Baltimore South / Glen Burnie

    1.49 miles

  • Hampton

    1.58 miles

  • Extended Stay America - Baltimore - Glen Burnie

    1.83 miles

  • Sleep Inn & Suites

    1.90 miles

  • Comfort Inn and Suites BWI Airport

    1.92 miles

  • Motel 6

    2.80 miles

  • Roost

    3.11 miles

  • Courtyard Baltimore Downtown/McHenry Row

    3.39 miles

  • Save-A-Lot

    0.53 miles

  • Big Lots

    1.58 miles

  • Giant

    1.59 miles

  • ALDI

    1.71 miles

  • Burlington

    1.87 miles

  • Target

    1.98 miles

  • Walmart Supercenter

    1.99 miles

  • Food Lion

    2.20 miles

  • Coast Guard Exchange

    2.37 miles

  • Linthicum Market

    2.83 miles

In-Depth Research Available for this Property

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.

Contact Anne Arundel Portfolio
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.