1,496 SqFt
1,496 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,496 sqft
Price per Sqft $86
MLS Listing ID MDBA2188088
Style Other
Abv Grd Liv Area 1,196
Year Built 1898
Annual Tax Amount $2,364
Tax Year 2025
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
This 11-unit Baltimore portfolio generates $176,252 annually, with a pro forma of $219,840 at market rents. Year 1 NOI is $131,904, growing to $152,822 by Year 5. Investors benefit from a 9.22% cap rate, rising to 10.69% by Year 5, offering strong cash flow and value-add potential.
The portfolio features 9 out of 11 lead-free, two- and three-bedroom homes with 1–2 bathrooms, hardwood floors, granite countertops, updated cabinetry, and appliances. Select units (1219 Glyndon Ave, 1115 Carroll St) include in-unit washers/dryers, and 1202 Sargeant St has central A/C. Many offer basements for storage or expansion.
Located in ZIP codes 21223, 21230, 21216, and 21218 (serving 128,000+ residents), the properties are near Johns Hopkins University (30,000+ students), University of Maryland, Baltimore (6,900 students, 8,000+ staff), and major employers like Johns Hopkins Hospital (30,000+ employees). Transit options include MARC Train, Metro SubwayLink, and Light RailLink for connectivity across Baltimore and to Washington, D.C.
Addresses Part of Portfolio
1219 Glyndon Ave, Baltimore MD 21223
1238 Sargeant St, Baltimore MD 21223
1321 Glyndon Ave, Baltimore MD 21223
1407 W Ostend St, Baltimore MD 21223
1415 W Ostend St, Baltimore MD 21223
2305 Herkimer St, Baltimore MD 21230
2109 N Longwood St, Baltimore MD 21216
3225 Kenyon Ave, Baltimore MD 21213
442 E Lorraine Ave, Baltimore MD 21218
1115 Carroll St, Baltimore MD 21230
Location
State MD
County Baltimore City
Rooms
Basement Other
Interior
Hot Water Other
Heating Other
Cooling Other
Equipment Dishwasher, Disposal, Microwave, Oven/Range - Gas, Refrigerator, Washer/Dryer Stacked
Fireplace N
Window Features Insulated
Appliance Dishwasher, Disposal, Microwave, Oven/Range - Gas, Refrigerator, Washer/Dryer Stacked
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Asphalt
Accessibility None
Road Frontage Public
Garage N
Building
Foundation Other
Above Ground Finished SqFt 1196
Sewer Other
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0321040266A051
Ownership Other
SqFt Source 1496
Special Listing Condition Standard
