Excellent investment opportunity in Baltimore’s desirable Mid-town Belvedere neighborhood, featuring a 4 a unit multifamily property made up of four 1-bedroom units and a top-level studio with a full private bathroom. Private parking or street parking available. Currently generating $3,920/month from 3 occupied units, with one unit vacant and rent-ready and another in the process of renovation, this property offers strong current income with a clear path to value-add growth. With updates and market-rate adjustments, projected gross income can reach just under $8,000/month or more. The property is well-positioned near restaurants, convenience stores, and public transit, and offers close access to Penn Station, MICA, and the University of Baltimore, making it appealing to a broad tenant base. Whether you're a first-time investor or looking to expand your portfolio, this property presents a rare blend of existing cash flow and upside potential in a high-demand rental area. Seller is open to creative financing or purchase options, adding flexibility for investors looking to structure a deal that aligns with their goals—reach out today to learn more or schedule a private showing. Please be mindful as building is tenant occupied, advanced notice is required or showings.
4,240 Sq Ft
2,618 Sq Ft Exterior Space
Investment
$10,179 Annual Tax
Built in 1900
MLS/Listing ID MDBA2165452
4 Units
Parking - Public
Heating - Natural Gas
Block
Natural Wood
Carpet
Cooling - Ceiling Fans
Cooling - Central Air
Construction - Brick
Listing Courtesy of CUMMINGS & CO. REALTORS, ALEXANDER LEE - 240-890-5855
Source of Data: BRIGHT MLS
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the BrightMLS. Real estate listings held by brokerage firms other than Douglas Elliman of VA are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: 05/08/2025.
Source: Bright Multiple Listing Service, Inc.
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