2111 PARK AVE Baltimore, MD 21217
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID MDBA2198282
Style Other
Total Units 2
Short Sale No
Originating MLS BRIGHT
Property Description
The asset is currently underperforming, with average in-place rents of approximately $1,060 per unit, roughly 50% below the estimated market average of $1,800, creating a clear value-add runway through lease-up and rent growth. Gross rental income is projected to increase from approximately $181,000 at current rents to $352,000 in Year 1, driving NOI growth from $78,426 currently to approximately $219,380 in Year 1 as vacancy is absorbed and under-market units are brought to market rates.
The property offers spacious unit layouts with hardwood floors and private balconies, ample parking, shared laundry facilities, and separately metered gas and electric—helping reduce owner expense exposure.
Location
State MD
County Baltimore City
Zoning R-7
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Building
New Construction N
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Schools
School District Baltimore City Public Schools
Others
Tax Amount $14,183
Tax Year 2026
Tax ID 0313113455 027
Ownership Other
Special Sale Standard
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