3901 GROVELAND AVE Baltimore, MD 21215
0.5 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Pending
Purchase Type For Sale
Lot Size 0.499 Acres
MLS Listing ID MDBA2207684
Total Units 10
Short Sale No
Originating MLS BRIGHT
Property Description
With in-place rents averaging just $928/unit against a market rate of $1,478/month, you're sitting on $66,000+ in untapped annual income — just waiting to be unlocked. Most leases are at-will, meaning you can start moving rents to market immediately. Renovate and stabilize all 10 units, and your pro forma NOI jumps to $97,000–$137,000+. Then convert the 11th unit on the lower level, and you've created even more value from day one.
Every unit is a generous 2BR/1BA with a living room, dining room, kitchen, and hardwood-style floors. On-site laundry, off-street parking, and professional management are already in place. This is the turnkey value-add deal you've been waiting for.
Serious inquiries only. Call today to schedule your private tour.
Location
State MD
County Baltimore City
Zoning R-5
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C, Window Unit(s)
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Garage Spaces 5
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 5
Building
New Construction N
Sewer Public Sewer
Water Public
Schools
School District Baltimore City Public Schools
Others
Tax Amount $14,974
Tax Year 2025
Tax ID 0315012700 007A
Ownership Fee Simple
Special Sale Standard
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