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The property averages $1,115 per unit, well below the $1,340 market, creating clear rent upside. NOI is projected to grow from $46,418 in Year 1 to $50,756 by Year 7, with cap rates improving from 7.74% to 8.46%, supporting a strong value-add opportunity. This four-story, five-unit apartment building spans 3,000 SF on a 7,842 SF R-6 lot (built 1920). Units feature large bedrooms, hardwood floors, granite countertops, shaker cabinets, private baths, and HVAC. Walk Score 79 and Transit Score 72 support consistent demand. Located in Northwest Baltimore's Liberty Square/Mondawmin area, the property is near major employers including Sinai Hospital ( 2.5 miles), University of Maryland Medical Center ( 4.5 miles), and Johns Hopkins ( 5.5 miles), along with Coppin State ( 0.8 miles) and other universities. It sits steps from Mondawmin Mall, Druid Hill Park, and the Metro, with strong access to bus routes and I-83.
| DAYS ON MARKET | 0 | LAST UPDATED | 4/16/2026 |
|---|---|---|---|
| TRACT | LIBERTY SQUARE | YEAR BUILT | 1920 |
| COUNTY | BALTIMORE CITY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| CONSTRUCTION | Other |
| HEAT | Forced Air, Natural Gas |
| PARKING | On Street |
| SEWER | Public Sewer |
| SUBDIVISION | LIBERTY SQUARE |
| TAXES | 1536 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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