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Rare opportunity to acquire a substantial multifamily investment property in the heart of historic Mount Vernon. 700 Park Avenue offers the compelling combination of strong in-place income, high occupancy, and significant value-add potential. Current rents remain well below their long-term potential, creating substantial upside through rent optimization, natural turnover, and strategic unit improvements while maintaining existing cash flow. Ideally positioned in one of Baltimore's most established and architecturally significant neighborhoods, the property offers convenient access to Downtown Baltimore, major universities, hospitals, employment centers, cultural institutions, dining, and transportation. An exceptional opportunity to acquire meaningful scale in Mount Vernon with immediate income and considerable long-term rental and NOI growth potential. Offered as-is.
| DAYS ON MARKET | 1 | LAST UPDATED | 9/5/2026 |
|---|---|---|---|
| YEAR BUILT | 1905 | COUNTY | BALTIMORE CITY |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Electric, Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| CONSTRUCTION | Brick, Stone |
| HEAT | Natural Gas, Radiant |
| LOT | 3049 sq ft |
| PARKING | None |
| TAXES | 43846 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Coldwell Banker Realty - Washington
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