38 25Th StBaltimore, MD 21218

For Sale
$995,000

7-unit building, high NOI, strong cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents two attached mixed-use buildings situated on a prime corner lot in Baltimore's desirable Charles Village neighborhood. The property boasts a total of 9,755 square feet and comprises seven self-contained units, offering a compelling blend of residential and commercial space. The buildings, constructed in 1900 and renovated in 2005, feature three stories each and sit on a 0.074-acre lot zoned C-1. The substantial net operating income (NOI) of $62,314 translates to an attractive 6.26% capitalization rate at the asking price of $995,000. The commercial spaces, totaling approximately 2,000 square feet, present significant upside potential. Previous uses include a liquor store, bar, and a large eat-in deli, highlighting the versatility of these spaces. The office suite includes a full bath, and most of the residential units are two-bedroom apartments with two full bathrooms. A large, unfinished basement (2000+ sq ft) offers additional expansion possibilities. This property's high visibility on two busy thoroughfares ensures strong tenant occupancy and significant rental income. This is a rare chance to acquire a well-maintained multifamily property with substantial commercial potential in a highly sought-after Baltimore location.

Highlights

  • Prime corner lot in Charles Village with two buildings.
  • Mixed-use property featuring apartments, office, and commercial spaces.
  • Seven self-contained units totaling approximately 9,755 square feet.
  • Two highly visible commercial spaces.
  • Commercial spaces include a former liquor store, bar, and large deli.
  • High visibility on two busy streets.

Property Details for 38 25Th St

Property type
Multifamily properties, Other office properties
Square Feet
9,755 SF
Year Built/Renovated
1900/2005
Buildings
2
Stories
3
Lot Size (sq. ft)
3,223 SF
Units
7

Location Insight

City
Baltimore
County
Baltimore City
State
Maryland
Latitude
39.3180711
Longitude
-76.6155742
38 25Th St, Baltimore, Maryland

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38 25Th St
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