301 29Th StBaltimore, MD 21218

For Sale
$850,000

5-Unit Luxury Apartment Building, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 5-unit apartment building in Baltimore's desirable Charles Village neighborhood presents a compelling investment opportunity. The property, built in 1920 and extensively renovated in 2015, boasts 2,406 square feet across three stories on a 2,125 square foot lot. The unit mix includes four one-bedroom, one-bathroom apartments and one three-bedroom, two-bathroom apartment, all featuring modern amenities such as stainless steel appliances, wood cabinets, granite countertops, hardwood flooring, and in-unit washer/dryers. Its prime location offers a 12-minute walk to Johns Hopkins University and MedStar Union Memorial Hospital, two major employers, and a 6-minute walk to a Johns Hopkins University shuttle stop providing convenient access to the main campus, Penn Station, Johns Hopkins Hospital, and the Peabody Institute. Current rents are below market value, presenting a significant opportunity for immediate rental income growth. Further potential exists to implement a water reimbursement program. The property is zoned R-7 and is offered fee simple. This renovated asset in a highly sought-after location offers a strong return on investment with potential for significant rental increases. The APN is 12-17-3847-092. The asking price is $850,000.

Highlights

  • Renovated Charles Village investment opportunity.
  • Potential for rental income growth.
  • Excellent location, half-mile from Johns Hopkins University and MedStar Union Memorial Hospital.

Property Details for 301 29Th St

Property type
Multifamily properties, Apartment buildings
Square Feet
2,406 SF
Year Built/Renovated
1920/2015
Buildings
1
Stories
3
Units
5

Location Insight

City
Baltimore
County
Baltimore City
State
Maryland
Latitude
39.3232444
Longitude
-76.612506
301 29Th St, Baltimore, Maryland

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301 29Th St
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