2620 Northern PkwyBaltimore, MD 21214

For Sale
Call for price

15-Unit Apartment Building, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 15-unit apartment building in Baltimore, MD, presents a compelling investment opportunity. Located at 2620-2630 E Northern Parkway, 21214, this two-story, 1986-built property enjoys a prime location near major employers, universities (including Morgan State and Johns Hopkins), and key highways, ensuring high occupancy rates. The unit mix comprises eleven spacious two-bedroom units and four one-bedroom units, many featuring desirable amenities such as balconies and vaulted ceilings in select units. All units are equipped with central air conditioning. Ample parking is available on-site. The property's strong value-add potential allows for a significant rent increase—projected at 30%—making it an attractive prospect for investors seeking substantial returns. The large floor plans and convenient location contribute to strong tenant demand and long-term stability. This well-maintained property offers a blend of immediate income and future growth potential, making it an ideal addition to any investment portfolio. The strategic location near educational institutions and major transportation arteries ensures consistent tenant occupancy and minimizes vacancy risks. This is a rare opportunity to acquire a multifamily property with significant upside potential in a thriving Baltimore neighborhood.

Highlights

  • 15-unit multifamily property in prime Northeast Baltimore location, near Morgan State and Johns Hopkins Universities, and major highways.
  • Spacious floor plans, with balconies in most units and vaulted ceilings in select units.
  • Significant value-add opportunity with projected 30% rent increase potential.
  • Unit mix: 73% two-bedroom units, 27% one-bedroom units.
  • All units feature central air conditioning and ample on-site parking.

Property Details for 2620 Northern Pkwy

Property type
Multifamily properties, Apartment buildings
Year Built
1986
Stories
2
Units
15

Location Insight

City
Baltimore
County
Baltimore City
State
Maryland
Latitude
39.3660527
Longitude
-76.5588633
2620 Northern Pkwy, Baltimore, Maryland

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2620 Northern Pkwy
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