2 Beds
1 Bath
816 SqFt
2 Beds
1 Bath
816 SqFt
Key Details
Property Type Single Family Home, Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 816 sqft
Price per Sqft $1,752
Subdivision Morell Park
MLS Listing ID MDBA2199888
Style Other
Bedrooms 2
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 816
Year Built 1895
Annual Tax Amount $1,614
Tax Year 2025
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
This 11 Single Family Baltimore portfolio generates $176,252 annually, with a pro forma of $219,840 at market rents. Year 1 NOI is $131,904, growing to $152,822 by Year 5. Investors benefit from a 9.22% cap rate, rising to 10.69% by Year 5, offering strong cash flow and value-add potential.
The portfolio features 9 out of 11 lead-free, two- and three-bedroom homes with 1–2 bathrooms, hardwood floors, granite countertops, updated cabinetry, and appliances. Select units (1219 Glyndon Ave, 1115 Carroll St) include in-unit washers/dryers, and 1202 Sargeant St has central A/C. Many offer basements for storage or expansion.
Located in ZIP codes 21223, 21230, 21216, and 21218 (serving 128,000+ residents), the properties are near Johns Hopkins University (30,000+ students), University of Maryland, Baltimore (6,900 students, 8,000+ staff), and major employers like Johns Hopkins Hospital (30,000+ employees). Transit options include MARC Train, Metro SubwayLink, and Light RailLink for connectivity across Baltimore and to Washington, D.C.
Location
State MD
County Baltimore City
Zoning R-8
Rooms
Basement Other
Main Level Bedrooms 2
Interior
Interior Features Combination Kitchen/Dining
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas Available
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 2
Foundation Other
Above Ground Finished SqFt 816
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Senior Community No
Tax ID 0325037805B027
Ownership Other
SqFt Source 816
Special Listing Condition Standard
Nearby Locations
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