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About the Listing CCRL8 - 73433
Located in the heart of **Mt. Vernon one of Baltimore’s most enduring and in-demand neighborhoods** this 6-unit mixed-use property offers a rare blend of location, income, and flexibility. The building features two street-level commercial storefronts and four residential apartments, creating diversified revenue and broad buyer appeal in a neighborhood known for strong rental demand. Currently producing $5,175/month in in-place income, three residential units and both commercial spaces are occupied, with one residential unit delivered vacant; an immediate opportunity for an owner to increase cash flow, set market rent, or occupy the unit. Upon lease-up, projected rents support $6,025/month ($72,300 annually). Mt. Vernon’s walkability, cultural institutions, dining, and proximity to downtown, universities, and transit continue to drive consistent demand across residential and commercial sectors. This asset is well-suited for: Investors seeking stable income in a proven submarket Owner-users looking to live or work in a premier location while offsetting expenses Buyers focused on long-term appreciation and mixed-use diversification Financials support attractive returns in today’s market without reliance on speculative assumptions. A clean value-add opportunity in a neighborhood that continues to outperform. Offered as-is. Rent roll and additional financial information available upon request.
Listing Highlights
Status
Active
Days on Site
45
Property Type
Commercial Sale
MLS ®
MDBA2200212
Year Built
1900
Total Square Footage
5,214
Lot/Acreage
0.06
County
Baltimore City
School District
Baltimore City Public Schools
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: C-1
- Roof:
- Others: Average
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $9,419
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
218 & 216 W Read St Baltimore, MD 21201
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