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About the Listing KWR30 - 3329512
Turnkey 4-unit multifamily opportunity in a prime Baltimore location generating strong, consistent income from day one. This fully occupied asset consists of four 2-bedroom units (two 2BR/1BA and two 2BR/2BA) with a current gross monthly income of $6,234 plus additional income from water reimbursements ($220/month) and pet fees ($55/month), bringing total monthly income to approximately $6,509. Two units are in the process of renewing leases through May 2027, offering immediate stability, while one unit is on a month-to-month lease—providing flexibility for potential rent increases or owner-user strategy. All units are equipped with in-unit washers/dryers and dishwashers, enhancing tenant appeal and retention. The property has been well maintained with recent capital improvements, including multiple HVAC replacements (2023–2024), new water heaters (2025–2026), hardwood floor refinishing, and updated balcony flooring across units. Ideal for investors seeking a stabilized asset with strong in-place cash flow and upside potential, or for an owner-occupant looking to offset their mortgage with rental income. Conveniently located near downtown Baltimore, major commuter routes, and neighborhood amenities, ensuring continued rental demand.
Listing Highlights
Status
Active
Days on Site
32
Property Type
Multi-Family
MLS ®
MDBA2209758
Year Built
1880
Total Square Footage
2,856
Lot/Acreage
0.07
County
Baltimore City
Neighborhood
Bolton Hill Historic District
School District
Baltimore City Public Schools
Interior Details
- Bedrooms: 8
- Bathrooms: 0 Full
- Appliances: Dishwasher, Disposal, Dryer, Icemaker, Intercom, Microwave, Oven/Range - Gas, Refrigerator, Washer
- Air Cond: Central A/C,Zoned
- Heating: Radiator
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2856
- Below Ground Sq Ft: 0
- Basement:
- Other: Wood Floors,Upgraded Countertops
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: R-8
- Roof: Other
- Others: Sidewalks
- Sewer: Public Sewer
- Parking Features: Rented/Permit Required,On Street
Financial Details
- Tax Amount: $16,430
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
1729 Park Ave Baltimore, MD 21217
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