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About the Listing EXXP1 - 130299,125540
Price Reduction!!! Welcome to 3901 Groveland Ave — one of Baltimore's most compelling multifamily investment opportunities of the year. This solid brick 10-unit apartment building in the sought-after West Arlington neighborhood is already cash-flowing at 90% occupancy, bringing in $8,355/month with a 4.95% cap rate on day one. But the real story is the upside. With in-place rents averaging just $928/unit against a market rate of $1,478/month, you're sitting on $66,000+ in untapped annual income — just waiting to be unlocked. Most leases are at-will, meaning you can start moving rents to market immediately. Renovate and stabilize all 10 units, and your pro forma NOI jumps to $97,000–$137,000+. Then convert the 11th unit on the lower level, and you've created even more value from day one. Every unit is a generous 2BR/1BA with a living room, dining room, kitchen, and hardwood-style floors. On-site laundry, off-street parking, and professional management are already in place. This is the turnkey value-add deal you've been waiting for. Serious inquiries only. Call today to schedule your private tour.
Listing Highlights for 3901 Groveland Ave
Status
Active
Days on Site
237
Property Type
Commercial Sale
MLS ®
MDBA2207684
Year Built
1969
Total Square Footage
12,096
Lot/Acreage
0.5
County
Baltimore City
School District
Baltimore City Public Schools
Interior Details
- Appliances:
- Air Cond: Central A/C,Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 5
- Zoning: R-5
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $14,975
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
3901 Groveland Ave Baltimore, MD 21215
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