443-605-6813
1901-1909 N Forest Park Ave, Baltimore, MD for Sale
Apartments - FOR SALE
1/13
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1901-1909 N Forest Park Ave
Baltimore, MD 21207
Franklintown


HIGHLIGHTS

  • Fully occupied multifamily community providing immediate in-place income.
  • Garden-style apartment property with a diversified unit mix.
  • Opportunity to increase rents through targeted interior renovations.
  • Located minutes from I-70 and I-695 for regional connectivity.
  • Positioned near major employment centers and retail amenities.
  • Potential for additional revenue through in-unit laundry enhancements.

OVERVIEW

Kernan Gardens is a 55-unit garden-style apartment community located along the Baltimore City and Baltimore County line within Baltimore's Franklintown submarket. The property features a balanced unit mix of one-bedroom and two-bedroom apartments and is currently operating at full occupancy, providing immediate in-place income while offering future upside through strategic asset enhancement. The investment presents an opportunity to increase revenue through targeted interior upgrades. Existing rents are below comparable properties in the surrounding market, creating the potential for rent growth through cosmetic renovations such as updated cabinetry, modern finishes, luxury vinyl plank flooring, stainless steel appliances, and other resident-focused improvements. Additional value may be achieved through the introduction of in-unit laundry facilities where feasible. Kernan Gardens also benefits from strong regional accessibility. Located minutes from Interstate 70 and Interstate 695, the property provides residents with convenient connections to major employment centers, retail destinations, educational institutions, and the broader Baltimore metropolitan area. Nearby demand drivers include the Social Security Administration campus, Security Square retail corridor, local schools, parks, and neighborhood shopping destinations. With stabilized occupancy, immediate cash flow, and identifiable value-add opportunities, Kernan Gardens offers investors a multifamily asset with both current income and long-term growth potential in an established Baltimore location.

FOR SALE DETAILS

PRICE

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# OF UNITS

55

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kernan Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

63

LAND DETAILS

LAND ACRES

3.13 AC

LAND SF

136,419 SF

ZONING

R-5

APN/PARCEL ID

8434C-006A

ASK ABOUT THIS PROPERTY

Sean McGarryGreysteelMore Info
443-605-6813

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Sean McGarryGreysteelMore Info
443-605-6813

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.