2107-2111 Park Ave - Apartments FOR SALE


Baltimore, MD 21217- Reservoir Hill
$1,500,000 USD
410-498-5408
2107-2111 Park Ave, Baltimore, MD for Sale
$1,500,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

2107-2111 Park Ave
Baltimore, MD 21217
Reservoir Hill


HIGHLIGHTS

  • Value-Add Opportunity: Attractive price per unit compared to the local comps in the area.
  • Strong Demand Drivers: Close to Johns Hopkins University, MICA, the University of Baltimore, and the Reservoir Square revitalization
  • Value-Add Opportunity: Attractive price per unit compared to the local comps in the area.
  • Significant Upside: Current rents ~$1,050 vs. market ~$1,800, providing substantial revenue growth potential through lease-up and rent repositioning.
  • Income Growth: Gross rental income projected to increase from ~$176,000 at current rents to ~$352,000 in Year 1,
  • with NOI growing from ~$74,100 to ~$219,380 as units stabilize at market rates.

OVERVIEW

2107–2111 Park Avenue is a 16-unit multifamily investment opportunity located in Baltimore’s Mount Royal/Reservoir Hill submarket, offering excellent access to major transportation corridors, Mount Royal/University of Baltimore Station, and Baltimore Penn Station. The property benefits from proximity to Johns Hopkins University, MICA, the University of Baltimore, and the ongoing Reservoir Square revitalization, supporting durable rental demand. The asset is currently underperforming, with average in-place rents of approximately $1,060 per unit, roughly 50% below the market average of $1,800, creating significant upside potential. Gross rental income is projected to grow from approximately $181,000 at current rents to $352,000 in Year 1, driving NOI growth from $78,426 currently to $219,380 in Year 1 as vacant and under-market units are leased at market rates The property features spacious units with hardwood floors and private balconies, ample parking, shared laundry facilities, and separately metered gas and electric, reducing owner expense exposure. The investment strategy centers on leasing stabilization and pushing rents to market levels, positioning the asset to deliver attractive cash flow growth and a compelling risk-adjusted return profile.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$93 USD /SF

# OF UNITS

16

PRICE/UNIT

$93,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Apartments at 2107-2111 Park Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

732 SF

ZONING

R080

APN/PARCEL ID

3455-027

ASK ABOUT THIS PROPERTY

Yaakov KanevskyMidfield RealtyMore Info
410-498-5408

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Yaakov KanevskyMidfield RealtyMore Info
410-498-5408

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