310 Gittings Ave - Apartments FOR SALE


Baltimore, MD 21212- Cedarcroft
$495,000 USD
410-235-9500
310 Gittings Ave, Baltimore, MD for Sale
$495,000 USD
Apartments - FOR SALE
1/44
null | 8.48% Cap Rate

310 Gittings Ave
Baltimore, MD 21212
Cedarcroft


HIGHLIGHTS

  • Prime Location with High-Income Tenants – Located in a walkable neighborhood near Belvedere Square, the Senator Theatre, Starbucks
  • Rare Opportunity in a Coveted Neighborhood – Multi-family properties in Cedarcroft are hard to come by, offering long-term appreciation
  • Tenant-Paid Utilities & Low Expenses – Tenants split the oil heating bill, the first-floor tenant pays gas, and there is no public service bill

OVERVIEW

Inside this Cedarcroft multi-family, you’ll find gracious two-bedroom apartments that appeal to professional tenants. Large living rooms with fireplaces create a warm and inviting atmosphere, while formal dining rooms and breakfast nooks offer ample space for meals and entertaining. Private decks extend the living space outdoors, overlooking a huge yard perfect tenant enjoyment. Apartment 1 features built-in bookshelves and custom pantries, adding both charm and practicality. The kitchen is equipped with wood cabinets, laminate counters, a 30” electric range, dishwasher, and disposal. Apartment 2 boasts granite counters, wood cabinets, and a 30” gas range, offering an upgraded cooking experience. This unit also benefits from extra attic storage, ensuring plenty of room for tenants’ belongings. Both apartments have modern vanities, cast iron tubs, ceramic tile surrounds, and ceramic tile floors for easy maintenance. The club basement serves as additional living space for the first-floor tenant, offering flexibility for a recreation room, home office, or storage. Since both tenants pass through to access the laundry room, it remains a shared-access area. This duplex features separate electric meters, ensuring each apartment is billed individually for electricity. Central oil-fired radiator heat keeps the building warm, with tenants splitting the oil bill. A gas-fired water heater serves the building, with the basement tenant covering the gas bill. The landlord covers the water bill, but there is no public service bill, keeping ownership costs lower. Observable plumbing includes copper supply lines and steel drain lines, and the building is topped with a durable slate roof for long-term reliability. This Cedarcroft multi-family offers tenants an unbeatable mix space, convenience and walkability. Just a short walk away, Belvedere Square is a local favorite, featuring an eclectic mix of restaurants, cafes, and boutique shops, while the historic Senator Theatre offers a classic movie-going experience. Stoneleigh Lanes provides old-school bowling fun, and nearby parks offer green space for outdoor relaxation. Everyday conveniences are just minutes away, with a shopping plaza right up the road featuring Chipotle, Starbucks, and Giant Foods. For even more retail and dining options, Towson Town Center—home to Nordstrom, Macy’s, and a variety of high-end stores and restaurants—is less than three miles away. Cedarcroft attracts a highly educated and affluent tenant base, with a median household income of $203,237 and 77% of residents holding a bachelor’s degree or higher (per census data). With its walkability, access to amenities, and strong local demographics, this neighborhood remains a top choice for professional tenants and a smart investment location.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$176 USD /SF

# OF UNITS

2

PRICE/UNIT

$247,500

CAP RATE

8.48%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2-Unit Near Towson

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-1E

APN/PARCEL ID

5076B-005

ASK ABOUT THIS PROPERTY

Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

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Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

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