3211 Guilford Ave - Apartments FOR SALE


Baltimore, MD 21218- Abell
$455,000 USD
410-235-9500
3211 Guilford Ave, Baltimore, MD for Sale
$455,000 USD
Apartments - FOR SALE
1/28
null | 8.91% Cap Rate

3211 Guilford Ave
Baltimore, MD 21218
Abell


HIGHLIGHTS

  • 4 Apartments in Charles Village: A manageable multifamily property located directly across from MedStar Union Memorial Hospital and 2 blocks from JHU
  • Below-Market Rents Create Immediate Upside: Existing rents provide room for meaningful growth through market-rent alignment
  • Much of the Utility Separation is Already in Place: Individual apartment water heaters, four gas meters, and five electric meters

OVERVIEW

Ben Frederick Realty is pleased to offer 3211 Guilford Avenue, a four-unit multifamily property located in Baltimore’s Charles Village neighborhood. The property is positioned directly across from MedStar Union Memorial Hospital, one block from the Johns Hopkins Shuttle, and two blocks from the Johns Hopkins University Homewood Campus—placing it within walking distance of two of the area’s strongest employment and rental-demand drivers. The property includes three one-bedroom apartments and one studio apartment. Existing rents remain well below projected market levels, providing an opportunity to grow income within the current four-unit configuration. Long-term ownership and deferred maintenance also create additional value-creation paths through apartment renovations and capital improvements. Much of the utility separation is already in place. The property has five electric meters, four gas meters, and individual water heaters serving each apartment. Tenants pay for electric, cooking gas, and hot water, while the owner pays for heat and cold water. 3211 Guilford provides investors an opportunity to acquire a manageable four-unit asset in an established Baltimore rental market with immediate rent-growth potential, existing utility separation, and multiple paths to stronger long-term performance.

FOR SALE DETAILS

PRICE

$455,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

4

PRICE/UNIT

$113,750

CAP RATE

8.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4-Unit By MedStar Union Memorial

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,394 SF

ZONING

R6

APN/PARCEL ID

3877-048

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 Notice.