3600 Greenmount Avenue | 5-Unit Guilford Value-Add Opportunity Ben Frederick Realty presents 3600 Greenmount Avenue, a five-unit apartment building in Baltimore’s prestigious Guilford neighborhood. Offered at $460,000, the property provides an attractive entry point of just $92,000 per unit. The unit mix includes two large and three smaller one-bedroom apartments, with three apartments currently occupied and two vacant. This is a full value-add opportunity. The two vacant apartments allow renovations to begin immediately, including a full gut renovation of the basement apartment. Existing units feature laminate countertops, primarily wood cabinetry, gas ranges, parquet or vinyl flooring, and cast-iron tubs with fiberglass or ceramic tile surrounds. Updating kitchens, bathrooms, flooring and paint throughout the building creates an opportunity to align rents with the market and increase long-term value. More than $83,000 in roof and related work was completed in 2026, including a new natural slate roof and EPDM membrane. This major capital improvement allows a purchaser to direct more of the rehabilitation budget toward the apartments. The property also offers three off-street parking spaces. The building is heated by a central gas-fired boiler with hot-water radiator distribution. Each apartment has an individual gas-fired water heater, and tenants pay for electric service and gas used for hot water and cooking. Six electric meters and six gas meters serve the property. Future water and heating bill-backs may provide an additional path to lower operating expenses and increase cash flow. 3600 Greenmount Avenue is within approximately 1.5 miles of Johns Hopkins University’s Homewood Campus, Loyola University Maryland, Notre Dame of Maryland University, MedStar Union Memorial Hospital, the Baltimore Museum of Art and Hampden’s 36th Street commercial district. Apartment buildings are rarely offered in Guilford, creating an opportunity to acquire a multifamily asset near major universities, employers and neighborhood amenities. Investment Highlights