645 Washington Blvd - Apartments FOR SALE


Baltimore, MD 21230- Ridgely's Delight
$595,000 USD
410-235-9500
645 Washington Blvd, Baltimore, MD for Sale
$595,000 USD
Apartments - FOR SALE
1/52
null | 8.16% Cap Rate

645 Washington Blvd
Baltimore, MD 21230
Ridgely's Delight


HIGHLIGHTS

  • Walkable to University of Maryland, Baltimore - Over 6,500 students, faculty, and staff rely on off-campus housing—fueling steady demand for nearby re
  • High Renter Density Neighborhood - With 63% of residents renting, Ridgely’s Delight offers strong, stable occupancy and long-term investment potential
  • 2 Blocks to Oriole Park at Camden Yards - Appeals to tenants seeking walkable access to Baltimore’s sports, entertainment, and downtown districts.
  • Quick access to MLK Jr. Blvd, Light Rail and I-95 - Ideal for city-loving commuters, with fast connections to points north and south.

OVERVIEW

Ridgely's Delight 4-Unit Interiors: Tucked behind a wrought iron gate, the building sits slightly back from the street with a single brick path winding through mature landscaping. Inside, all units feature wood flooring throughout the living spaces and front-facing wood-frame, double-pane windows that preserve a traditional aesthetic. Remaining windows have been upgraded to vinyl replacements for improved efficiency. Kitchens are outfitted with wood cabinetry—three with laminate countertops, and one with a porcelain sink top. Most units have gas stoves; one includes a 24" electric range.  Bathrooms retain their original charm, with ceramic tile flooring, pedestal or vanity sinks, and a mix of two clawfoot tubs and two standard tubs. Utilities: Each unit in this Ridgely's Delight 4-unit is equipped with a mini-split system, providing electric heating and air conditioning with individual zone control—reducing energy waste and maintenance costs. A central 70-gallon gas-fired water heater serves the building. The water service has been upgraded with a 1" copper main, and all observable interior supply lines are copper; drain lines are either PVC or steel. Tenants enjoy access to a free shared laundry area and private basement storage rooms. All tenants currently pay their own gas and electric service and reimburse the landlord for public service electric, gas and water. Why Invest in Ridgely's Delight? With no on-campus housing, the University of Maryland Baltimore relies on surrounding neighborhoods to meet the needs of its 6,500+ students, faculty, and staff. The university offers 97 doctoral, master’s, baccalaureate, and certificate programs, and confers most of Maryland’s professional practice doctoral degrees—making housing in this area essential and in demand. The property is just two blocks from Oriole Park at Camden Yards and close to the Light Rail, offering tenants walkable access to entertainment, transit, and downtown. Its location along Martin Luther King Jr. Boulevard provides immediate access to I-95 and I-295, making it an ideal choice for students and professionals alike.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$199 USD /SF

# OF UNITS

4

PRICE/UNIT

$148,750

CAP RATE

8.16%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,051 SF

ZONING

R8

APN/PARCEL ID

0854-046

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.