797 Carroll St - Apartments FOR SALE


Baltimore, MD 21230- Washington Village
$625,000 USD
410-960-3962
797 Carroll St, Baltimore, MD for Sale
$625,000 USD
Apartments - FOR SALE
1/9
null | 7.26% Cap Rate

797 Carroll St
Baltimore, MD 21230
Washington Village


HIGHLIGHTS

  • Renovated, Mixed-Use Investment Opportunity in Pigtown
  • Ability to Organically Increase Rents
  • Excellent Location in Pigtown; 10 Minute Walk Away from University of Maryland, Baltimore and UMMC

OVERVIEW

Harbor Stone Advisors is pleased to offer the opportunity to acquire 797 Carroll St., a renovated mixed-use property located in Baltimore City's culturally rich Pigtown neighborhood. This vibrant area boasts numerous award-winning restaurants and unique shops. The property's prime location is also within a half-mile of major institutions and attractions, including the University of Maryland, Baltimore, University of Maryland Medical Center (UMMC), Camden Yards, and M&T Bank Stadium. 797 Carroll St. features 6 units with a mix of (2) Efficiencies and (3) 1 Br-1 Ba, as well as (1) commercial space. The commercial space is leased to a hair salon through December 2035. Current ownership completed a comprehensive renovation of the property between 2019 and 2024, leaving minimal deferred maintenance for a new owner. Typical apartment unit features include white/stainless steel appliances, granite/quartz/hard surface countertops, wood cabinets, and LVT/carpet flooring. Beyond the units, the current owner also replaced the sewage line, rebuilt the central staircase, and partially replaced the roof. Opportunities exist for a new owner to increase rents organically through unit turnover or lease renewals. Minor updates, such as adding stainless steel appliances to some units, could further enhance rental income potential.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

6

PRICE/UNIT

$104,167

CAP RATE

7.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

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

0.03 AC

LAND SF

1,437 SF

ZONING

R-8

APN/PARCEL ID

21-13-0857-033

ASK ABOUT THIS PROPERTY

Justin VernerHarbor Stone AdvisorsMore Info
410-960-3962

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Justin VernerHarbor Stone AdvisorsMore Info
410-960-3962

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