902 Arion Park Rd - Apartments FOR SALE


Baltimore, MD 21229- Oaklee
$600,000 USD
410-376-8699
902 Arion Park Rd, Baltimore, MD for Sale
$600,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

902 Arion Park Rd
Baltimore, MD 21229
Oaklee


HIGHLIGHTS

  • Unit Mix: 1× 1-bedroom, 3× 2-bed/1-bath, 3× 3-bed/1-bath – appeals to varied tenant needs.
  • Common laundry area for tenant convenience + additional revenue.
  • Potential parking income to further boost returns.
  • Condition: Lead-free units with hardwood and tile flooring for safety and durability.
  • Location: Close to major employers (Johns Hopkins – 5 miles; UMMS – 28,000+ employees).

OVERVIEW

Financial Highlights The property generates about $7,416 in monthly rent ($89,000 annually) with full occupancy. Pro forma gross income is projected at $117,264 in Year 1, with added upside from laundry and parking. NOI is expected at $64,495 in Year 1 and $74,723 by Year 5, with the cap rate improving from 10.75% to 12.45%, offering strong cash flow and long-term value. Property Highlights 902 Arion Park Rd, Baltimore, MD 21229 is a fully occupied, well-maintained multifamily property with one 1-bedroom, three 2-bedroom, and three 3-bedroom units. All units are lead-free with hardwood and tile flooring. A shared laundry area adds tenant convenience. Location Highlights Located in ZIP 21229 with 44,687 residents, median income of $55,457, and strong rental demand. Nearby are UMBC (10 miles), Coppin State (4 miles), UMB (6 miles), Johns Hopkins (5 miles), and UMMS (28,000+ employees). This prime location ensures consistent demand and stable returns.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

7

PRICE/UNIT

$85,714

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,219 SF

ZONING

6

APN/PARCEL ID

7653-043

ASK ABOUT THIS PROPERTY

Yaakov KanevskyMidfield RealtyMore Info
410-376-8699

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

Yaakov KanevskyMidfield RealtyMore Info
410-376-8699

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