1537 S Rolling Ave Baltimore, MD 21227

Located in the Historic Relay District, this fully stabilized four-unit multifamily property at 1537 South Rolling Road offers a blend of classic architectural charm and modern functionality. Constructed in 1890 and restored by an award-winning custom builder, the property features two 2-bedroom units and two 1-bedroom units, totaling approximately 3,198 square feet of above-grade living space, with an additional 657 square feet of basement storage or utility area. Unit 1 includes a versatile sitting room with a walk-out bay that can function as a second bedroom and offers two entrances. Unit 2 features preserved original oak paneling, walnut-inlaid oak flooring, a private covered porch, and a flexible floor plan with a bonus walk-through second bedroom suitable for a home office or studio, along with a private washer and dryer. The property generates approximately $65,400 in annual gross rental income, with current in-place rents of $1,450 per month for Unit 1, $1,350 per month for Unit 2, $1,300 per month for Unit 3, and $1,350 per month for Unit 4. With operating expenses of approximately $12,601, the Net Operating Income (NOI) is roughly $51,398. The property benefits from a 0% vacancy rate and a one-to-one onsite parking ratio. Situated on a 0.28-acre lot, this property is positioned to deliver dependable performance and long-term value appreciation.