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    4606 Ridge Ave Baltimore, MD 21227

    For Sale
    $595,000

    MULTI_FAMILY - Colonial - HALETHORPE, MD

    Property size:
    3,374 SF
    Lot size:
    0.29 Acres
    Days on Market:
    137
    Last Refresh:
    Dec 13 at 6:06 am

    Property Features for 4606 Ridge Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking
    6
    Parking features
    Off Street, Parking Lot, Driveway
    Interior features
    Carpet
    Appliances
    Refrigerator, Oven/Range - Gas
    Size
    3,374 SF
    Lot size
    0.29 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Ceiling Fan(s), Window Unit(s)

    Building Details

    Year built
    1915
    Number of units
    4
    Building materials
    Frame, Vinyl Siding
    Architectural style
    Colonial

    Fairfax Realty Select (703) 533-8660 [email protected]

    Listing agent David A Alvarado (240) 997-9506 License #659462

    Listing date Jul 30, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Halethorpe Multifamily Investment Opportunity

    This multifamily property in Halethorpe features four units with a mix of two 1-bedroom, 1-bathroom units and two 2-bedroom, 1-bathroom units. Each unit is individually metered for gas and electric, and the building has four separate entrances and coin laundry. The property, situated on a 0.29-acre lot, offers on-site parking and convenient access to the Marc Station, Route 1, and 695. The property has been well maintained and presents an opportunity to increase net operating income through renewals and renovations. Tenants are in place with extensions through 2025 and 2026. Current rents are $1150 per month for one 2-bedroom unit, $1175 per month for the other 2-bedroom unit, and $1100 per month for one 1-bedroom unit. One 1-bedroom unit is currently vacant and requires minimal work to prepare for leasing. The property offers a history of renting and potential as a stable long-term investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.68954
    Latitude
    39.23881

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property with long-term tenants and value-add potential.
    Where is this quadplex located?
    The property is located at 4606 Ridge Ave Baltimore, MD.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - Four units with a desirable mix of 2 - 2bd/1bth and 2 - 1bd/1bth units.; - Individually metered for gas and electric, simplifying utility management.; - Existing tenants with lease extensions through 2025 and 2026, providing immediate income.
    (240) 997-9506
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4606 Ridge Ave Baltimore, MD 21227
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