286-Unit Apartment
For Sale
Contact for pricing
1101 1/2 Ramblewood Rd, Baltimore, MD 21239
Established multifamily property with renovation work completed and additional lease-up potential.
Property SizeContact for details
Days on Market140
Property Features for 1101 1/2 Ramblewood Rd
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
R5
Investment Type
Value Add
Building Details
Year Built
1948
Year Renovated
2024
Buildings
68
Stories
2
Units
286
Listing Agency:
Midfield Realty
(410) 498-5408
Listed By:
Yaakov Kanevsky · License #MD-5012433
Source:
Crexi
Added: Apr 15
Changed: Aug 30
Last Checked: Sep 1 at 7:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Midfield Realty
Investment Insights
Based on property information with market context.
Built in 1948, this R5-zoned apartment community contains 286 units in Northeast Baltimore. Ownership has completed renovation work, while remaining vacancy provides a basis for continued leasing activity. The property also includes approximately 25 lower-level spaces that may be evaluated for conversion to additional units, subject to applicable approvals.
The community is near Morgan State University, Towson University, Loyola University Maryland, Johns Hopkins University, and MedStar Good Samaritan Hospital. MTA bus routes provide nearby transit access. The offering includes a projected 10.35% pro forma cap rate and a stated 24-month stabilization period.
The community is near Morgan State University, Towson University, Loyola University Maryland, Johns Hopkins University, and MedStar Good Samaritan Hospital. MTA bus routes provide nearby transit access. The offering includes a projected 10.35% pro forma cap rate and a stated 24-month stabilization period.
Key Highlights
- 286‑unit apartment community in Northeast Baltimore
- R5 zoning and 1948 construction
- Ownership invested $3.5M in renovations
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
Explore this area
Business Placement
Demographics for 21239, MD
26,605
Population
12,621
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
93%
High-School Grad
2.9 sq mi
ZIP Area
9,174
Density / Sq Mi
$64,288
Median Household Income
$48,424
Median Earnings
$1,337
Median Rent
$191,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Established multifamily property with renovation work completed and additional lease-up potential.
Where is this apartment building located?
The property is located at 1101 1/2 Ramblewood Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $22,150,000.
What are key features of this property?
This property features: 286‑unit apartment community in Northeast Baltimore; R5 zoning and 1948 construction; Ownership invested $3.5M in renovations
