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    902 Arion Park Rd Baltimore, MD 21229

    For Sale
    $600,000

    Fully occupied multifamily property with strong income potential in Baltimore.

    Building Details

    Year built
    1963

    Source: Midfield Realty Agent Menachem M. Dalfin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Baltimore Multifamily Investment Opportunity

    The property at 902 Arion Park Rd, Baltimore, MD 21229 is a fully occupied, well-maintained multifamily property. It features one 1-bedroom, three 2-bedroom, and three 3-bedroom units. All units are lead-free and include hardwood and tile flooring. A shared laundry area provides added convenience for tenants. The property generates approximately $7,416 in monthly rent, totaling $89,000 annually, with full occupancy. Pro forma gross income is projected at $117,264 in Year 1, with additional income potential from laundry and parking. Net operating income (NOI) is expected to reach $64,495 in Year 1 and $74,723 by Year 5, with the capitalization rate increasing from 10.75% to 12.45%, indicating strong cash flow and long-term value. The property is located in ZIP code 21229, which has a population of 44,687 residents and a median income of $55,457, reflecting strong rental demand. Nearby educational institutions include UMBC (10 miles), Coppin State (4 miles), UMB (6 miles), and Johns Hopkins (5 miles). UMMS, with over 28,000 employees, is also located nearby. This location ensures consistent demand and stable returns.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6869334
    Latitude
    39.2680929

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied multifamily property with strong income potential in Baltimore.
    Where is this apartment building located?
    The property is located at 902 Arion Park Rd Baltimore, MD.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Strong Cash Flow and Long-Term Value: Cap rate improving from 10.75% to 12.45%.; - High Current Income: Generates approximately $7,416 in monthly rent ($89,000 annually) with full occupancy.; - Projected NOI Growth: NOI expected to increase from $64,495 in Year 1 to $74,723 by Year 5.
    (410) 469-6643
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    902 Arion Park Rd Baltimore, MD 21229
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    Baltimore, MD 21229
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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
    902 Arion Park Rd Baltimore, MD 21229
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