78-Unit Affordable Apartment
For Sale
Contact for pricing
Pending
1228 Druid Hill Ave, Baltimore, MD 21217
Project-Based Section 8 support covers every residence under an MTM agreement.
Property SizeContact for details
Days on Market144
Property Features for 1228 Druid Hill Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
GREA
Listed By:
Ken Wellar · License #PA 10401252368
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 4:34PM
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 GREA
Investment Insights
Based on property information with market context.
This affordable multifamily portfolio comprises 78 family-oriented apartment units distributed across 29 properties. Every unit is supported by a Project-Based Section 8 HAP Contract under Option 3b, with an MTM Use Agreement scheduled to remain in place through 2035. The properties’ effective rents are below 70% of fair market rent, and the portfolio recorded REAC scores under 60 on its two most recent inspections.
The apartments are located along Druid Hill Avenue in Baltimore’s historic Upton neighborhood. Nearby institutions identified in the property information include the University of Maryland Medical Center, the Baltimore Convention Center, and Johns Hopkins University. Upton is primarily residential, with single-family homes and multifamily buildings, and is included within the area addressed by the West Baltimore Revitalization Plan.
The apartments are located along Druid Hill Avenue in Baltimore’s historic Upton neighborhood. Nearby institutions identified in the property information include the University of Maryland Medical Center, the Baltimore Convention Center, and Johns Hopkins University. Upton is primarily residential, with single-family homes and multifamily buildings, and is included within the area addressed by the West Baltimore Revitalization Plan.
Key Highlights
- 78‑unit family affordable housing portfolio
- 29 properties located in Baltimore, Maryland
- 100% of units supported by Project‑Based Section 8 HAP Contracts
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,828
Businesses Nearby
Explore this area
Business Placement
Demographics for 21217, MD
30,448
Population
20,064
Households
1.5
Avg Household Size
38
Median Age
22%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
14,499
Density / Sq Mi
$37,207
Median Household Income
$40,668
Median Earnings
$1,065
Median Rent
$175,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Project-Based Section 8 support covers every residence under an MTM agreement.
Where is this apartment building located?
The property is located at 1228 Druid Hill Ave Baltimore, MD.
What are key features of this property?
This property features: 78‑unit family affordable housing portfolio; 29 properties located in Baltimore, Maryland; 100% of units supported by Project‑Based Section 8 HAP Contracts
