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5-Unit Apartment Building Opportunity
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3914 W Cold Spring Ln, Baltimore, MD 21215

Detached 5-unit apartment building, currently vacant, with separately metered units and on-site furnaces.

Property Size4,610 SF
Days on Market121

Property Features for 3914 W Cold Spring Ln

General Information

Standard status Active
Size 4,610 SF
Property subtype Multifamily
Zoning R-5

Additional Details

Highway Access Yes
Multifamily Units 5

Building Details

Stories 3
Tenancy Multi
Listing Agency: Alex Cooper Auctioneers, Inc
Listed By: Paul Cooper · License #MD 92125
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 3:30AM

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 Alex Cooper Auctioneers, Inc

Investment Insights

Based on property information with market context.

This detached, three-level 5-unit apartment building is zoned R-5 and is currently vacant. The property totals 3,570+/- square feet above grade with an additional 1,040+/- square feet below grade. Each unit is separately metered and has its own furnace, and all hot water heaters are located in the lower level. The seller states the property has a current Baltimore City Multifamily rental license for 5 units.

The building sits on West Cold Spring Lane just before Garrison Blvd. The drive is 3+/- miles to the Jones Falls Expressway, supporting convenient access north toward I-695 or downtown.

Units are separately metered, providing independent utilities for each apartment. With the building currently vacant, the property is positioned for an ownership transition that includes updating and renovating the interior units for future occupancy.

Key Highlights

  • Detached 5‑unit apartment building in Baltimore’s Callaway‑Garrison neighborhood
  • Building offers 3 levels with 3,570+/- SF above grade and 1,040+/- SF below grade
  • Each unit is separately metered and has its own furnace

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Kitchen & Bath Showroom Accounting Firm HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

788
Businesses Nearby

Demographics for 21215, MD

54,198
Population
24,876
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
84%
High-School Grad
6.8 sq mi
ZIP Area
7,970
Density / Sq Mi
$47,606
Median Household Income
$37,670
Median Earnings
$1,177
Median Rent
$189,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Detached 5-unit apartment building, currently vacant, with separately metered units and on-site furnaces.
Where is this apartment building located?
The property is located at 3914 W Cold Spring Ln Baltimore, MD.
What are key features of this property?
This property features: Detached 5‑unit apartment building in Baltimore’s Callaway‑Garrison neighborhood; Building offers 3 levels with 3,570+/- SF above grade and 1,040+/- SF below grade; Each unit is separately metered and has its own furnace
(410) 977-4707 Call to check price and availability
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