Value-Add Multifamily
For Sale
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1604 Park Ave, Baltimore, MD 21217
Seven-unit multifamily building with on-site coin-operated laundry and a small rear surface lot.
Property SizeContact for details
Days on Market133
Property Features for 1604 Park Ave
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Multifamily
Additional Details
Multifamily Units
7
Listing Agency:
Harbor Stone Advisors
Listed By:
Justin Verner · License #MD 630799
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 1:24AM
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 Harbor Stone Advisors
Investment Insights
Based on property information with market context.
1604 Park Ave is a seven-unit multifamily property with a unit mix of two studios, four one-bedroom/one-bath apartments, and one two-bedroom/one-bath apartment. Typical unit features include white appliances, wood cabinets, formica countertops, and hardwood/tile/vinyl flooring. Coin-operated laundry is available on-site, and there is a surface lot behind the building with room for 3 cars.
The property is described as a short walk from the Maryland Institute College of Art (MICA). Completed capital improvements include replacement of hallway flooring, exterior paint, and installation of a new thermostat to efficiently operate the boiler.
The offering highlights value-add opportunities for a new owner, including renovating all units and potentially implementing a water reimbursement program upon renewal and/or new lease, along with charging for parking. A suggested renovation scope includes stainless steel appliances, updated cabinets, resurfaced countertops, and updated bathrooms.
The property is described as a short walk from the Maryland Institute College of Art (MICA). Completed capital improvements include replacement of hallway flooring, exterior paint, and installation of a new thermostat to efficiently operate the boiler.
The offering highlights value-add opportunities for a new owner, including renovating all units and potentially implementing a water reimbursement program upon renewal and/or new lease, along with charging for parking. A suggested renovation scope includes stainless steel appliances, updated cabinets, resurfaced countertops, and updated bathrooms.
Key Highlights
- 7‑unit multifamily property with a mix of (2) studios, (4) 1 bed/1 bath, and (1) 2 bed/1 bath
- On‑site coin‑operated laundry
- Surface lot behind the building with parking room for 3 cars
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
3,242
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit multifamily building with on-site coin-operated laundry and a small rear surface lot.
Where is this apartment building located?
The property is located at 1604 Park Ave Baltimore, MD.
What are key features of this property?
This property features: 7‑unit multifamily property with a mix of (2) studios, (4) 1 bed/1 bath, and (1) 2 bed/1 bath; On‑site coin‑operated laundry; Surface lot behind the building with parking room for 3 cars
