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Turn-Key Multifamily Investment Opportunity

1911 W BALTIMORE Street Baltimore, MD 21223

Claim this Listing
For Sale
$624,900

MULTI_FAMILY - BALTIMORE, MD

Property size:
3,200 SF
Lot size:
0.69 Acres
Price / SF:
$195/SF
Added:
Apr 3, 2026
Days on Market:
100
Last Refresh:
Jul 11 at 4:06 pm

Property Features for 1911 W BALTIMORE Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Standard status
Active
Size
3,200 SF
Lot size
0.69 Acres

Taxes and HOA fees

Tax Annual Amount
4505

Utilities

Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)

Building Details

Year built
1935
Number of units
4
Building materials
Brick

Listing agent Christopher J Cooke License #596183

Listing office Berkshire Hathaway HomeServices Homesale Realty 3500 Boston Street unit: Suite C, Lancaster, MD

Listing date Apr 3, 2026

MLS# MDBA2209638 Listing URL

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This is a fully operational six-unit multifamily property offering an investment opportunity with income potential. The well-maintained building features six spacious one-bedroom, one-bath units. Each unit is designed with functional layouts that include living areas, full kitchens, comfortable bedrooms, and full baths. The units are separately metered for gas and electric. Central air and heat are available throughout. A shared, coin-operated laundry facility is located in the basement. Currently, five of the six units are occupied, offering immediate cash flow. At full occupancy, the property is projected to generate approximately $6,500 per month in rental income. The property is located minutes from downtown Baltimore, with proximity to employment hubs, shopping centers, dining, and public transportation. The property is suited for investors looking to expand their portfolio. The property size is 3,200 square feet and the lot size is 0.69 acres.

Key Highlights

  • Brick 6‑unit multifamily building built in 1935 with central air and forced‑air heating throughout
  • Six 1‑bedroom, 1‑bath units; 5 units currently occupied for immediate income potential
  • All units are separately metered for gas and electric to help manage operating expenses

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $80.6k $25.20
− Vacancy −$4.8k −$1.51
EGI $75.8k $23.69
− OpEx −$34.1k −$10.66
NOI $41.7k $13.03
3,200 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$595.6K
$521.1K – $694.9K (±1% cap)
NOI $41,691 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$766.6K
$670.8K – $894.4K (±1% cap)
NOI $53,664 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency Skin Care Clinic Computer & Electronic Repair Accounting Firm HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Acupuncture (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Apartment building - Six-unit multifamily asset with strong income potential near downtown Baltimore.
Where is this apartment building located?
The property is located at 1911 W BALTIMORE Street Baltimore, MD.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Brick 6‑unit multifamily building built in 1935 with central air and forced‑air heating throughout; Six 1‑bedroom, 1‑bath units; 5 units currently occupied for immediate income potential; All units are separately metered for gas and electric to help manage operating expenses
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