Six-Building Rental
2306 Whittier Avenue Baltimore, MD 21217
For Sale
$950,000
Pending
Bulk sale of six multifamily buildings totaling 18 rental apartments across multiple addresses.
Property Size2,580 SF
Days on Market120
Property Features for 2306 Whittier Avenue
General Information
Standard status
Pending
Size
2,580 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1900
Listing Agency:
Pavilion Real Estates L.L.C.
(202) 740-6708
Listed By:
Jason Ekus · License #653812
(202) 740-6708
Source:
Compass
Added: Apr 2
Changed: Jul 23
Last Checked: Jul 24 at 1:39PM
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 Pavilion Real Estates L.L.C.
Investment Insights
Based on property information with market context.
This for-sale portfolio consists of six multifamily buildings, with three rental units in each building for a total of 18 apartments. The package is being offered as a single bulk sale, including 2306, 2311, 2313, 2312, and 2315 Whittier Avenue, plus 2333 Reisterstown Road.
At 2313 Whittier, two units are currently occupied, while the remaining units are delivered vacant and ready for renovation. This creates a repositioning opportunity within the overall portfolio.
Across the remaining buildings, the offering presents a consistent multifamily configuration of three units per structure, suited for an owner/operator seeking portfolio-wide management and improvement execution throughout the group.
At 2313 Whittier, two units are currently occupied, while the remaining units are delivered vacant and ready for renovation. This creates a repositioning opportunity within the overall portfolio.
Across the remaining buildings, the offering presents a consistent multifamily configuration of three units per structure, suited for an owner/operator seeking portfolio-wide management and improvement execution throughout the group.
Key Highlights
- Value‑add bulk sale: six multifamily buildings with 18 total rental apartments
- Properties include 2306, 2311, 2313, 2312, and 2315 Whittier Ave, plus 2333 Reisterstown Rd
- Each building contains three rental units for a consistent 3‑unit‑per‑building layout
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 | $65.0k | $25.20 |
| − Vacancy | −$3.9k | −$1.51 |
| EGI | $61.1k | $23.69 |
| − OpEx | −$27.5k | −$10.66 |
| NOI | $33.6k | $13.03 |
2,580 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$480.2K
$420.2K – $560.2K
NOI $33,613 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$618.1K
$540.8K – $721.1K
NOI $43,267 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Bulk sale of six multifamily buildings totaling 18 rental apartments across multiple addresses.
Where is this apartment building located?
The property is located at 2306 Whittier Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Value‑add bulk sale: six multifamily buildings with 18 total rental apartments; Properties include 2306, 2311, 2313, 2312, and 2315 Whittier Ave, plus 2333 Reisterstown Rd; Each building contains three rental units for a consistent 3‑unit‑per‑building layout
