Baltimore Multifamily Investment
3901 GROVELAND Ave, Baltimore, MD 21215
Solid 10-unit apartment building with significant income upside.
Type:Commercial
Lot size:
0.50 Acres- Added:
- Mar 24, 2026
- Days on Market:
- 59
- Last Refresh:
- Mar 20 at 12:33 pm
Property Features for 3901 GROVELAND Ave
General Information
- Standard status
- Active
- Lot size
- 0.50 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1969
Listing agent Akindele L Ajakaiye License #605649
Listing office (443) 296-2212
Listing date Mar 24, 2026
Source Elliman
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 Akindele L Ajakaiye
HighLights
- Significant income upside with in‑place rents averaging $928/unit compared to a market rate of $1,478/month, representing over $66,000 in potential annual income.
- Cash‑flowing 10‑unit apartment building with 90% occupancy, generating $8,355/month from day one.
- Opportunity to increase NOI to $97,000–$137,000+ by renovating and stabilizing all 10 units.
- Potential to create an 11th unit on the lower level for added value.
- Each unit features a spacious 2BR/1BA layout with living room, dining room, kitchen, and hardwood‑style floors.
- Turnkey operation with on‑site laundry, off‑street parking, and professional management already in place.
Overview
Located in the West Arlington neighborhood of Baltimore, 3901 Groveland Ave is a 10-unit apartment building constructed of brick. The property is currently operating at 90% occupancy, generating $8,355 per month. Existing leases are largely at-will, allowing for immediate adjustments to market rental rates. Each unit features two bedrooms, one bathroom, a living room, a dining room, a kitchen, and hardwood-style floors. On-site laundry facilities, off-street parking, and professional management are in place. There is an additional unit on the lower level that can be converted to increase value. The property is currently cash-flowing with a 4.95% cap rate.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.6842232
- Latitude
- 39.3405018
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FAQs
What type of property is this?
Apartment building - Solid 10-unit apartment building with significant income upside.
Where is this apartment building located?
The property is located at 3901 GROVELAND Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Significant income upside with in‑place rents averaging $928/unit compared to a market rate of $1,478/month, representing over $66,000 in potential annual income.; Cash‑flowing 10‑unit apartment building with 90% occupancy, generating $8,355/month from day one.; Opportunity to increase NOI to $97,000–$137,000+ by renovating and stabilizing all 10 units.
