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3921 Maine Ave Baltimore, MD 21207

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For Sale
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Well-maintained 8-unit apartment building in Northwest Baltimore City.

Property size:
6,560 SF
Lot size:
0.48 Acres

Property Features for 3921 Maine Ave

General Information

Standard status
Active
Zoning
R-1-E
Size
6,560 SF
Lot size
0.48 Acres

Building Details

Year built
1966

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Listing Contact
Kevin Landolphi
Source: Crexi

Listing Agent: Kevin Landolphi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Northwest Baltimore Multifamily Investment Opportunity

The Maine Apartments present an opportunity to acquire a well-maintained multifamily asset in Northwest Baltimore City. The property features 8 spacious units, including six 1-bedroom, 1-bathroom units and two 2-bedroom, 1-bathroom units, totaling 6560 square feet. Current ownership renovated six units between 2020 and 2021, including new appliances, updated cabinets and countertops, refreshed bathrooms, and vinyl flooring. There is an opportunity for a new owner to continue the existing renovation scope on the two remaining classic units, while also organically increasing rents. Comparable properties in the area are achieving rents $200 higher on average than the subject property.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

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City
Baltimore
County
Baltimore
State
Maryland
Longitude
-76.6853278
Latitude
39.3265312

FAQs

What type of property is this?
Apartment building - Well-maintained 8-unit apartment building in Northwest Baltimore City.
Where is this apartment building located?
The property is located at 3921 Maine Ave Baltimore, MD.
What are key features of this property?
This property features: - Renovated Units: Six out of eight units were renovated between 2020 and 2021 with new appliances, updated cabinets and countertops, refreshed bathrooms, and vinyl flooring.; - Rental Upside: Opportunity to increase rents by $200 on average, based on comparable properties in the area.; - Value-Add Potential: Two remaining units offer a value-add opportunity through renovation.
More about this property
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