Northwest Baltimore Multifamily Investment
For Sale
Contact for pricing
Pending
3921 Maine Ave, Baltimore, MD 21207
Well-maintained 8-unit apartment building in Northwest Baltimore City.
Property Size6,560 SF
Days on Market182
Property Features for 3921 Maine Ave
General Information
Standard status
Pending
Size
6,560 SF
Property subtype
Multifamily
Zoning
R-1-E
Occupancy
100%
Building Details
Year Built
1966
Year Renovated
2020
Buildings
1
Stories
2
Units
8
Listing Agency:
Harbor Stone Advisors
Listed By:
Kevin Landolphi · License #5019982
Source:
Crexi
Added: Feb 20
Changed: Aug 8
Last Checked: Jul 24 at 6:11PM
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.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 21207, MD
46,595
Population
20,974
Households
2.2
Avg Household Size
41
Median Age
31%
College-Educated
90%
High-School Grad
10.3 sq mi
ZIP Area
4,524
Density / Sq Mi
$64,284
Median Household Income
$45,737
Median Earnings
$1,390
Median Rent
$248,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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 is the asking price?
The asking price for this property is $765,000.
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.
