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Halethorpe Multifamily Investment Opportunity

4606 RIDGE Avenue, Halethorpe, MD 21227

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For Sale

Under Contract

$570,000

MULTI_FAMILY - Colonial - HALETHORPE, MD

Property size:

3,374 SF

Lot size:

0.29 Acres

Price / SF:

$168/SF

HighLights

4‑unit property with a mix of two 2bd/1bth units and two 1bd/1bth units in Halethorpe
Individually metered gas and electric with 4 separate entrances
Coin laundry on‑site
In‑place tenants have signed extensions through 2025 and 2026
Rents listed: 2bd units at $1,150/mo and $1,175/mo; 1bd unit at $1,100/mo (other 1bd unit vacant)
On‑site parking with driveway and parking lot; access to Marc Station, Route 1, and I‑695

We can help!

Listing Contact

David A Alvarado

For Sale

Under Contract

$570,000

MULTI_FAMILY - Colonial - HALETHORPE, MD

Property size:

3,374 SF

Lot size:

0.29 Acres

Price / SF:

$168/SF

Added:: Apr 17, 2025
Days on Market:: 424
Last Refresh:: Jun 14 at 11:06 am

Property Features for 4606 RIDGE Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Basement
Parking: 6
Parking features: Driveway, Parking Lot, Off Street
Interior features: Carpet
Appliances: Refrigerator, Oven/Range - Gas
Standard status: Active Under Contract
Size: 3,374 SF
Lot size: 0.29 Acres

Taxes and HOA fees

Tax Annual Amount: 4195

Utilities

Heating system: Other (Heating)
Cooling system: Ceiling Fan(s), Window Unit(s)

Building Details

Year built: 1915
Number of units: 4
Building materials: Frame, Vinyl Siding
Architectural style: Colonial

We can help!

Listing Contact

David A Alvarado

Listing agent David A Alvarado License #659462

Listing office Fairfax Realty Premier 10770 Columbia Pike unit: 250, Falls Church, MD

Listing date Apr 17, 2025

MLS# MDBC2124580 Listing URL

HighLights

4‑unit property with a mix of two 2bd/1bth units and two 1bd/1bth units in Halethorpe
Individually metered gas and electric with 4 separate entrances
Coin laundry on‑site
In‑place tenants have signed extensions through 2025 and 2026
Rents listed: 2bd units at $1,150/mo and $1,175/mo; 1bd unit at $1,100/mo (other 1bd unit vacant)
On‑site parking with driveway and parking lot; access to Marc Station, Route 1, and I‑695

Overview

This four-unit multifamily property in Halethorpe presents an opportunity for investment. The unit mix includes two one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units. Each unit is individually metered for gas and electric. The property features four separate entrances and a coin laundry. Tenants are currently in place with lease extensions through 2025 and 2026. Rents are as follows: Unit 1A (two-bedroom, one-bathroom) is leased for $1150 per month, Unit 1B (two-bedroom, one-bathroom) is leased for $1175 per month, Unit 2A (one-bedroom, one-bathroom) is currently vacant, and Unit 2B (one-bedroom, one-bathroom) is leased for $1,100 per month. The property has been maintained and offers potential to increase net operating income through renewals and renovations. The property provides on-site parking and access to the Marc Station, Route 1, and 695. The property size is 3374 square feet and the lot size is 0.287 acres.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Halethorpe
County: Baltimore
State: Maryland
Longitude: -76.68954
Latitude: 39.23881

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For sale
Quadplexes
MD
Halethorpe
21227
4606 RIDGE Avenue

What type of property is this?

Quadplex - Four-unit property with long-term tenants and value-add potential.

Where is this quadplex located?

The property is located at 4606 RIDGE Avenue Halethorpe, MD.

What is the asking price?

The asking price for this property is $570,000.

What are key features of this property?

This property features: 4‑unit property with a mix of two 2bd/1bth units and two 1bd/1bth units in Halethorpe; Individually metered gas and electric with 4 separate entrances; Coin laundry on‑site

4606 RIDGE Avenue, Halethorpe, MD 21227

MULTI_FAMILY - Colonial - HALETHORPE, MD

Property Features for 4606 RIDGE Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Halethorpe Victorian Triplex Investment Opportunity

Renovated Mixed-Use Building For Sale

Halethorpe Warehouse with Mezzanine Office

Retail Property Near Office Park

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