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5009 Roland Ave Baltimore, MD 21210

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For Sale
$1,500,000

Stabilized 8-unit apartment building in desirable Roland Park neighborhood.

Lot size:
0.28 Acres

Property Features for 5009 Roland Ave

General Information

Standard status
Active
Lot size
0.28 Acres

Building Details

Year built
1900

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Listing Contact
Will A Cannon Iii
Will A Cannon Iii
Source: Corcoran

Listing Agency: BEN FREDERICK REALTY, INC. Listing Agent: Will A Cannon Iii

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

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Overview

Roland Park Multifamily Investment Opportunity

Located in Roland Park, Baltimore, a planned suburb, the combined property at 5009–5011 Roland Avenue features eight apartments. The unit mix includes four two-bedroom, one-bath units; one two-bedroom, two-bath unit; two one-bedroom, one-bath units; and one studio apartment. Residences at 5009 Roland Avenue have kitchens with wood cabinetry, laminate countertops, and 30" electric ranges, with dishwashers in every unit. Select apartments include garbage disposals and a built-in microwave. Bathrooms are finished with modern vanities and ceramic-tile tub or shower surrounds. Living areas are primarily hardwood, complemented by carpeted bedrooms and ceramic tile baths. At 5011 Roland Avenue, interiors are upgraded with granite countertops, wood shaker cabinetry, and full appliance packages that include dishwashers, built-in microwaves, and disposals. Bathrooms offer ceramic-tile surrounds and contemporary vanities, while units feature a mix of hardwood flooring, carpeted bedrooms, and tile baths. In-unit washers and dryers and vinyl replacement windows are installed throughout. The property operates efficiently with separately metered electric service for each apartment, and every unit is equipped with an electric heat pump and central air conditioning. 5009 Roland Avenue is served by three separate gas-fired water heaters on a single gas meter, while 5011 Roland Avenue is a fully electric building with individual electric water heaters serving each unit. The property is located close to Loyola University Maryland, Notre Dame of Maryland University, and Johns Hopkins University. Roland Park Elementary/Middle School is a short walk from the property. The property offers modern interiors, tenant-paid utilities, and a proven rent roll.
Location Intelligence

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Apartment buildings

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Location Insight

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City
Baltimore
County
Baltimore
State
Maryland
Longitude
-76.6335912
Latitude
39.3537302

FAQs

What type of property is this?
Apartment building - Stabilized 8-unit apartment building in desirable Roland Park neighborhood.
Where is this apartment building located?
The property is located at 5009 Roland Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - Located in Roland Park, a highly desirable Baltimore neighborhood; - Fully stabilized 8-unit property with a proven rent roll; - Attractive 7.35% cap rate
More about this property
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