Value-Add Apartment
For Sale
Contact for pricing
Pending
706 Park Ave, Baltimore, MD 21201
Small multifamily with 11 units, including studios and 1- and 2-bedroom apartments, with partial occupancy and vacant units needing rehab.
Property SizeContact for details
Days on Market148
Property Features for 706 Park Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
36%
Additional Details
Multifamily Units
11
Building Details
Tenancy
Multi
Listing Agency:
Harbor Stone Advisors
Listed By:
Justin Verner · License #MD 630799
Source:
Crexi
Added: Apr 11
Changed: Aug 24
Last Checked: Sep 4 at 4:59AM
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.
706 Park Avenue Apartments is a value-add multifamily property featuring 11 units with a mix of (2) studio units, (7) 1-bedroom, 1-bath units, and (2) 2-bedroom, 2-bath units. Current ownership has completed various stages of unit demolition and light plumbing updates. Four of the 11 units are occupied by long-term tenants on month-to-month leases, while the remaining vacant units would require heavy rehabilitation to reach rentable condition.
The property is centrally located minutes from downtown Baltimore and is near Mercy Hospital, the University of Maryland Downtown Campus, and the University of Baltimore. Based on the current condition of the vacant units, construction could begin immediately following a change of ownership.
The existing floor plans are described as spacious, and there may be an opportunity to pursue historical tax credits (CHAP) in connection with completing renovations.
The property is centrally located minutes from downtown Baltimore and is near Mercy Hospital, the University of Maryland Downtown Campus, and the University of Baltimore. Based on the current condition of the vacant units, construction could begin immediately following a change of ownership.
The existing floor plans are described as spacious, and there may be an opportunity to pursue historical tax credits (CHAP) in connection with completing renovations.
Key Highlights
- 11‑unit multifamily at 706 Park Avenue with (2) studios, (7) 1 bed/1 bath, and (2) 2 bed/2 bath units
- Currently 4 of 11 units are occupied by long‑term tenants on month‑to‑month leases
- Ownership has completed stages of unit demolition and light plumbing updates on some units
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
36.4%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,358
Businesses Nearby
Explore this area
Business Placement
Demographics for 21201, MD
18,382
Population
11,468
Households
1.6
Avg Household Size
34
Median Age
47%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
14,140
Density / Sq Mi
$44,722
Median Household Income
$44,239
Median Earnings
$1,282
Median Rent
$221,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Small multifamily with 11 units, including studios and 1- and 2-bedroom apartments, with partial occupancy and vacant units needing rehab.
Where is this apartment building located?
The property is located at 706 Park Ave Baltimore, MD.
What are key features of this property?
This property features: 11‑unit multifamily at 706 Park Avenue with (2) studios, (7) 1 bed/1 bath, and (2) 2 bed/2 bath units; Currently 4 of 11 units are occupied by long‑term tenants on month‑to‑month leases; Ownership has completed stages of unit demolition and light plumbing updates on some units
