11-Unit Apartment Building
814 Park Ave Baltimore, MD 21201
814 Park Ave, Baltimore, MD, 21201
$900,000
For Sale
$900,000
Multifamily asset with 4 studio and 7 one-bedroom units, plus a 4-car parking pad behind the building.
Days on Market28
Property Features for 814 Park Ave
General Information
- Standard status
- Active
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
Harbor Stone Advisors
Listed by
Justin Verner · License #630799
Source
Commercialcafe
Added: Jun 25 Updated: Jul 21 at 2:21PM Checked: Jul 21 at 2:21PM
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Investment Insights
Based on property information with market context.
814 Park is an 11-unit apartment building with a mix of four studio units and seven 1-bedroom, 1-bath units. Typical unit finishes include white appliances, granite countertops, wood cabinets, and hardwood, ceramic tile, or vinyl flooring. The property also includes a parking pad behind the building with space for 4 cars.
The asset is positioned in Historic Mount Vernon and is just blocks from the University of Maryland Medical Center (UMMC) Midtown Campus, with the Peabody Institute of The Johns Hopkins University about a 7-minute walk away. Access to public transportation includes a nearby LightRail Station less than a half-mile from the property, and a Subway Station less than one mile away.
The offering presents value-add opportunities including the ability to lightly renovate all units, with a suggested scope of stainless steel appliances, modern hardware and fixtures, and plank flooring. There is also an opportunity to cut the central boiler and install HVAC systems, making gas a direct tenant expense. Additional opportunities cited include implementing a water reimbursement program upon renewal or new lease and monetizing the existing off-street parking, along with potential to create 4 additional parking spaces behind the building where a garage was torn down.
The asset is positioned in Historic Mount Vernon and is just blocks from the University of Maryland Medical Center (UMMC) Midtown Campus, with the Peabody Institute of The Johns Hopkins University about a 7-minute walk away. Access to public transportation includes a nearby LightRail Station less than a half-mile from the property, and a Subway Station less than one mile away.
The offering presents value-add opportunities including the ability to lightly renovate all units, with a suggested scope of stainless steel appliances, modern hardware and fixtures, and plank flooring. There is also an opportunity to cut the central boiler and install HVAC systems, making gas a direct tenant expense. Additional opportunities cited include implementing a water reimbursement program upon renewal or new lease and monetizing the existing off-street parking, along with potential to create 4 additional parking spaces behind the building where a garage was torn down.
Key Highlights
- 11‑unit multifamily with (4) studios and (7) 1 bed, 1 bath units
- Parking pad behind the building for 4 cars; potential to add 4 more spaces where a garage was torn down
- Value‑add unit features include white appliances, granite countertops, wood cabinets, and hardwood/ceramic tile/vinyl flooring
Property Analytics
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FAQs
What type of property is this?
Apartment building - Multifamily asset with 4 studio and 7 one-bedroom units, plus a 4-car parking pad behind the building.
Where is this apartment building located?
The property is located at 814 Park Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 11‑unit multifamily with (4) studios and (7) 1 bed, 1 bath units; Parking pad behind the building for 4 cars; potential to add 4 more spaces where a garage was torn down; Value‑add unit features include white appliances, granite countertops, wood cabinets, and hardwood/ceramic tile/vinyl flooring
