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38 25Th St Baltimore, MD 21218

Sponsored
For Sale
$995,000

7-unit building, high NOI, strong cap rate.

Property size:
9,755 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents two attached mixed-use buildings situated on a prime corner lot in Baltimore's desirable Charles Village neighborhood. The property boasts a total of 9,755 square feet and comprises seven self-contained units, offering a compelling blend of residential and commercial space. The buildings, constructed in 1900 and renovated in 2005, feature three stories each and sit on a 0.074-acre lot zoned C-1. The substantial net operating income (NOI) of $62,314 translates to an attractive 6.26% capitalization rate at the asking price of $995,000. The commercial spaces, totaling approximately 2,000 square feet, present significant upside potential. Previous uses include a liquor store, bar, and a large eat-in deli, highlighting the versatility of these spaces. The office suite includes a full bath, and most of the residential units are two-bedroom apartments with two full bathrooms. A large, unfinished basement (2000+ sq ft) offers additional expansion possibilities. This property's high visibility on two busy thoroughfares ensures strong tenant occupancy and significant rental income. This is a rare chance to acquire a well-maintained multifamily property with substantial commercial potential in a highly sought-after Baltimore location.

Property Features for 38 25Th St

General Information

Property type
Multifamily properties
Square Feet
9,755 SF
Lot Size
3,223 SF

Building Details

Year Built/Renovated
1900/2005
Buildings
2
Stories
3
Units
7

HighLights

  • Prime corner lot in Charles Village with two buildings.
  • Mixed‑use property featuring apartments, office, and commercial spaces.
  • Seven self‑contained units totaling approximately 9,755 square feet.
  • Two highly visible commercial spaces.
  • Commercial spaces include a former liquor store, bar, and large deli.
  • High visibility on two busy streets.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Baltimore
County
Baltimore City
State
Maryland
Longitude
-76.6155742
Latitude
39.3180711

FAQs

What type of property is this?
Multifamily property - 7-unit building, high NOI, strong cap rate.
Where is this multifamily property located?
The property is located at 38 25Th St Baltimore, MD.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime corner lot in Charles Village with two buildings.; Mixed-use property featuring apartments, office, and commercial spaces.; Seven self-contained units totaling approximately 9,755 square feet.
More about this property
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