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    2926 Christopher Ave Baltimore, MD 21214

    For Sale
    $850,000

    6-Unit Building, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a six-unit multifamily property located at 2926 Christopher Avenue and 6110 Harford Road, Baltimore, MD 21214. The property, situated on a corner lot, comprises five residential units and one retail storefront, all within a single building. Two additional parking spaces generate supplemental income via monthly rental ($150/month each). The property boasts a large yard and enjoys high visibility due to its main road location and proximity to a bus stop, enhancing tenant convenience and accessibility. Its strategic location within a Baltimore Enterprise Zone offers significant tax incentives, including real and income tax credits for property improvements and new employment. Nearby amenities include Morgan State University, Hamilton-Lauraville Main Street, Northwood Commons shopping, and major grocery stores (Safeway and Aldi). Johns Hopkins University and Hospital are also within a short driving distance. The current rental income provides a solid foundation, with significant potential for revenue growth through a projected 20% rent increase. The vacant retail space presents an additional opportunity to boost income through leasing to a suitable tenant, such as a laundromat or cleaning service. This property offers a compelling combination of strong cash flow, development potential, and attractive tax benefits.

    Property Features for 2926 Christopher Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • Large yard providing ample resident outdoor space.
    • Two parking spaces generate $300/month in additional income.
    • High visibility corner lot location on a main road with convenient bus stop access.
    • Six‑unit building (five residential, one retail) located at 2926 Christopher Avenue and 6110 Harford Road, Baltimore, MD 21214.
    • 20% rent increase potential.
    • Vacant retail space offers additional income potential.
    Property Profile Insight Report 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
    State
    Maryland
    Longitude
    -76.556129
    Latitude
    39.3588809

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    FAQs

    What type of property is this?
    Multifamily property - 6-Unit Building, Prime Location
    Where is this multifamily property located?
    The property is located at 2926 Christopher Ave Baltimore, MD.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Large yard providing ample resident outdoor space.; Two parking spaces generate $300/month in additional income.; High visibility corner lot location on a main road with convenient bus stop access.
    Request Owner's contact information
    2926 Christopher Ave Baltimore, MD 21214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2926 Christopher Ave Baltimore, MD 21214
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