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    31 Arlington Ave Baltimore, MD 21223

    Sponsored
    For Sale
    $399,900

    Baltimore 3-Unit Corner Building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This versatile Baltimore City property, located at 31 S Arlington Ave, 21223, is a three-unit building situated diagonally from the renovated Hollins Market. The ground floor offers a spacious commercial space, previously used as a restaurant, providing high visibility and potential for various businesses. The second floor features a charming one-bedroom apartment, while the third floor includes an efficiency unit, ideal for short-term rentals or single occupancy. Its prime location offers excellent accessibility and foot traffic, benefiting from proximity to UMAB Hospital and Downtown Baltimore. The ongoing neighborhood revitalization promises future growth and increased demand, making this a strong long-term investment opportunity. The asking price is $399,900. This multifamily property presents a unique blend of commercial and residential uses, suitable for investors seeking diverse income streams or entrepreneurs looking for a high-visibility location. The property's location in a rapidly developing area ensures significant potential for appreciation and rental income. This is a rare opportunity to acquire a well-positioned property in a thriving Baltimore neighborhood.

    Property Features for 31 Arlington Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • Three‑unit building at 31 S Arlington Ave, Baltimore, MD 21223, priced at $399,900.
    • Ground floor commercial space, previously a restaurant, offers high visibility and diverse business potential.
    • Second floor features a one‑bedroom apartment.
    • Third floor includes an efficiency unit, suitable for short‑term rentals.
    • Prime location near Hollins Market, UMAB Hospital, and Downtown Baltimore, offering high foot traffic and accessibility.
    • Strong long‑term investment opportunity in a rapidly revitalizing neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    minstorng store Restaurant England Eatery Soul Food Restaurant Noah2 Corporate Office

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market 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
    -76.6350475
    Latitude
    39.2877899

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    FAQs

    What type of property is this?
    Multifamily property - Baltimore 3-Unit Corner Building
    Where is this multifamily property located?
    The property is located at 31 Arlington Ave Baltimore, MD.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Three-unit building at 31 S Arlington Ave, Baltimore, MD 21223, priced at $399,900.; Ground floor commercial space, previously a restaurant, offers high visibility and diverse business potential.; Second floor features a one-bedroom apartment.
    Request Owner's contact information
    31 Arlington Ave Baltimore, MD 21223
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    Baltimore, MD 21223
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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
    31 Arlington Ave Baltimore, MD 21223
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