38 25Th St Baltimore, MD 21218
- Investment properties
- 7,290 SF
- 0.07 lot acres
Current Use by Public Records
- Investment properties
Property Details for 38 25Th St
- Year built
- 1900
- Construction
- BRICK
- Lot size
- 0.07 lot acres
- Property size
- 7,290 SF
- Zone code
- C-1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 12-03-3831 -034
- APU
- 12033831034
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore City
- State
- Maryland
- Longitude
- -76.6156
- Latitude
- 39.3182
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
