107 Monument St Baltimore, MD 21201
- Commercial real estate
- 8,334 SF
- 0.07 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 107 Monument St
- Year built
- 1893
- Lot size
- 0.07 lot acres
- Property size
- 8,334 SF
- Property type
- Commercial real estate
- APN
- 11-10-0532-010, 11-10-0532-011, 11-10-0532-014
Description
This exceptional multifamily investment opportunity presents a renovated apartment building situated in Baltimore's vibrant Historic Mount Vernon neighborhood. The property comprises three buildings, totaling 8,334 square feet, and features 34 units across four stories. The unit mix includes studios, one-bedroom, and two-bedroom apartments, many boasting stainless steel appliances, wood cabinets, granite countertops, and hardwood/LVT/carpet flooring. A significant renovation project, completed between 2018 and 2024, updated most units and included substantial capital improvements such as roof replacements and a new central hot water heater. The property currently enjoys a 94% occupancy rate and a 7.11% cap rate. Its prime location offers easy access to the Peabody Institute of the Johns Hopkins University and the University of Maryland Medical Center Midtown Campus, within a five-minute walk. The current below-market rents present a significant opportunity for organic rent increases, further enhancing the property's strong investment potential. The property sits on a 0.07-acre lot and is zoned OR-2. The APN numbers are 11-10-0532-010, 11-10-0532-011, and 11-10-0532-014. This fee-simple ownership offers a rare chance to acquire a well-maintained, high-performing asset in a desirable location. Two classic units remain to be renovated, presenting additional value-add potential for a new owner.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.6178374
- Latitude
- 39.2973178
