2620 Northern Pkwy Baltimore, MD 21214
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 2620 Northern Pkwy
- Year built
- 1986
- Property type
- Commercial real estate
Description
This exceptional 15-unit apartment building in Baltimore, MD, presents a compelling investment opportunity. Located at 2620-2630 E Northern Parkway, 21214, this two-story, 1986-built property enjoys a prime location near major employers, universities (including Morgan State and Johns Hopkins), and key highways, ensuring high occupancy rates. The unit mix comprises eleven spacious two-bedroom units and four one-bedroom units, many featuring desirable amenities such as balconies and vaulted ceilings in select units. All units are equipped with central air conditioning. Ample parking is available on-site. The property's strong value-add potential allows for a significant rent increase—projected at 30%—making it an attractive prospect for investors seeking substantial returns. The large floor plans and convenient location contribute to strong tenant demand and long-term stability. This well-maintained property offers a blend of immediate income and future growth potential, making it an ideal addition to any investment portfolio. The strategic location near educational institutions and major transportation arteries ensures consistent tenant occupancy and minimizes vacancy risks. This is a rare opportunity to acquire a multifamily property with significant upside potential in a thriving Baltimore neighborhood.
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
- State
- Maryland
- Longitude
- -76.5588633
- Latitude
- 39.3660527
