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    OFF-MARKET
    Commercial real estate

    2926 Christopher Ave, Baltimore, MD 21214

    Property ID
    US40-2148577
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Commercial real estate
    UPID US40-2148577
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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