4000 Northern Pkwy, Baltimore, MD 21215-4473

Property Details for 4000 Northern Pkwy

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.38 lot acres

Zone code

R-5

Property type

Medical Office Space

Property subtype

Medical centers

APN

27-23-4426B-034

APU

27234426B034

Description

This exceptional mixed-use property, located at 4000 W Northern Pkwy in Baltimore, Maryland, presents a compelling value-add investment opportunity. The 6,742 square foot building, constructed in 1970, sits on a 0.38-acre lot and features a total of five units: three professional office spaces and two residential apartments (one 1-bedroom and one 2-bedroom). The 1-bedroom apartment has been completely remodeled. The building boasts a 6,200 square foot net rentable area and currently enjoys an 89% occupancy rate. Ample parking is available with 18 spaces on-site. The property is zoned R-5 and benefits from a highly visible location on W Northern Pkwy, between Reisterstown Rd and Park Heights Ave, providing easy access to I-83, Liberty Rd, and a wealth of retail and service amenities. The projected Net Operating Income (NOI) for 2024 is $72,667. This two-story building offers a unique blend of commercial and residential income streams, making it an attractive investment for those seeking a strong return in a desirable Baltimore location. The property's address is 4000 W Northern Pkwy, Baltimore, MD 21215, and its APN is 4426B034.

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Longitude

-76.6907

Latitude

39.3498

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments