Entity Owned Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Physician Medical Clinic
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Alternative Medicine Practice
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Physician Medical Clinic
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Crisis Center Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The R-5 Transitional Residential Zoning District is intended for those areas that facilitate a transition from primarily single-family neighborhoods to neighborhoods that contain a wider mix of housing types.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R-5 · Baltimore, MDThe R-5 Transitional Residential Zoning District is intended for those areas that facilitate a transition from primarily single-family neighborhoods to neighborhoods that contain a wider mix of housing types.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The R-5 Transitional Residential Zoning District is intended for those areas that facilitate a transition from primarily single-family neighborhoods to neighborhoods that contain a wider mix of housing types.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-5 in Baltimore, MD.
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