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2107-2111 Park Ave
Baltimore, MD 21217 Reservoir Hill

$1,590,000 USD

Apartments For Sale  •  16,155 SF

Property Details

  • Property Type Apartments
  • Total Building Size 16,155 SF
  • Lot Size 0.02 AC
  • Building Class C
  • Year Built 1900
  • Zoning R080
76 Transit Score
75 Walk Score

Highlights

Value-Add Opportunity: Attractive price per unit compared to the local comps in the area.
Strong Demand Drivers: Close to Johns Hopkins University, MICA, the University of Baltimore, and the Reservoir Square revitalization
Value-Add Opportunity: Attractive price per unit compared to the local comps in the area.
Significant Upside: Current rents ~$1,050 vs. market ~$1,800, providing substantial revenue growth potential through lease-up and rent repositioning.
Income Growth: Gross rental income projected to increase from ~$176,000 at current rents to ~$352,000 in Year 1,
with NOI growing from ~$74,100 to ~$219,380 as units stabilize at market rates.

Amenities

  • Balcony
  • Laundry Facilities
  • Eat-in Kitchen
  • Hardwood Floors

Public Transportation

Commuter RailDriveWalkDistance
Penn Station (Penn Line - Maryland Area Regional Commuter Trains (The MARC)) 4 min - 1.4 mi
West Baltimore (Penn Line - Maryland Area Regional Commuter Trains (The MARC)) 8 min - 2.6 mi
Transit/SubwayDriveWalkDistance
North Avenue (Hunt Valley & BWI Marshall - Maryland Transit Administration Light Rail (Baltimore Light Rail), Timonium & Cromwell - Maryland Transit Administration Light Rail (Baltimore Light Rail)) 3 min 11 min 0.6 mi
Penn-North (Metro Subway - Maryland Transit Administration Metro Subway (Baltimore Metro)) 3 min 16 min 0.8 mi
Upton (Metro Subway - Maryland Transit Administration Metro Subway (Baltimore Metro)) 3 min 17 min 0.9 mi
University Of Baltimore/Mount Royal (Hunt Valley & BWI Marshall - Maryland Transit Administration Light Rail (Baltimore Light Rail), Penn Station & Camden Yards - Maryland Transit Administration Light Rail (Baltimore Light Rail), Timonium & Cromwell - Maryland Transit Administration Light Rail (Baltimore Light Rail)) 3 min 18 min 0.9 mi
Cultural Center (Hunt Valley & BWI Marshall - Maryland Transit Administration Light Rail (Baltimore Light Rail), Penn Station & Camden Yards - Maryland Transit Administration Light Rail (Baltimore Light Rail), Timonium & Cromwell - Maryland Transit Administration Light Rail (Baltimore Light Rail)) 4 min 18 min 0.9 mi
AirportDriveWalkDistance
Baltimore/Washington International Thurgood Marshall 23 min - 12.1 mi
Ronald Reagan Washington Ntl 70 min - 44.4 mi
Yaakov Kanevsky 410-376-8699 Midfield Realty
Yaakov Kanevsky 410-376-8699 Midfield Realty