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217 E Preston St
Baltimore, MD 21202 Midtown Baltimore

$995,000 USD

Apartments For Sale • 5,500 SF

Property Details

Property Type Apartments
Total Building Size 5,500 SF
Lot Size 0.07 AC
Building Class B
Year Built 1900
Cap Rate 9.47 %
Zoning OR-2

94 Transit Score

95 Walk Score

                
                    Highlights
                
                                Two Blocks to Penn Station — Direct access to MARC and Amtrak makes this location ideal for tenants commuting to D.C. or New York.
                            
                                Two 5-Bedroom Rental Homes + Bonus Two 1-Bedroom Units — Maximize income with two full-size 5-bedroom rental homes
                            
                                Utility Reimbursement Built into Leases — Lease structure recaptures 100% of water, gas, and electric costs across all units, improving NOI.

Property Flyers

Preston217

Cap Rate:

9.47 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Penn Station (Penn Line - Maryland Area Regional Commuter Trains (The MARC))	2 min	6 min	0.3 mi
Camden Station (Camden Line - Maryland Area Regional Commuter Trains (The MARC))	6 min	-	1.9 mi
Transit/Subway	Drive	Walk	Distance
Penn Station (Penn Line - Maryland Area Regional Commuter Trains (The MARC))	2 min	6 min	0.3 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))	2 min	10 min	0.5 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))	2 min	11 min	0.5 mi
State Center (Metro Subway - Maryland Transit Administration Metro Subway (Baltimore Metro))	2 min	14 min	0.7 mi
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	19 min	1.0 mi
Airport	Drive	Walk	Distance
Baltimore/Washington International Thurgood Marshall	21 min	-	11.5 mi
Ronald Reagan Washington Ntl	69 min	-	44.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Tom Fair 410-235-9500 Ben Frederick Realty, Inc.

217 E Preston St Baltimore, MD 21202 Midtown Baltimore