2111 Park Ave, Baltimore, MD 21217
Local realty services provided by:CENTURY 21 Downtown
2111 Park Ave,Baltimore, MD 21217
$1,590,000
- 27 Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: yaakov kanevsky
Office: midfield realty
MLS#:MDBA2198282
Source:BRIGHTMLS
Price summary
- Price:$1,590,000
About this home
2107–2111 Park Avenue is a 16-unit multifamily investment opportunity located in Baltimore’s Mount Royal/Reservoir Hill submarket, offering excellent access to major transportation corridors, Mount Royal/University of Baltimore Station, and Baltimore Penn Station. The property benefits from proximity to Johns Hopkins University, MICA, the University of Baltimore, and the ongoing Reservoir Square revitalization, supporting durable rental demand.
The asset is currently underperforming, with average in-place rents of approximately $1,060 per unit, roughly 50% below the market average of $1,800, creating significant upside potential. Gross rental income is projected to grow from approximately $181,000 at current rents to $352,000 in Year 1, driving NOI growth from $78,426 currently to $219,380 in Year 1 as vacant and under-market units are leased at market rates
The property features spacious units with hardwood floors and private balconies, ample parking, shared laundry facilities, and separately metered gas and electric, reducing owner expense exposure. The investment strategy centers on leasing stabilization and pushing rents to market levels, positioning the asset to deliver attractive cash flow growth and a compelling risk-adjusted return profile.
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Home facts
- Year built:1900
- Listing ID #:MDBA2198282
- Added:1 day(s) ago
- Updated:January 16, 2026 at 06:51 PM
Rooms and interior
- Bedrooms:27
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1900
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,590,000
- Tax amount:$14,183 (2026)
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