CHARIS REALTY GROUP

3901 GROVELAND AVENUE

BALTIMORE , MD 21215

MLS#: MDBA2207684

$865,000

Status: Active
Listing number: MDBA2207684
Listing provided by: EXP Realty, LLC
Listing agent phone: None
Last update: 9 hours ago
New on site 1 day ago
Browse Properties
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1969

Sq.Footage

N/A

Welcome to 3901 Groveland Ave — one of Baltimore's most compelling multifamily investment opportunities of the year. This solid brick 10-unit apartment building in the sought-after West Arlington neighborhood is already cash-flowing at 90% occupancy, bringing in $8,355/month with a 4.95% cap rate on day one. But the real story is the upside. With in-place rents averaging just $928/unit against a market rate of $1,478/month, you're sitting on $66,000+ in untapped annual income — just waiting to be unlocked. Most leases are at-will, meaning you can start moving rents to market immediately. Renovate and stabilize all 10 units, and your pro forma NOI jumps to $97,000–$137,000+. Then convert the 11th unit on the lower level, and you've created even more value from day one. Every unit is a generous 2BR/1BA with a living room, dining room, kitchen, and hardwood-style floors. On-site laundry, off-street parking, and professional management are already in place. This is the turnkey value-add deal you've been waiting for. Serious inquiries only. Call today to schedule your private tour.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Window Unit(s), Gas

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick, Other

  • Parking

    Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.5

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $865,000

  • Tax Amount

    $14,974.98

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    007A

  • Water Source

    Public

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Listing Courtesy of Lynette M Jones , EXP Realty, LLC

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Agent Mary Neubauer

AGENT

Mary Neubauer

Call Mary today to schedule a private showing.

(301) 525-6274

neubauerhomes@gmail.com


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Welcome to 3901 Groveland Ave — one of Baltimore's most compelling multifamily investment opportunities of the year. This solid brick 10-unit apartment building in the sought-after West Arlington neighborhood is already cash-flowing at 90% occupancy, bringing in $8,355/month with a 4.95% cap rate on day one. But the real story is the upside. With in-place rents averaging just $928/unit against a market rate of $1,478/month, you're sitting on $66,000+ in untapped annual income — just waiting to be unlocked. Most leases are at-will, meaning you can start moving rents to market immediately. Renovate and stabilize all 10 units, and your pro forma NOI jumps to $97,000–$137,000+. Then convert the 11th unit on the lower level, and you've created even more value from day one. Every unit is a generous 2BR/1BA with a living room, dining room, kitchen, and hardwood-style floors. On-site laundry, off-street parking, and professional management are already in place. This is the turnkey value-add deal you've been waiting for. Serious inquiries only. Call today to schedule your private tour.

3901 GROVELAND AVENUE

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