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Listed by Lynette Jones • EXP Realty, LLC

$865,000

Est. payment - /mo

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0.5 Acres Lot

Active

3901 GROVELAND AVE Baltimore, MD 21215

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDBA2207684

Year Built 1969

Annual Tax Amount $14,974

Tax Year 2025

Lot Size 0.499 Acres

Acres 0.5

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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.

Location

State MD

County Baltimore City

Zoning R-5

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C, Window Unit(s)

Heat Source Natural Gas

Exterior

Garage Spaces 5.0

Water Access N

Accessibility None

Total Parking Spaces 5

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0315012700 007A

Ownership Fee Simple

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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3901 GROVELAND AVE Baltimore, MD 21215

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Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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3901 GROVELAND AVE