Property
Beds
21
Full Baths
None
1/2 Baths
None
Year Built
1898
Sq.Footage
1,080
11-Single Family Portfolio: 9 Lead-Free Homes in Baltimore This 11-unit Baltimore portfolio generates $176,252 annually, with a pro forma of $219,840 at market rents. Year 1 NOI is $131,904, growing to $152,822 by Year 5. Investors benefit from a 9.22% cap rate, rising to 10.69% by Year 5, offering strong cash flow and value-add potential. The portfolio features 9 out of 11 lead-free, two- and three-bedroom homes with 1–2 bathrooms, hardwood floors, granite countertops, updated cabinetry, and appliances. Select units (1219 Glyndon Ave, 1115 Carroll St) include in-unit washers/dryers, and 1202 Sargeant St has central A/C. Many offer basements for storage or expansion. Located in ZIP codes 21223, 21230, 21216, and 21218 (serving 128,000+ residents), the properties are near Johns Hopkins University (30,000+ students), University of Maryland, Baltimore (6,900 students, 8,000+ staff), and major employers like Johns Hopkins Hospital (30,000+ employees). Transit options include MARC Train, Metro SubwayLink, and Light RailLink for connectivity across Baltimore and to Washington, D.C. Addresses Part of Portfolio 1219 Glyndon Ave, Baltimore MD 21223 1238 Sargeant St, Baltimore MD 21223 1321 Glyndon Ave, Baltimore MD 21223 1407 W Ostend St, Baltimore MD 21223 1415 W Ostend St, Baltimore MD 21223 2305 Herkimer St, Baltimore MD 21230 2109 N Longwood St, Baltimore MD 21216 3225 Kenyon Ave, Baltimore MD 21213 442 E Lorraine Ave, Baltimore MD 21218 1115 Carroll St, Baltimore MD 21230
Features & Amenities
Interior
-
Total Bedrooms
21
-
Bathrooms
N/A
-
Above Grade Finished Area
1080.0
-
Cooling YN
YES
-
Cooling
Other
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Other
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Townhouse
-
Architectural Style
Other
Price
-
Sales Price
$130,000
-
Tax Amount
2364.72
-
Sq. Footage
1, 080
-
Price/SqFt
$120
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Other
-
Sewer
Public Sewer
-
Tax Lot
103
-
Water Source
Public
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Location
County
BALTIMORE CITY
Elementary School
Middle School
High School
Listing Courtesy of Menachem M. Dalfin , Midfield Realty
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