The property averages $1,115 per unit, well below the $1,340 market, creating clear rent upside. NOI is projected to grow from $46,418 in Year 1 to $50,756 by Year 7, with cap rates improving from 7.74% to 8.46%, supporting a strong value-add opportunity. This four-story, five-unit apartment building spans 3,000 SF on a 7,842 SF R-6 lot (built 1920). Units feature large bedrooms, hardwood floors, granite countertops, shaker cabinets, private baths, and HVAC. Walk Score 79 and Transit Score 72 support consistent demand. Located in Northwest Baltimore’s Liberty Square/Mondawmin area, the property is near major employers including Sinai Hospital ( 2.5 miles), University of Maryland Medical Center ( 4.5 miles), and Johns Hopkins ( 5.5 miles), along with Coppin State ( 0.8 miles) and other universities. It sits steps from Mondawmin Mall, Druid Hill Park, and the Metro, with strong access to bus routes and I-83.
Listed By
Agency Name: Midfield Realty
Agency Phone: 4104985408
Shown By
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
Agency Phone: +18003833535
2304 Tioga Parkway | MLS# MDBA2211264
This commercial property located at 2304 Tioga Parkway , Baltimore, MD 21215 is currently listed for sale with an asking price of $470,000. Tioga Parkway is located within the BALTIMORE CITY PUBLIC SCHOOLS school district. Search Baltimore real estate on www.homesale.com today.