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2111 Park Ave
For Sale $1,590,000
$1,590,000
- 2 Units
- Unknown Sq Ft
- Unknown Sq Ft
- Unknown Cap Rate
Description
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 close proximity to Johns Hopkins University, MICA, the University of Baltimore, and the ongoing Reservoir Square revitalization—supporting long-term rental demand and neighborhood momentum.
The asset is currently underperforming, with average in-place rents of approximately $1,060 per unit, roughly 50% below the estimated market average of $1,800, creating a clear value-add runway through lease-up and rent growth. Gross rental income is projected to increase from approximately $181,000 at current rents to $352,000 in Year 1, driving NOI growth from $78,426 currently to approximately $219,380 in Year 1 as vacancy is absorbed and under-market units are brought to market rates.
The property offers spacious unit layouts with hardwood floors and private balconies, ample parking, shared laundry facilities, and separately metered gas and electric—helping reduce owner expense exposure.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,590,000 |
| Property Type | Other |
| Usable Sqft | 0 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 0313113455 027 |
| MLS # | MDBA2198282 |
| Property ID | 320638120 |
| Lot Sqft | Unknown |
| Zoning | R-7 |
| Total Units | 2 |
| Days on Market | 15 |
| Original List Price | Unknown |
| Date Updated | January 29, 2026 |
| Date Created | January 15, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Yaakov Kanevsky an agent of .
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Data last updated: January 30, 2026.
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Robert Crawford
REAL ESTATE AGENT