2111 PARK AVENUE

BALTIMORE, MD 21217

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 proximity to Johns Hopkins University, MICA, the University of Baltimore, and the ongoing Reservoir Square revitalization, supporting durable rental demand. The asset is currently underperforming, with average in-place rents of approximately $1,060 per unit, roughly 50% below the market average of $1,800, creating significant upside potential. Gross rental income is projected to grow from approximately $181,000 at current rents to $352,000 in Year 1, driving NOI growth from $78,426 currently to $219,380 in Year 1 as vacant and under-market units are leased at market rates The property features spacious units with hardwood floors and private balconies, ample parking, shared laundry facilities, and separately metered gas and electric, reducing owner expense exposure. The investment strategy centers on leasing stabilization and pushing rents to market levels, positioning the asset to deliver attractive cash flow growth and a compelling risk-adjusted return profile.

Listing courtesy of Midfield Realty



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