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About the Listing MIDRE1 - 3392438
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.
Listing Highlights
Status
Active
Days on Site
18
Property Type
Multi-Family
MLS ®
MDBA2198282
Year Built
1900
Total Square Footage
0
Lot/Acreage
N/A
County
Baltimore City
School District
Baltimore City Public Schools
Interior Details
- Bedrooms: 27
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 0
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: R-7
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $14,184
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
2111 Park Ave Baltimore, MD 21217
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