11 Unit Portfolio in Baltimore
Multifamily | 11 Units | $130,000/unit
Marketing description
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
Investment highlights
Stable Current Income – The 11-unit portfolio generates approximately $176,252 in annual income.
Upside Potential – Stabilized pro forma gross income is projected at $219,840 once rents reach market levels.
Strong NOI Growth – Year 1 pro forma Net Operating Income (NOI) of $131,904, growing to $152,822 by Year 5.
Attractive Cap Rate – Current 9.22% cap rate, expected to increase to 10.69% by Year 5.
9 out 11 Properties are Lead-Free with well-planned 2- and 3-bedroom layouts and 1–2 bathrooms.
Modern Amenities – Features include hardwood floors, granite countertops, in-unit washer/dryer, A/C, and essential appliances.
Extra Space – Selected homes include basements for storage or additional living areas.
Prime Locations – Properties are located across 21223, 21230, 21216, and 21218 ZIP codes, serving a target population of ~128,000 residents.
Proximity to Employment Hubs – Near major employers including Johns Hopkins Hospital (30,000+ employees) and University of Maryland Medical Center (~8,000 employees).
Excellent Transit Access – Close to MARC Train, Metro SubwayLink, and Light RailLink, providing convenient commuting throughout Baltimore and to Washington, D.C.
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