Other

902 ARION PARK ROAD

BALTIMORE , MD 21229

MLS#: MDBA2183396

$600,000

Status: Active
Listing number: MDBA2183396
Listing provided by: Midfield Realty
Listing agent phone: None
Last update: 4 hours ago
Browse Properties
NONE AVAILABLE - Residential Income

Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

1963

Sq.Footage

6,492

Financial Highlights The property generates about $7,416 in monthly rent ($89,000 annually) with full occupancy. Pro forma gross income is projected at $117,264 in Year 1, with added upside from laundry and parking. NOI is expected at $64,495 in Year 1 and $74,723 by Year 5, with the cap rate improving from 10.75% to 12.45%, offering strong cash flow and long-term value. Property Highlights 902 Arion Park Rd, Baltimore, MD 21229 is a fully occupied, well-maintained multifamily property with one 1-bedroom, three 2-bedroom, and three 3-bedroom units. All units are lead-free with hardwood and tile flooring. A shared laundry area adds tenant convenience. Location Highlights Located in ZIP 21229 with 44,687 residents, median income of $55,457, and strong rental demand. Nearby are UMBC (10 miles), Coppin State (4 miles), UMB (6 miles), Johns Hopkins (5 miles), and UMMS (28,000+ employees). This prime location ensures consistent demand and stable returns.

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    N/A

  • Above Grade Finished Area

    6492.0

  • Cooling YN

    YES

  • Cooling

    Other, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Other

  • Parking

    On Street

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Other

Price

  • Sales Price

    $600,000

  • Tax Amount

    10686.08

  • Sq. Footage

    6, 492

  • Price/SqFt

    $92

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    043

  • Water Source

    Public

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Location

County

BALTIMORE CITY

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Listing Courtesy of Menachem M. Dalfin , Midfield Realty

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Financial Highlights The property generates about $7,416 in monthly rent ($89,000 annually) with full occupancy. Pro forma gross income is projected at $117,264 in Year 1, with added upside from laundry and parking. NOI is expected at $64,495 in Year 1 and $74,723 by Year 5, with the cap rate improving from 10.75% to 12.45%, offering strong cash flow and long-term value. Property Highlights 902 Arion Park Rd, Baltimore, MD 21229 is a fully occupied, well-maintained multifamily property with one 1-bedroom, three 2-bedroom, and three 3-bedroom units. All units are lead-free with hardwood and tile flooring. A shared laundry area adds tenant convenience. Location Highlights Located in ZIP 21229 with 44,687 residents, median income of $55,457, and strong rental demand. Nearby are UMBC (10 miles), Coppin State (4 miles), UMB (6 miles), Johns Hopkins (5 miles), and UMMS (28,000+ employees). This prime location ensures consistent demand and stable returns.

902 ARION PARK ROAD

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