2111 Park Ave, Baltimore, MD 21217

Baltimore
Local realty services provided by:ERA Reed Realty, Inc.
2111 Park Ave,Baltimore, MD 21217
$1,590,000
  • 27 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: yaakov kanevsky
Office: midfield realty
MLS#:MDBA2198282
Source:BRIGHTMLS

Price summary

  • Price:$1,590,000

About this home

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...

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Home facts

  • Year built:1900
  • Listing ID #:MDBA2198282
  • Added:58 day(s) ago
  • Updated:March 16, 2026 at 07:36 AM

Rooms and interior

  • Bedrooms:27

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1900
  • Construction Materials:Brick

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,590,000
  • Tax amount:$14,183 (2026)

Parking

  • Parking description:On Street

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