902 Arion Park Rd, Baltimore, MD 21229
Local realty services provided by:ERA Liberty Realty
902 Arion Park Rd,Baltimore, MD 21229
$600,000
- 6 Beds
- - Baths
- 6,492 sq. ft.
- Multi-family
- Pending
Listed by:menachem m. dalfin
Office:midfield realty
MLS#:MDBA2183396
Source:BRIGHTMLS
Price summary
- Price:$600,000
- Price per sq. ft.:$92.42
About this home
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.
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Home facts
- Year built:1963
- Listing ID #:MDBA2183396
- Added:50 day(s) ago
- Updated:November 01, 2025 at 07:28 AM
Rooms and interior
- Bedrooms:6
- Living area:6,492 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1963
- Building area:6,492 sq. ft.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$600,000
- Price per sq. ft.:$92.42
- Tax amount:$10,686 (2025)
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