Preferences
United States
> Maryland
> Baltimore City
> Baltimore
> 21223

Undisclosed Address

Baltimore, Maryland, 21223, United States

Property ID: #16663182 // Residential // Source Status: Active
    / 8
Traditional Sale
List Price:
USD $370,000
Icon 1,216 ft²
Icon 0.14 acres
Icon 4 beds
Icon 4 baths
City:
Baltimore
State:
Maryland
Zip Code:
21223
County:
Baltimore City
Neighborhood:
Mill Hill
Country:
United States
Property Type:
Residential
Additional Property Types:
Residential, Townhouse
Year Built:
1942
Property Size:
1,216 ft²
Lot Size:
0.14 acres
Beds:
4
Total Baths:
4
Data Source:
Bright MLS
MLS/Reference Number(s):
MDBA2234662
Source Status:
Active
Source Property Type:
Residential, Townhouse

Property Provided By

  • Ari Firoozabadi
  • Greysteel Company LLC
  • +1 (202) 280-2722

Property Information

RECENTLY UPDATED, FULLY LEASED PORTFOLIO The offering consists of two side-by-side brick duplexes totaling four residential units, with all units currently leased. Recent improvements include flooring, paint, bathroom fixtures, and serviced HVAC systems, providing a solid physical foundation for continued operations while limiting the need for significant immediate capital improvements. ATTRACTIVE IN-PLACE CASH FLOW 1051 & 1053 Desoto Road presents an opportunity to acquire a fully leased four-unit multifamily portfolio for $370,000, generating approximately $29,751 of annual NOI. The offering provides investors with an approximately 8.0% in-place capitalization rate, delivering immediate cash flow from a stabilized, fully occupied residential portfolio. STRATEGIC MORRELL PARK LOCATION Situated in Baltimore's Morrell Park neighborhood, the property offers convenient access to major transportation routes, employment centers, and area amenities. The property is approximately five minutes fromI-95/Beltway access and Ascension Saint Agnes Hospital, eight minutes from I-295, 10 minutes from the west Baltimore MARC station, and 12minutes from Downtown Baltimore. The property is also adjacent to the Wilkens Avenue commercial corridor and within a short walk of Morrell Park Elementary. LOW-COMPLEXITY MULTIFAMILY INVESTMENT The four-unit configuration offers an efficient scale of ownership while maintaining the benefits of a diversified multifamily asset. with 100%occupancy, separately metered gas and electric, four assigned parking spaces, and recent servicing of the HVAC systems, the property provides an ownership profile designed to minimize day-to-day operational complexity. The compact portfolio allows an investor to capture multifamily rental income without the management demands typically associated with larger, more operationally intensive assets.

Directions

...

Source Disclaimer

Bright MLS

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which RealtyHive LLC/Micoley.com LLC participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This content last updated on 2026-11-03 01:49:38. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

Ask AI about this property

Have questions about this property? Our AI can provide detailed answers based on the property information and uploaded documents.

AI Response:

This information is generated by AI based on available property data and documents. Please verify important details independently.

Example questions you can ask:

  • • What are the property taxes for this home?
  • • Tell me about the neighborhood and local amenities
  • • What financing options are available?
  • • Are there any known issues with the property?
  • • What upgrades or renovations have been made?

Other Properties in the Area