- For Sale $955,000
- Property Type Multi-Family
- Property Size 9,466 SF
- Units 1
- Lot Size 0.1 Acre
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1820
- Year Renovated 2016
- Date Updated Sep 2, 2026
Description
Discover the vibrant potential of the thriving Baltimore, MD neighborhood surrounding this sought-after property. Located in the heart of the city, the area offers a blend of historic charm and modern amenities to appeal to multifamily and high-rise investors. A short distance away, explore iconic attractions such as the Inner Harbor, renowned for its waterfront dining, entertainment, and shopping. Nearby, the historic Mount Vernon cultural district beckons with its world-class museums, theaters, and restaurants, adding to the allure of the location. With its rich history and dynamic urban energy, this area presents an exciting investment opportunity for multifamily and high-rise developers.Fully Occupied Mixed-Unit Apartment Building | Strong Investment Opportunity
K & M Commercial is pleased to exclusively offer this fully occupied mixed-unit apartment building, presenting an attractive opportunity for investors seeking stable, income-producing real estate. The property benefits from consistent occupancy, established cash flow, and a compelling 6.63% capitalization rate. Current rents remain below market, providing meaningful upside potential through future rent adjustments and improved revenue performance. With a proven income stream and additional value creation opportunities, this asset offers an appealing combination of stability, immediate cash flow, and long-term growth potential.
Highlights
- Attractive 6.63% Cap Rate: Offers investors a compelling current return profile.
- Below-Market Rents: Existing rents provide meaningful upside potential through future rent increases.
- Fully Occupied: Mixed-unit apartment building with consistent occupancy and an established income stream.
- Long-Term Growth Potential: Combines immediate cash flow and stability with opportunities to enhance revenue and overall property value.
- Strong Cash Flow: Produces stable, immediate rental income supported by a proven operating history.
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Contacts
Kayvan Mehrbakhsh, CCIM, MBA
K&M Commercial Real Estate
Location
Located at 18 W Franklin St, Baltimore, MD 21201, this property is part of the Mount Vernon neighborhood and Baltimore market.
Contact Listing Broker
Kayvan Mehrbakhsh, CCIM, MBA
K&M Commercial Real Estate