Multi-Family, Townhouse $ 445,000

717 NEWINGTON AVE

Baltimore, MD 21217

  • 2,765 SqFt
  • 1905 Year Built
Exceptional investment opportunity: Three well-maintained, separate units in a brick multifamily building. Offering a total of 5 bedrooms, 4 bathrooms, and 3,740 square feet in charming Reservoir Hill. The building features three separately leased units with stable rental histories, all registered with Baltimore City and lead-certified. All tenants are on 12-month leases and pay their own gas, electric, cable, and internet, with water paid by the owner due to non-separately metered service (water subsidy currently reimbursed by two of the three units). A BGE public service account covers common area lighting.Each unit offers functional layouts with updated finishes, hardwood flooring throughout, and is equipped with a stove, refrigerator, microwave, dishwasher, and in-unit washer and dryer, providing convenience and modern appeal for tenants.Unit 1 is a 2 bedroom, 1 bath, 1,000 square feet residence, includes a water subsidy. Unit 2 is a 2 bedroom, 2 bath, 1,200 square feet residence, currently vacant.Unit 3 is a 1 bedroom, 1 bath, 538 square feet residence, currently rented with water subsidy.The property includes a rear parking pad available to tenants in addition to street parking. A full rent roll and income statement are available, and the property has been professionally managed by Bay Management Group since early 2024. Additional highlights include strong rental demand in the area, an upcoming value-add opportunity with Unit 2's turnover, and stabilized occupancy across the remaining units.
Listed by Keller Williams Lucido Agency

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family, Townhouse

    Sub Type Interior Row/Townhouse

    Listing Status Under Contract

    Purchase Type For Sale

    Square Footage 2, 765 sqft

    Price per Sqft $160

    Subdivision Reservoir Hill

    MLS Listing ID MDBA2200058

    Style Colonial

    Abv Grd Liv Area 2,765

    Year Built 1905

    Available Date 2026-02-13

    Annual Tax Amount $3,085

    Tax Year 2025

    Property Sub-Type Interior Row/Townhouse

    Source BRIGHT

  • Location

    State MD

    County Baltimore City

    Zoning R-8

  • Building

    Foundation Other

    Above Ground Finished SqFt 2765

    Sewer Public Sewer

    Water Public

    Architectural Style Colonial

    Additional Building Above Grade, Below Grade

    New Construction N

  • Interior

    Interior Features Ceiling Fan(s), Kitchen - Eat-In, Wood Floors

    Hot Water Natural Gas

    Heating Forced Air

    Cooling Central A/C

    Inclusions See Disclosures

    Equipment Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Stove, Refrigerator, Washer, Water Heater

    Fireplace N

    Window Features Double Pane

    Appliance Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Stove, Refrigerator, Washer, Water Heater

    Heat Source Natural Gas

  • Exterior

    Exterior Feature Balcony

    Water Access N

    Accessibility None

    Porch Balcony

    Garage N

  • Schools

    Elementary Schools Call School Board

    Middle Schools Call School Board

    High Schools Call School Board

    School District Baltimore City Public Schools

  • Others

    Tax ID 0313113446 079

    Ownership Fee Simple

    SqFt Source 2765

    Security Features Carbon Monoxide Detector(s),Smoke Detector

    Acceptable Financing Cash, Conventional, FHA

    Listing Terms Cash, Conventional, FHA

    Financing Cash,Conventional,FHA

    Special Listing Condition Standard

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