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Listed by Nick Dunstan • Coldwell Banker Realty - Washington
$4,300,000
Est. payment /mo
3,254 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDBA2230448
Year Built 1905
Available Date 2026-09-10
Annual Tax Amount $43,846
Tax Year 2026
Lot Size 3,254 Sqft
Acres 0.07
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Rare opportunity to acquire a substantial multifamily investment property in the heart of historic Mount Vernon. 700 Park Avenue offers the compelling combination of strong in-place income, high occupancy, and significant value-add potential. Current rents remain well below their long-term potential, creating substantial upside through rent optimization, natural turnover, and strategic unit improvements while maintaining existing cash flow.
Ideally positioned in one of Baltimore's most established and architecturally significant neighborhoods, the property offers convenient access to Downtown Baltimore, major universities, hospitals, employment centers, cultural institutions, dining, and transportation. An exceptional opportunity to acquire meaningful scale in Mount Vernon with immediate income and considerable long-term rental and NOI growth potential. Offered as-is.
Ideally positioned in one of Baltimore's most established and architecturally significant neighborhoods, the property offers convenient access to Downtown Baltimore, major universities, hospitals, employment centers, cultural institutions, dining, and transportation. An exceptional opportunity to acquire meaningful scale in Mount Vernon with immediate income and considerable long-term rental and NOI growth potential. Offered as-is.
Location
State MD
County Baltimore City
Zoning OR-2
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Wall Unit
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Elevator
Garage N
Building
Sewer No Septic System
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0311100522 001
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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NEARBY SCHOOL & BUSINESS
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