Property Type
Quadruplex, Residential Income

0.07 Acres
Land Area

8
Bedrooms

Sqft
Area Size

1880
Year Built

Active

1729 Park Avenue, Baltimore, MD 21217

$699,000

Description

Turnkey 4-unit multifamily opportunity in a prime Baltimore location generating strong, consistent income from day one. This fully occupied asset consists of four 2-bedroom units (two 2BR/1BA and two 2BR/2BA) with a current gross monthly income of $6, 234 plus additional income from water reimbursements ($220/month) and pet fees ($55/month), bringing total monthly income to approximately $6, 509. Two units are in the process of renewing leases through May 2027, offering immediate stability, while one unit is on a month-to-month lease—providing flexibility for potential rent increases or owner-user strategy. All units are equipped with in-unit washers/dryers and dishwashers, enhancing tenant appeal and retention. The property has been well maintained with recent capital improvements, including multiple HVAC replacements (2023–2024), new water heaters (2025–2026), hardwood floor refinishing, and updated balcony flooring across units. Ideal for investors seeking a stabilized asset with strong in-place cash flow and upside potential, or for an owner-occupant looking to offset their mortgage with rental income. Conveniently located near downtown Baltimore, major commuter routes, and neighborhood amenities, ensuring continued rental demand.