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Listed by Yaakov Kanevsky • Midfield Realty
$470,000
Est. payment /mo
New
2304 TIOGA PKWY Baltimore, MD 21215
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Liberty Square
MLS Listing ID MDBA2211264
Year Built 1920
Annual Tax Amount $1,536
Tax Year 2025
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
The property averages $1,115 per unit, well below the $1,340 market, creating clear rent upside. NOI is projected to grow from $46,418 in Year 1 to $50,756 by Year 7, with cap rates improving from 7.74% to 8.46%, supporting a strong value-add opportunity.
This four-story, five-unit apartment building spans 3,000 SF on a 7,842 SF R-6 lot (built 1920). Units feature large bedrooms, hardwood floors, granite countertops, shaker cabinets, private baths, and HVAC. Walk Score 79 and Transit Score 72 support consistent demand.
Located in Northwest Baltimore's Liberty Square/Mondawmin area, the property is near major employers including Sinai Hospital ( 2.5 miles), University of Maryland Medical Center ( 4.5 miles), and Johns Hopkins ( 5.5 miles), along with Coppin State ( 0.8 miles) and other universities. It sits steps from Mondawmin Mall, Druid Hill Park, and the Metro, with strong access to bus routes and I-83.
This four-story, five-unit apartment building spans 3,000 SF on a 7,842 SF R-6 lot (built 1920). Units feature large bedrooms, hardwood floors, granite countertops, shaker cabinets, private baths, and HVAC. Walk Score 79 and Transit Score 72 support consistent demand.
Located in Northwest Baltimore's Liberty Square/Mondawmin area, the property is near major employers including Sinai Hospital ( 2.5 miles), University of Maryland Medical Center ( 4.5 miles), and Johns Hopkins ( 5.5 miles), along with Coppin State ( 0.8 miles) and other universities. It sits steps from Mondawmin Mall, Druid Hill Park, and the Metro, with strong access to bus routes and I-83.
Location
State MD
County Baltimore City
Zoning R-6
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0315303251 026
Ownership Other
Special Listing Condition Standard
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