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1404 Madison Ave 5 Unit Apartment Building $977,004 CAD ($195,401 CAD/Unit) 9.40% Cap Rate Baltimore, MD 21217
INVESTMENT HIGHLIGHTS
- All leases ready to be signed
- recently renovated in 2025
- On street parking
- 2 car garage with monthly rental of $100 each space
- 2+ miles from Baltimore Ravens Stadium and Baltimore Orioles Stadium
EXECUTIVE SUMMARY
Ready to GO investment property with 5 multiple units. All recently rented. Total annual rent roll is $66,000. Great cap rate of 8%! Rental license valid until March 2028. Each unit has charming hardwood floors, a full kitchen and full bath. The property has many of it's original 1920's charming wood details and moldings, high ceilings and large rooms. The windows were replaced recently and allow lots of natural light into the spaces. The lower level has multiple washer/dryers for the tenants use and an entire floor of storage. There is an enclosed exterior rear courtyard and two car garage. All current leases will carry into 2026. Please contact the listing agents with any questions or to schedule a showing.
PROPERTY FACTS
| Price | $977,004 CAD | Building Class | C |
| Price Per Unit | $195,401 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 9,000 SF |
| Cap Rate | 9.40% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.22/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R7 - mixed residential | ||
| Price | $977,004 CAD |
| Price Per Unit | $195,401 CAD |
| Sale Type | Investment |
| Cap Rate | 9.40% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 9,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2025 |
| Parking Ratio | 0.22/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R7 - mixed residential |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Storage Space
- Heating
- Ceiling Fans
- Crown Molding
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Family Room
- Framed Mirrors
- Pantry
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Walk Score®
Very Walkable (89)
Transit Score®
Rider's Paradise (90)
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1404 Madison Ave
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