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3409 Greenmount Ave 2,086 SF 100% Leased Retail Building Baltimore, MD 21218 $357,372 CAD ($171.32 CAD/SF)
Investment Highlights
- Fully Occupied
- Waverly Neighborhood
- Storefront + Apartment
Executive Summary
3409 Greenmount Ave | Baltimore, MD – Income-Producing Mixed-Use Opportunity in Waverly
Fully tenant-occupied mixed-use property located in the vibrant Waverly neighborhood of Baltimore City. This two-unit building features a ground-level commercial space and a second-floor residential unit, offering immediate cash flow.
Investment Highlights:
• Current Monthly Income: $2,715
• Annual Gross Income: $32,580
• Two-unit mixed-use: 1 retail + 1 residential
• Separately metered electric
Main Level – Commercial Space ($1,800/month):
Secured under a 5-year lease (Nov 2025 – Oct 2030) with tenant responsible for utilities per lease terms. Features include a storefront with large glass display windows, laminate wood flooring in the lobby, and a flexible layout with retail area, storage room, open workspace, and mudroom. Kitchenette includes sink and refrigerator, plus a half bath.
Lower Level:
Full unfinished basement divided into two open areas, ideal for storage or utility use. Includes sump pump, gas water heater, forced hot air system, and two electrical panels.
Second Floor – Residential Unit ($915/month | Section 8):
Long-term tenant in place. One-bedroom, one-bath unit with private entrance. Carpeted living and bedroom areas, tile kitchen flooring, and forced hot air heat. Tenant pays BGE; landlord covers water.
Exterior Features:
Fenced backyard and A/C condenser unit.
A solid investment opportunity offering dependable rental income with both commercial and residential components in an established Baltimore neighborhood.
Fully tenant-occupied mixed-use property located in the vibrant Waverly neighborhood of Baltimore City. This two-unit building features a ground-level commercial space and a second-floor residential unit, offering immediate cash flow.
Investment Highlights:
• Current Monthly Income: $2,715
• Annual Gross Income: $32,580
• Two-unit mixed-use: 1 retail + 1 residential
• Separately metered electric
Main Level – Commercial Space ($1,800/month):
Secured under a 5-year lease (Nov 2025 – Oct 2030) with tenant responsible for utilities per lease terms. Features include a storefront with large glass display windows, laminate wood flooring in the lobby, and a flexible layout with retail area, storage room, open workspace, and mudroom. Kitchenette includes sink and refrigerator, plus a half bath.
Lower Level:
Full unfinished basement divided into two open areas, ideal for storage or utility use. Includes sump pump, gas water heater, forced hot air system, and two electrical panels.
Second Floor – Residential Unit ($915/month | Section 8):
Long-term tenant in place. One-bedroom, one-bath unit with private entrance. Carpeted living and bedroom areas, tile kitchen flooring, and forced hot air heat. Tenant pays BGE; landlord covers water.
Exterior Features:
Fenced backyard and A/C condenser unit.
A solid investment opportunity offering dependable rental income with both commercial and residential components in an established Baltimore neighborhood.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,086 SF
Building Class
C
Year Built
1920
Price
$357,372 CAD
Price Per SF
$171.32 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.80
Lot Size
0.06 AC
Zoning
C-1 - Commercial
Frontage
26’ on Greenmount Ave
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4049C-005 | Improvements Assessment | $284,273 CAD (2025) |
| Land Assessment | $58,564 CAD (2025) | Total Assessment | $342,837 CAD (2025) |
Property Taxes
Parcel Number
4049C-005
Land Assessment
$58,564 CAD (2025)
Improvements Assessment
$284,273 CAD (2025)
Total Assessment
$342,837 CAD (2025)
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3409 Greenmount Ave
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