3433 Guilford Ter 4 Unit Apartment Building Offered at $797,320 CAD at a 7.84% Cap Rate Baltimore, MD 21218

3433 Guilford Terrace is a four-unit apartment building offered at $585,000 ($146,250 per unit) in Baltimore’s Oakenshawe neighborhood, a predominantly owner-occupied area where multifamily properties rarely become available. Based on market rents, the property projects a 7.85% cap rate, offering investors the opportunity to increase income through measured rent adjustments and light upgrades over time. The property benefits from proximity to Johns Hopkins University’s Homewood Campus and Union Memorial Hospital, two major institutional anchors that consistently support rental demand in North Baltimore.
The building contains four one-bedroom apartments with strong natural light from southern exposure and efficient layouts attractive to long-term tenants. The first-floor apartment was renovated in 2019 and includes hardwood flooring, granite countertops, stainless steel appliances, in-unit laundry, a separate heat pump and water heater, and a private screened porch. The second-floor apartment includes a private balcony, and all tenants share access to a large landscaped rear yard. Shared laundry is available for the remaining apartments.
The property is served by 400-amp electric service with five meters, individual electric heat pumps for two units, and radiator heat supplied by a gas-fired Weil-McLain hot water boiler for the upper apartments. One shared 50-gallon water heater serves three apartments, while the first-floor apartment has its own unit. The owner also provides building-wide internet service at approximately $60 per month ($15 per unit), offering an additional tenant amenity at minimal cost.
Located on a quiet, tree-lined block, the property carries a Walk Score of 90 and is within walking distance of Johns Hopkins University, Union Memorial Hospital, Charles Village retail, the year-round Waverly Farmers Market, and the Waverly branch of the Baltimore Public Library. These neighborhood amenities, combined with strong institutional employment anchors, support consistent occupancy and long-term rent growth.
3433 Guilford Terrace represents a rare multifamily opportunity in Oakenshawe, offering a stable income-producing asset with the potential to align rents with market levels in a tightly held North Baltimore submarket.