5009 Roland Ave - Roland Park 3 Unit 3 Unit Apartment Building Offered at $837,552 CAD at a 7.70% Cap Rate Baltimore, MD 21210

5009 Roland Avenue contains one 1-bedroom, 1-bath apartment; one 2-bedroom, 1-bath apartment; and one 2-bedroom, 2-bath apartment. Kitchens feature wood cabinetry, laminate countertops, and 30? electric ranges, with dishwashers in every unit; two include garbage disposals, and one offers a built-in microwave. Bathrooms have modern vanities and ceramic tile tub or shower surrounds—three with steel tubs and one with a shower stall. Flooring is primarily hardwood in living spaces, with some carpet in bedrooms and ceramic tile in baths. Each apartment includes a stacked washer and dryer, providing convenience for tenants and supporting long-term occupancy.

Each apartment is equipped with an electric heat pump with central air conditioning. Hot water is supplied by gas-fired water heaters connected to a single gas meter, paid by the owner. The property has four electric meters, enabling tenants to pay for their own electric service. A savvy landlord would implement a Routine Utility Bill-back Service (RUBS) for gas service and water/sewer charges, improving monthly cash flow. Parking for 3 cars is available in the rear.

Roland Park is one of Baltimore’s most historic and sought-after neighborhoods, “originally developed in the late 19th century as one of the nation’s first planned garden suburbs. Designed with winding, tree-lined streets that follow the natural topography, the community blends architectural beauty with enduring civic engagement.” Residents enjoy the convenience of nearby shops, cafés, and institutions such as Eddie’s Market, Starbucks, and the Roland Park Library, all within walking distance of 5009 Roland Avenue. The neighborhood’s mix of natural beauty, architectural integrity, and proximity to downtown and I-83 makes it exceptionally livable while appealing to long-term, quality tenants. High-performing public and private schools, an active civic league, and consistently strong rental demand further underscore Roland Park’s reputation as one of Baltimore’s premier residential communities. Its location near Loyola University Maryland, Johns Hopkins University, and Notre Dame of Maryland University adds steady rental demand from graduate students, faculty, and medical professionals.