Baltimore, MD 21217,2111 PARK AVE
Baltimore, MD 21217,2111 PARK AVE
Baltimore, MD 21217,2111 PARK AVE
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Listed by Yaakov Kanevsky • Midfield Realty
$1,590,000
Est. payment /mo
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2111 PARK AVE Baltimore, MD 21217

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Perfect Nest Real Estate Group

Perfect Nest Real Estate Group

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Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDBA2198282

Style Other

Year Built 1900

Annual Tax Amount $14,183

Tax Year 2026

Property Sub-Type Other

Source BRIGHT

Property Description

2107–2111 Park Avenue is a 16-unit multifamily investment opportunity located in Baltimore's Mount Royal/Reservoir Hill submarket, offering excellent access to major transportation corridors, Mount Royal/University of Baltimore Station, and Baltimore Penn Station. The property benefits from close proximity to Johns Hopkins University, MICA, the University of Baltimore, and the ongoing Reservoir Square revitalization—supporting long-term rental demand and neighborhood momentum.

The asset is currently underperforming, with average in-place rents of approximately $1,060 per unit, roughly 50% below the estimated market average of $1,800, creating a clear value-add runway through lease-up and rent growth. Gross rental income is projected to increase from approximately $181,000 at current rents to $352,000 in Year 1, driving NOI growth from $78,426 currently to approximately $219,380 in Year 1 as vacancy is absorbed and under-market units are brought to market rates.

The property offers spacious unit layouts with hardwood floors and private balconies, ample parking, shared laundry facilities, and separately metered gas and electric—helping reduce owner expense exposure. In addition, the deal is positioned to accommodate seller financing, creating a flexible capital structure that can reduce upfront equity requirements, improve cash-on-cash returns, and allow a buyer to execute the stabilization plan with more favorable terms than traditional bank financing.

Location

State MD

County Baltimore City

Zoning R-7

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0313113455 027

Ownership Other

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Roland Park Elementary/Middle School

    Public | PK - 8

  • 6

    Hampden Elementary/Middle School

    Public | PK - 8

  • 6

    Thomas Johnson Elementary/Middle School

    Public | PK - 8

  • 6

    Tunbridge Public Charter School

    Public | PK - 6

  • 5

    Hilton Elementary School

    Public | PK - 5

  • 5

    Rosemont Elementary/Middle School

    Public | PK - 8

  • 5

    Medfield Heights Elementary School

    Public | PK - 5

  • 5

    Mount Royal Elementary/Middle School

    Public | KG - 8

  • 5

    Cecil Elementary School

    Public | PK - 5

  • 4

    Gwynns Falls Elementary School

    Public | PK - 5

  • 4

    KIPP (Knowledge Is Power Program) Harmony

    Public | KG - 4

  • 4

    Mary Ann Winterling Elementary School at Bentalou

    Public | PK - 5

  • 4

    John Eager Howard Elementary School

    Public | PK - 5

  • 4

    Midtown Academy

    Public | KG - 8

  • 4

    Baltimore Montessori Public Charter School

    Public | PK - 5

  • 4

    Federal Hill Preparatory School

    Public | PK - 5

  • 4

    Northwood Appold Community Academy

    Public | KG - 5

  • 4

    Northwood Elementary School

    Public | PK - 5

  • 3

    New Song Academy

    Public | PK - 8

  • 3

    Charles Carroll Barrister Elementary School

    Public | PK - 5

Middle Schools 18
  • 4

    The Seed School of Maryland

    Public | 6 - 11

  • 4

    The Crossroads School

    Public | 6 - 8

  • 3

    Baltimore Leadership School for Young Women

    Public | 6 - 12

  • 3

    Stadium School

    Public | 6 - 8

  • 2

    Maryland Academy of Technology and Health Sciences

    Public | 6 - 12

  • 2

    National Academy Foundation

    Public | 6 - 12

  • 1

    ConneXions: A Community Based Arts School

    Public | 6 - 12

  • 1

    Academy for College and Career Exploration

    Public | 6 - 12

  • 1

    Booker T. Washington Middle School

    Public | 6 - 8

  • 1

    New Hope Academy

    Public | 6 - 12

  • 1

    Baltimore I.T. Academy

    Public | 6 - 8

  • 1

    The Reach! Partnership School

    Public | 8 - 12

  • 0

    Baltimore Montessori Public Charter Middle School

    Public | 6 - 8

  • 0

    Baltimore Design School

    Public | 6 - 10

  • 0

    St Ignatius Loyola Academy

    Private | 6 - 8

  • 0

    Mother Seton Academy

    Private | 6 - 8

  • 0

    Bluford Drew Jemison STEM Academy Middle School

    Public | 6 - 8

  • 0

    Woodbourne School at Conrad

    Private | 7 - 12

High Schools 20
  • 8

    Baltimore Polytechnic Institute

    Public | 9 - 12

  • 8

    Baltimore School for the Arts

    Public | 9 - 12

  • 6

    Western High School

    Public | 9 - 12

  • 6

    Baltimore City College

    Public | 9 - 12

  • 5

    Paul Laurence Dunbar High School

    Public | 9 - 12

  • 3

    Coppin Academy

    Public | 9 - 12

  • 2

    Carver Vocational-Technical High School

    Public | 9 - 12

  • 2

    Augusta Fells Savage Institute of Visual Arts

    Public | 9 - 12

  • 2

    Vivien T. Thomas Medical Arts Academy

    Public | 9 - 12

  • 1

    Frederick Douglass High School

    Public | 9 - 12

  • 1

    Independence School Local I

    Public | 9 - 12

  • 1

    Renaissance Academy

    Public | 9 - 12

  • 1

    Digital Harbor High School

    Public | 9 - 12

  • 1

    Mergenthaler Vocational-Technical High School

    Public | 9 - 12

  • 1

    Heritage High School

    Public | 9 - 12

  • 0

    Baltimore Liberation Diploma Plus High School

    Public | 9 - 12

  • 0

    Baltimore Youth Initiative High School

    Private | 9 - 12

  • 0

    Baltimore Talent Development

    Public | 9 - 12

  • 0

    Excel Academy @ Francis M. Wood High School

    Public | 9 - 12

  • 0

    The Community School

    Private | 9 - 12

School and business data provided by Attom Data.

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Perfect Nest Real Estate Group

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2111 PARK AVE