Sold

717 Newington Avenue, Baltimore, MD 21217

Beds
5
Sqft
3,740

View property features, location on map, relevant school information and overview from seller's agent.

Listed byKeller Williams Lucido Agency
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Overview

Exceptional investment opportunity: Three well-maintained, separate units in a brick multifamily building. Offering a total of 5 bedrooms, 4 bathrooms, and 3,740 square feet in charming Reservoir Hill. The building features three separately leased units with stable rental histories, all registered with Baltimore City and lead-certified. All tenants are on 12-month leases and pay their own gas, electric, cable, and internet, with water paid by the owner due to non-separately metered service (water subsidy currently reimbursed by two of the three units). A BGE public service account covers common area lighting.Each unit offers functional layouts with updated finishes, hardwood flooring throughout, and is equipped with a stove, refrigerator, microwave, dishwasher, and in-unit washer and dryer, providing convenience and modern appeal for tenants.Unit 1 is a 2 bedroom, 1 bath, 1,000 square feet residence, includes a water subsidy. Unit 2 is a 2 bedroom, 2 bath, 1,200 square feet residence, currently vacant.Unit 3 is a 1 bedroom, 1 bath, 538 square feet residence, currently rented with water subsidy.The property includes a rear parking pad available to tenants in addition to street parking. A full rent roll and income statement are available, and the property has been professionally managed by Bay Management Group since early 2024. Additional highlights include strong rental demand in the area, an upcoming value-add opportunity with Unit 2’s turnover, and stabilized occupancy across the remaining units.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
5
Square feet
3,740
Year built
1905

Utilities

Heating
Exhaust fan, Natural gas, Forced air
Cooling
Central air, Ceiling fan(s), Electric
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2025)
$3,085

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: MDBA2200058 Last checked:

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