902 Arion Park Road, Baltimore, MD 21229
- Beds
- 6
- Sqft
- 6,492
- Pool
- Yes
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
Financial Highlights
The property generates about $7,416 in monthly rent ($89,000 annually) with full occupancy. Pro forma gross income is projected at $117,264 in Year 1, with added upside from laundry and parking. NOI is expected at $64,495 in Year 1 and $74,723 by Year 5, with the cap rate improving from 10.75% to 12.45%, offering strong cash flow and long-term value.
Property Highlights
902 Arion Park Rd, Baltimore, MD 21229 is a fully occupied, well-maintained multifamily property with one 1-bedroom, three 2-bedroom, and three 3-bedroom units. All units are lead-free with hardwood and tile flooring. A shared laundry area adds tenant convenience.
Location Highlights
Located in ZIP 21229 with 44,687 residents, median income of $55,457, and strong rental demand. Nearby are UMBC (10 miles), Coppin State (4 miles), UMB (6 miles), Johns Hopkins (5 miles), and UMMS (28,000+ employees). This prime location ensures consistent demand and stable returns.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 6
- Square feet
- 6,492
- Year built
- 1963
Exterior features
- Pool
- Yes
Utilities
- Heating
- Forced air
- Cooling
- Other, Electric
- Sewer
- Public sewer
- Water
- Public
Taxes
- Tax Annual Amount (2025)
- $10,686.08
Public schools
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®#: MDBA2183396 Last checked: …
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