Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Other, Electric

  • Heating YN

    YES

  • Heating

    Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block, Brick

  • Parking

    Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    1.69

  • Property Type

    Commercial Sale

  • Property Sub Type

    Industrial

Price

  • Sales Price

    $2,200,000

  • Tax Amount

    18897.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    021

  • Water Source

    Public

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Listing Courtesy of Robert E Latshaw Jr. , Latshaw Commerical

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 - Commercial Sale

2001 ELGIN AVENUE

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Portfolio sale – all assets to be sold together.

1900 Maryland Ave (21218) and 100–102 W North Ave (21201)!

This multifamily investment offers 16 total units—15 residential and 1 commercial—presenting a rare opportunity in a strong, centrally located Baltimore corridor. The residential mix includes one 1-bedroom/1-bath unit and fourteen 2-bedroom units, with eight featuring 1 bath and six offering 1.5 baths. Unit 101 includes two additional rooms without windows and highlights the building’s durable brick construction.

Currently 70% occupied, the property generates $12,599 in monthly gross rent, providing immediate cash flow while offering substantial upside. A new owner can complete the lease-up, increasing gross monthly revenue to $28,600 with average stabilized rents of $1,823 per unit. Upon full stabilization and execution of the business plan, the asset is projected to achieve a 10.74% cap rate, making this a compelling lease-up value play with minimal operational risk.

Each unit is equipped with central A/C, forced air heating, hardwood flooring, granite countertops, in-unit laundry (select units), and individual electric meters for modern comfort and operational efficiency. The property is also lead-free, ensuring a safe and healthy living environment. Interior upgrades include luxury vinyl plank flooring, stainless steel appliances, and newly updated kitchens and baths.

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