Marcus & Millichap is pleased to present the exclusive offering of the Reservoir Street Apartments located at 726 Reservoir Street Baltimore, Maryland, 21217. The Reservoir Street Apartments totals three units with a unit mix consisting of two two-bedroom, one bathroom units, and one one-bedroom one-bathroom unit. The property is situated in Reservoir Hill and is a short drive to Interstate-83, West North Avenue, Baltimore Penn station. Additionally, the property is only a short walking distance to the Druid Hill Park, Druid Hill Lake, and the Baltimore Zoo. Living in Reservoir Hill offers residents an urban feel and most residents rent their homes. The neighborhood of Reservoir Hill offers a number of bars, restaurants, coffee shops, and parks, that residents can enjoy.
The City of Baltimore is known as the city of neighborhoods due to its many defined districts within the city limits. Baltimore is one of the most populated cities in the United States and is the largest city in the state of Maryland. Baltimore is 40-miles northeast of Washington, D.C. providing easy access for commuters in the area. Historically, Baltimore's economy was driven by industry, and manufacturing out of the Port of Baltimore but has shifted over the last decade to a more service-based economy. Baltimore's top employers include Johns Hopkins University, Johns Hopkins Hospital, McCormick & Company, Under Armour, and Royal Farms.
Over the past three years the market rental rates for the City of Baltimore have steadily increased and are expected to continue to increase. The average occupancy for Baltimore has remained around 94%.
