823 Park Ave
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823 Park Ave
6 Unit Apartment Building $995,000 ($165,833/Unit) Baltimore, MD 21201
Investment Highlights
- Experience the perfect blend of modern luxury and historic charm at 823 Park Avenue, a stunning property in Baltimore’s Mount Vernon neighborhood.
- Owner’s unit features a two-story atrium, floor-to-ceiling windows, and a spacious family room that opens onto a 600-square-foot deck.
- Enjoy peace of mind with extensive renovations, including updated kitchens, bathrooms, a sprinkler system, and separate utilities for each unit.
- Boasting ~8,400 SF of above-grade space and panoramic skyline views, this property offers unmatched residential and commercial opportunities.
- With five rental units generating up to $13,000 in potential monthly income, 823 Park Avenue is a lucrative investment opportunity.
- From a sixth-floor deck with 270-degree views to carport parking and a rear brick patio, every detail of this property is designed to impress.
Executive Summary
823 Park Avenue is a one-of-a-kind property in the Historic Mount Vernon neighborhood of Baltimore City, offering a blend of residential and commercial opportunities. The building features a home office on the first level, five rental units, and a stunning owner’s unit spanning approximately 3,400 square feet across three upper levels. The owner’s unit is crowned by a sixth-floor deck that provides unobstructed 270-degree views of the Baltimore skyline. In total, the property includes approximately 8,400 square feet of above-grade space and an additional 1,500 square feet of finished lower-level storage, utility space, and a studio apartment.
The owner’s unit is designed to impress, featuring two bedrooms, two and a half bathrooms, and a two-story atrium entertainment area with floor-to-ceiling windows. A 30-foot kitchen and breakfast area lead to a spacious 600-square-foot family room with accordion glass doors that open onto a large deck, creating the perfect space for enjoying panoramic skyline views.
The rental portion of the property includes two two-bedroom apartments and three studio apartments. Four units generate $4,495 monthly rental income, while one two-bedroom unit remains vacant. With fair market rents for the two-bedroom units estimated at $1,500 to $1,700 per month, the property has significant potential to increase its monthly rental income to approximately $6,500. Additionally, the owner’s unit could be rented for $4,000 to $5,000 per month, and the first-floor office space offers a rental potential of $1,500 to $2,000 per month. Altogether, the property has the potential to generate $12,000 to $13,000 in monthly rental income.
823 Park Avenue has undergone extensive renovations and updates, including a 600-amp electric service, 56 new windows, new plumbing and feeder lines, updated bathrooms and kitchens, and separate gas and electric meters for each unit. A sprinkler system has been installed throughout the property, and there is carport parking for two vehicles and a sizeable rear brick patio.
This remarkable property combines modern amenities with historic charm, making it an exceptional opportunity in a highly desirable neighborhood.
The owner’s unit is designed to impress, featuring two bedrooms, two and a half bathrooms, and a two-story atrium entertainment area with floor-to-ceiling windows. A 30-foot kitchen and breakfast area lead to a spacious 600-square-foot family room with accordion glass doors that open onto a large deck, creating the perfect space for enjoying panoramic skyline views.
The rental portion of the property includes two two-bedroom apartments and three studio apartments. Four units generate $4,495 monthly rental income, while one two-bedroom unit remains vacant. With fair market rents for the two-bedroom units estimated at $1,500 to $1,700 per month, the property has significant potential to increase its monthly rental income to approximately $6,500. Additionally, the owner’s unit could be rented for $4,000 to $5,000 per month, and the first-floor office space offers a rental potential of $1,500 to $2,000 per month. Altogether, the property has the potential to generate $12,000 to $13,000 in monthly rental income.
823 Park Avenue has undergone extensive renovations and updates, including a 600-amp electric service, 56 new windows, new plumbing and feeder lines, updated bathrooms and kitchens, and separate gas and electric meters for each unit. A sprinkler system has been installed throughout the property, and there is carport parking for two vehicles and a sizeable rear brick patio.
This remarkable property combines modern amenities with historic charm, making it an exceptional opportunity in a highly desirable neighborhood.
Property Facts
| Price | $995,000 | Building Class | C |
| Price Per Unit | $165,833 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 10,250 SF |
| No. Units | 6 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | Parking Ratio | 0.2/1,000 SF |
| Apartment Style | Mid Rise |
| Price | $995,000 |
| Price Per Unit | $165,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 10,250 SF |
| No. Stories | 6 |
| Year Built | 1890 |
| Parking Ratio | 0.2/1,000 SF |
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 11-09-0515-011 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $946,367 |
PROPERTY TAXES
Parcel Number
11-09-0515-011
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$946,367
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