1321 GLYNDON AVE, Baltimore, MD 21223

• 1,200 sqft

Property Description

11-Single Family Portfolio: 9 Lead-Free Homes in Baltimore This 11-unit Baltimore portfolio generates $176,252 annually, with a pro forma of $219,840 at market rents. Year 1 NOI is $131,904, growing to $152,822 by Year 5. Investors benefit from a 9.22% cap rate, rising to 10.69% by Year 5, offering strong cash flow and value-add potential. The portfolio features 9 out of 11 lead-free, two- and three-bedroom homes with 1–2 bathrooms, hardwood floors, granite countertops, updated cabinetry, and appliances. Select units (1219 Glyndon Ave, 1115 Carroll St) include in-unit washers/dryers, and 1202 Sargeant St has central A/C. Many offer basements for storage or expansion. Located in ZIP codes 21223, 21230, 21216, and 21218 (serving 128,000+ residents), the properties are near Johns Hopkins University (30,000+ students), University of Maryland, Baltimore (6,900 students, 8,000+ staff), and major employers like Johns Hopkins Hospital (30,000+ employees). Transit options include MARC Train, Metro SubwayLink, and Light RailLink for connectivity across Baltimore and to Washington, D.C. Addresses Part of Portfolio 1219 Glyndon Ave, Baltimore MD 21223 1238 Sargeant St, Baltimore MD 21223 1321 Glyndon Ave, Baltimore MD 21223 1407 W Ostend St, Baltimore MD 21223 1415 W Ostend St, Baltimore MD 21223 2305 Herkimer St, Baltimore MD 21230 2109 N Longwood St, Baltimore MD 21216 3225 Kenyon Ave, Baltimore MD 21213 442 E Lorraine Ave, Baltimore MD 21218 1115 Carroll St, Baltimore MD 21230

Listing Status:

Active

Listing Office:

Midfield Realty : 4104985408

Listing Agent:

Menachem M. Dalfin : 4104696643

MLS ID:

MDBA2188138

Interior

• A/C: Other
• Heating: RadiatorOther
• Disability Feature: Other

Exterior

• General: Above GradeBelow Grade
• Style: Other

Construction

• General: Brick

Location

• Originating MLS: BRIGHT_MAIN
• School District: BALTIMORE CITY PUBLIC SCHOOLS
• County: BALTIMORE CITY-MD

Lot

• Zoning: R-80321040758 122

Utilities

• Utilities: Other
• Water: Other
• Sewer: Other

Financial

• Source: BRIGHT_MAIN

This listing courtesy of Menachem M. Dalfin, Midfield Realty