Description
Live in Roland Park!Own a three-unit building in one of Baltimore’s most desirable neighborhoods and offset your housing costs with rental income. With 20% down, an owner-occupant could live in one of the apartments for only $390 per month toward PITIor with 3.5% down, for approximately $1,310 per month, often less than local rent. (Contact us for details!) 5009 Roland Avenue is close to Roland Park Elementary/Middle, Loyola University Maryland, Johns Hopkins University, and Notre Dame of Maryland University, providing a convenient location surrounded by parks, cafés, and neighborhood amenities. Each apartment offers its own layout: one 1-bedroom, 1-bath; one 2-bedroom, 1-bath; and one 2-bedroom, 2-bath. Updated kitchens feature wood cabinetry, laminate counters, and modern appliances. All units include in-unit laundry, hardwood floors, and central air. For investors, the property performs well with a 7.72% cap rate and 6.8% projected cash-on-cash return, supported by tenant-paid electric and water/sewer, modern systems, and strong rental demand in Roland Park’s high-reputation market.
Details
| MLS # | MDBA2193324 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1900 |
| Days On Site | 286 |
| Listing Provided By | Ben Frederick Realty, Inc. | Will A Cannon III |
Features
| SQ Feet | 2,242 |
|---|---|
| Basement | Y |
| Units | 3 |
| Zoning | R-3 |
| Acreage | 0.18 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Heat Pump(s) |
Exterior
| Roof | Pitched, Rubber |
|---|---|
| Construction Materials | Frame |
| Foundation Details | Stone |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 7969 |
|---|
Area Information
| State | MD |
|---|---|
| County | BALTIMORE CITY MD |
| City | BALTIMORE |
| Zip Code | 21210 |
| Area | BALTIMORE CITY MD |
| Community Name | ROLAND PARK |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
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Learn More About This Property
| State | MD |
|---|---|
| County | BALTIMORE CITY MD |
| City | BALTIMORE |
| Zip Code | 21210 |
| Area | BALTIMORE CITY MD |
| Community Name | ROLAND PARK |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
 | $475,000Baltimore, MD 21210 |
 | $495,000629 Colorado AveBaltimore, MD 21210 |