About This Home

This 0-bedroom, 0-bathroom other at 3901 GROVELAND Avenue in Baltimore, MD is listed for $825,000. Built in 1969, on a 0.50 acres lot.

Key Features

  • Built in 1969
  • 0.50 acre lot
  • 5 parking spaces

Property Details

5 spaces
1969

Amenities

A/C
Listing Description

Price Reduction!!! Welcome to 3901 Groveland Ave - one of Baltimore's most compelling multifamily investment opportunities of the year. This solid brick 10-unit apartment building in the sought-after West Arlington neighborhood is already cash-flowing at 90% occupancy, bringing in $8,355/month with a 4.95% cap rate on day one.

But the real story is the upside. With in-place rents averaging just $928/unit against a market rate of $1,478/month, you're sitting on $66,000+ in untapped annual income - just waiting to be unlocked. Most leases are at-will, meaning you can start moving rents to market immediately.

Renovate and stabilize all 10 units, and your pro forma NOI jumps to $97,000-$137,000+. Then convert the 11th unit on the lower level, and you've created even more value from day one. Every unit is a generous 2BR/1BA with a living room, dining room, kitchen, and hardwood-style floors. On-site laundry, off-street parking, and professional management are already in place. This is the turnkey value-add deal you've been waiting for. Serious inquiries only. Call today to schedule your private tour.

Monthly Cost Estimate

$4,412/mo

20% down · 6.5% · 30 years

Principal$597
Interest$3,575
Insurance$241

Estimates only. Actual payments may vary.

Location

3901 GROVELAND Avenue

Baltimore, MD 21215

Property Details

Construction

Brick

Parking

Parking Lot

Heating

Forced Air

Cooling

Central AirWindow Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom other at 3901 GROVELAND Avenue is listed at $825,000. The estimated monthly payment is $4,413 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1969, 0.50 acre lot, 5 parking spaces.

This property is listed by Lynette M Jones.

LJ

Lynette M Jones

License 605649

Agent at eXp Realty LLC

Listed by eXp Realty LLC · Broker phone: (888) 860-7369 · Broker website

MLS# MDBA2207684· Source: Bright MLS· 224 days on PropertySimple

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3901 GROVELAND Avenue, Baltimore, MD 21215

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