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Listing MDBA2234662 , Baltimore, MD 21223
$370,000
Est. Payment: $1,969.30/mo
4 Bed
4 Bath
1216 Sqft
0.14 Acres
Status: active | Days on site: 18
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GRYS1 - 136386
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House Description

RECENTLY UPDATED, FULLY LEASED PORTFOLIO The offering consists of two side-by-side brick duplexes totaling four residential units, with all units currently leased. Recent improvements include flooring, paint, bathroom fixtures, and serviced HVAC systems, providing a solid physical foundation for continued operations while limiting the need for significant immediate capital improvements. ATTRACTIVE IN-PLACE CASH FLOW 1051 & 1053 Desoto Road presents an opportunity to acquire a fully leased four-unit multifamily portfolio for $370,000, generating approximately $29,751 of annual NOI. The offering provides investors with an approximately 8.0% in-place capitalization rate, delivering immediate cash flow from a stabilized, fully occupied residential portfolio. STRATEGIC MORRELL PARK LOCATION Situated in Baltimore's Morrell Park neighborhood, the property offers convenient access to major transportation routes, employment centers, and area amenities. The property is approximately five minutes fromI-95/Beltway access and Ascension Saint Agnes Hospital, eight minutes from I-295, 10 minutes from the west Baltimore MARC station, and 12minutes from Downtown Baltimore. The property is also adjacent to the Wilkens Avenue commercial corridor and within a short walk of Morrell Park Elementary. LOW-COMPLEXITY MULTIFAMILY INVESTMENT The four-unit configuration offers an efficient scale of ownership while maintaining the benefits of a diversified multifamily asset. with 100%occupancy, separately metered gas and electric, four assigned parking spaces, and recent servicing of the HVAC systems, the property provides an ownership profile designed to minimize day-to-day operational complexity. The compact portfolio allows an investor to capture multifamily rental income without the management demands typically associated with larger, more operationally intensive assets.

Highlights

Listed by Ari Firoozabadi , 2022802722 Greysteel Company LLC , 2022802722. Bright MLS

Property Type

Townhome

Lot/Acreage
0.14

Year Built

1942

County

Baltimore City

Neighborhood

Mill Hill

School District

Baltimore City Public Schools

Listing ID

MDBA2234662

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Above Ground Sq Ft:1216
Other:
  • ▪ Main Floor Bedrooms:4
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Lot Dimensions:19'2" x 122'6"
Zoning:R-6
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$1,969
Taxes
$393

Home Price

$370,000

Loan Details

30 yrs
7%

Down Payment

20%
$74,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,969.30

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,969.30 $393.00 $0.00 $2,362.30
Yearly $23,631.54 $4,716.00 $0.00 $28,347.54
Total $708,946.34 $141,480.00 $0.00 $850,426.34
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Baltimore, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T17:14:43.000Z

© 2026 Bright MLS