5009 Roland Ave, Baltimore, MD 21210
- $545,000
- 2,242
- SqFt
- List Price
- $545,000
- Price Change
- ▼ $55,000 1779834016
- Days on Market
- 244
- Status
- ACTIVE
- MLS#
- MDBA2193324
- Living Area
- 2,242
- Lot Size (Acres)
- 0.18
- Style
- Converted Dwelling
- Year Built
- 1900
- County
- Baltimore City
- School District
- Baltimore City Public Schools
Property 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 PITI—or 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.
Additional Information
- Subdivision
- Roland Park
- Taxes
- $7969
- School District
- Baltimore City Public Schools
- Heating
- Heat Pump(s)
- Heating Fuel
- Electric
- Cooling
- Central A/C
- Roof
- Pitched, Rubber
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of Ben Frederick Realty, Inc.. Contact: 4102359500