3211 Guilford Ave - 4-Unit By MedStar Union Memorial 4 Unit Apartment Building Offered at $455,000 at a 8.91% Cap Rate Baltimore, MD 21218

Ben Frederick Realty is pleased to offer 3211 Guilford Avenue, a four-unit multifamily property located in Baltimore’s Charles Village neighborhood. The property is positioned directly across from MedStar Union Memorial Hospital, one block from the Johns Hopkins Shuttle, and two blocks from the Johns Hopkins University Homewood Campus—placing it within walking distance of two of the area’s strongest employment and rental-demand drivers.
The property includes three one-bedroom apartments and one studio apartment. Existing rents remain well below projected market levels, providing an opportunity to grow income within the current four-unit configuration. Long-term ownership and deferred maintenance also create additional value-creation paths through apartment renovations and capital improvements.
Much of the utility separation is already in place. The property has five electric meters, four gas meters, and individual water heaters serving each apartment. Tenants pay for electric, cooking gas, and hot water, while the owner pays for heat and cold water.
3211 Guilford provides investors an opportunity to acquire a manageable four-unit asset in an established Baltimore rental market with immediate rent-growth potential, existing utility separation, and multiple paths to stronger long-term performance.