Log In/Sign Up
Your email has been sent.
797 Carroll St 6 Unit Apartment Building $625,000 ($104,167/Unit) 7.26% Cap Rate Baltimore, MD 21230
INVESTMENT HIGHLIGHTS
- Renovated, Mixed-Use Investment Opportunity in Pigtown
- Excellent Location in Pigtown; 10 Minute Walk Away from University of Maryland, Baltimore and UMMC
- Ability to Organically Increase Rents
EXECUTIVE SUMMARY
Harbor Stone Advisors is pleased to offer the opportunity to acquire 797 Carroll St., a renovated mixed-use property located in Baltimore City's culturally rich Pigtown neighborhood. This vibrant area boasts numerous award-winning restaurants and unique shops. The property's prime location is also within a half-mile of major institutions and attractions, including the University of Maryland, Baltimore, University of Maryland Medical Center (UMMC), Camden Yards, and M&T Bank Stadium.
797 Carroll St. features 6 units with a mix of (2) Efficiencies and (3) 1 Br-1 Ba, as well as (1) commercial space. The commercial space is leased to a hair salon through December 2035. Current ownership completed a comprehensive renovation of the property between 2019 and 2024, leaving minimal deferred maintenance for a new owner. Typical apartment unit features include white/stainless steel appliances, granite/quartz/hard surface countertops, wood cabinets, and LVT/carpet flooring. Beyond the units, the current owner also replaced the sewage line, rebuilt the central staircase, and partially replaced the roof. Opportunities exist for a new owner to increase rents organically through unit turnover or lease renewals. Minor updates, such as adding stainless steel appliances to some units, could further enhance rental income potential.
797 Carroll St. features 6 units with a mix of (2) Efficiencies and (3) 1 Br-1 Ba, as well as (1) commercial space. The commercial space is leased to a hair salon through December 2035. Current ownership completed a comprehensive renovation of the property between 2019 and 2024, leaving minimal deferred maintenance for a new owner. Typical apartment unit features include white/stainless steel appliances, granite/quartz/hard surface countertops, wood cabinets, and LVT/carpet flooring. Beyond the units, the current owner also replaced the sewage line, rebuilt the central staircase, and partially replaced the roof. Opportunities exist for a new owner to increase rents organically through unit turnover or lease renewals. Minor updates, such as adding stainless steel appliances to some units, could further enhance rental income potential.
PROPERTY FACTS
| Price | $625,000 | Building Class | C |
| Price Per Unit | $104,167 | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 2,880 SF |
| Cap Rate | 7.26% | No. Stories | 3 |
| No. Units | 6 | Year Built/Renovated | 1900/2024 |
| Property Type | Multifamily | Cross Streets | Scott |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-8 | ||
| Price | $625,000 |
| Price Per Unit | $104,167 |
| Sale Type | Investment |
| Cap Rate | 7.26% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 2,880 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2024 |
| Cross Streets | Scott |
| Opportunity Zone |
Yes |
| Zoning | R-8 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Wheelchair Accessible (Rooms)
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (92)
Bike Score®
Very Bikeable (83)
CONTACTS
-
Justin Verner -
Brooks Healy -
Tom Wohlgemuth -
Kevin Landolphi -
Harbor Stone Advisors
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
797 Carroll St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.