2111 Park Ave Baltimore, MD 21217
Reservoir Hill NeighborhoodEstimated payment $9,497/month
About This Home
2107–2111 Park Avenue is a 16-unit multifamily investment opportunity located in Baltimore’s Mount Royal/Reservoir Hill submarket, offering excellent access to major transportation corridors, Mount Royal/University of Baltimore Station, and Baltimore Penn Station. The property benefits from proximity to Johns Hopkins University, MICA, the University of Baltimore, and the ongoing Reservoir Square revitalization, supporting durable rental demand. The asset is currently underperforming, with average in-place rents of approximately $1,060 per unit, roughly 50% below the market average of $1,800, creating significant upside potential. Gross rental income is projected to grow from approximately $181,000 at current rents to $352,000 in Year 1, driving NOI growth from $78,426 currently to $219,380 in Year 1 as vacant and under-market units are leased at market rates The property features spacious units with hardwood floors and private balconies, ample parking, shared laundry facilities, and separately metered gas and electric, reducing owner expense exposure. The investment strategy centers on leasing stabilization and pushing rents to market levels, positioning the asset to deliver attractive cash flow growth and a compelling risk-adjusted return profile.
Listing Agent
(347) 845-5358 yaakov@midfieldre.com Midfield Realty Listed on: 08/20/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,184
Year Built
- Built in 1729
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
Interior Spaces
- Property has 3 Levels
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating System
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Reservoir Hill Subdivision
Listing and Financial Details
- Assessor Parcel Number 0313113455 027
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,640 | $601,000 | $174,800 | $426,200 |
| 2024 | $13,640 | $580,733 | -- | -- |
| 2023 | $13,227 | $560,467 | $0 | $0 |
| 2022 | $12,749 | $540,200 | $174,800 | $365,400 |
| 2021 | $12,749 | $540,200 | $174,800 | $365,400 |
| 2020 | $12,749 | $540,200 | $174,800 | $365,400 |
| 2019 | $12,688 | $540,200 | $174,800 | $365,400 |
| 2018 | $12,468 | $528,300 | $0 | $0 |
| 2017 | $12,187 | $516,400 | $0 | $0 |
| 2016 | $6,552 | $504,500 | $0 | $0 |
| 2015 | $6,552 | $429,400 | $0 | $0 |
| 2014 | $6,552 | $431,733 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/17/2025 12/17/25 | Price Changed | $1,590,000 | -11.2% | -- |
| 08/20/2025 08/20/25 | For Sale | $1,790,000 | -- | -- |
Source: Bright MLS
MLS Number: MDBA2180486
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