2111 Park Ave Baltimore, MD 21217
Reservoir Hill NeighborhoodEstimated payment $9,365/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 close proximity to Johns Hopkins University, MICA, the University of Baltimore, and the ongoing Reservoir Square revitalization—supporting long-term rental demand and neighborhood momentum. The asset is currently underperforming, with average in-place rents of approximately $1,060 per unit, roughly 50% below the estimated market average of $1,800, creating a clear value-add runway through lease-up and rent growth. Gross rental income is projected to increase from approximately $181,000 at current rents to $352,000 in Year 1, driving NOI growth from $78,426 currently to approximately $219,380 in Year 1 as vacancy is absorbed and under-market units are brought to market rates. The property offers spacious unit layouts with hardwood floors and private balconies, ample parking, shared laundry facilities, and separately metered gas and electric—helping reduce owner expense exposure.
Listing Agent
(410) 498-5408 yaakov@midfieldre.com Midfield Realty Brokerage Phone: 4104985408 Listed on: 01/16/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,184
Year Built
- Built in 1900
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- 2 Units
- Income includes laundry, apartment rentals
Listing and Financial Details
- Tax Lot 027
- 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 |
|---|---|---|---|---|
| 01/16/2026 01/16/26 | For Sale | $1,590,000 | -- | -- |
Source: Bright MLS
MLS Number: MDBA2198282
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