4606 Ridge Ave Halethorpe, MD 21227
Estimated payment $3,470/month
Highlights
- Colonial Architecture
- Wood Flooring
- Double Pane Windows
- Deck
- Circular Driveway
- Paneling
About This Home
Wonderful opportunity to own 4 units with a great unit mix in Halethorpe! Individually metered for gas and electric, 4 separate entrances, coin laundry, and room to add value and increase NOI through renewals and renovations.
There are 2 - 1bd/1bth units and 2 - 2bd/1bth units. In place tenants have been at the property for many years and have signed extensions through 2025 and 2026. The property has been well maintained over the years and had its first vacancy in over 8 years. The unit is in good condition and requires minimal work to prepare for leasing to a new resident.
Rents:
1A - 2bd/1bth - leased for $1150/mo
1B - 2bd/1bth - leased for $1175/mo
2A - 1bd/1bth - vacant
2B - 1bd/1bth - leased for $1,100/mo
Plenty of on-site parking and great access for residents to the Marc Station, Route 1 and 695.
Good history of renting and potential to be a stable long term investment for the next owner.
Listing Agent
(240) 997-9506 david@sea-rei.com Fairfax Realty Premier License #659462 Listed on: 04/17/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,195
Year Built
- Built in 1915
Lot Details
- 0.29 Acre Lot
- Property is in good condition
Home Design
- Quadruplex
- Colonial Architecture
- Block Foundation
- Stone Foundation
- Plaster Walls
- Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- Paneling
- Ceiling Fan
- Double Pane Windows
- Vinyl Clad Windows
- Gas Oven or Range
- Basement
Flooring
- Wood
- Carpet
- Vinyl
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Circular Driveway
- Parking Lot
- Off-Street Parking
Outdoor Features
- Deck
Utilities
- Window Unit Cooling System
- Radiator
- Above Ground Utilities
- 100 Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 227
- Assessor Parcel Number 04131310250172
Community Details
Overview
- 4 Units
- 4-Story Building
- Halethorpe Subdivision
Building Details
- 1 Vacant Unit
- Income includes apartment rentals, laundry
- Maintenance Expense $4,435
- Manager Expense $3,274
- Operating Expense $19,302
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 | $5,262 | $372,033 | -- | -- |
| 2024 | $5,262 | $346,100 | $70,600 | $275,500 |
| 2023 | $5,473 | $325,533 | $0 | $0 |
| 2022 | $4,915 | $304,967 | $0 | $0 |
| 2021 | $4,145 | $284,400 | $70,600 | $213,800 |
| 2020 | $4,145 | $273,200 | $0 | $0 |
| 2019 | $3,967 | $262,000 | $0 | $0 |
| 2018 | $3,910 | $250,800 | $70,600 | $180,200 |
| 2017 | $3,776 | $245,200 | $0 | $0 |
| 2016 | $4,641 | $239,600 | $0 | $0 |
| 2015 | $4,641 | $234,000 | $0 | $0 |
| 2014 | $4,641 | $234,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/07/2025 08/07/25 | For Sale | $595,000 | +12.3% | $176 / Sq Ft | |
| 08/28/2023 08/28/23 | Sold | $530,000 | +6.0% | $157 / Sq Ft | View Prior Sale |
| 07/24/2023 07/24/23 | Pending | -- | -- | -- | |
| 07/20/2023 07/20/23 | For Sale | $500,000 | +88.7% | $148 / Sq Ft | |
| 03/16/2012 03/16/12 | Sold | $265,000 | -17.2% | $79 / Sq Ft | View Prior Sale |
| 02/22/2012 02/22/12 | Pending | -- | -- | -- | |
| 02/09/2012 02/09/12 | For Sale | $319,900 | 0.0% | $95 / Sq Ft | |
| 01/30/2012 01/30/12 | Pending | -- | -- | -- | |
| 01/24/2012 01/24/12 | Price Changed | $319,900 | -7.0% | $95 / Sq Ft | |
| 11/23/2011 11/23/11 | For Sale | $343,900 | -- | $102 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $530,000 | Universal Title | |
| Warranty Deed | $530,000 | Universal Title | |
| Deed | $130,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $397,500 | New Conventional | |
| Closed | $397,500 | New Conventional |
Source: Bright MLS
MLS Number: MDBC2124580
APN: 13-1310250172
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