$89,474

942 1st St Brooklyn, MD 21225

Estimated payment $630/month

-- Bed
-- Bath
1,104 Sq Ft
$81 Price per Sq Ft

About This Home

This 10-property, 19-unit portfolio in Anne Arundel County is being brought to market at $89,473 per unit, approximately 11% below the area’s average sales price of $100,217 per unit. The portfolio generates a strong day-one cap rate of 7.26%, with a clear path to a stabilized cap rate of 11.4% through strategic rent increases and modest unit improvements. Current average rents across the portfolio are approximately $1,000 per unit, while market rents in the area average $1,400, presenting an immediate $500/month per unit income upside. Once stabilized at market rents, the portfolio has the potential to achieve a cap rate of approximately 11.4%, making this a compelling opportunity for investors see

This 10-property, 19-unit portfolio in Anne Arundel County presents an exceptional investment opportunity with a mix of 2–3 bedroom brick duplexes and a rowhome, all featuring basements and efficient layouts perfect for rental income. The units are largely move-in ready, boasting updated kitchens with granite countertops and hardwood flooring for modern appeal. Most include refrigerators and ranges, while 2 units offer the added convenience having washer and dryer. Heating is reliably provided by gas furnaces, with 10 units also equipped with baseboard heaters for extra comfort. Cooling solutions vary, with 10 units featuring window or portable AC and 3 units utilizing radiator systems. Each unit benefits from separately metered utilities serviced by BGE and public water/sewer, simplifying management. Ideal for investors seeking a low-maintenance, high-demand portfolio, this collection combines charm, functionality, and strong income potential in a thriving location.

Anne Arundel County is home to approximately 597,052 residents as of 2025. The county features a variety of local retail centers and shops, including the redeveloped Annapolis Mall, where significant investment is underway—replacing the former JCPenney space with new tenants like OneLife Fitness and a supermarket. Nearby developments include major mixed-use projects in Odenton Town Center, such as the “Blue Oaks at North Odenton” apartments, Meade Center’s retail and office spaces, and new Starbucks and Wawa locations, as well as a large MARC parking garage currently under construction. Educational attainment is strong, with 45.2% of residents aged 25 and over holding at least a bachelor’s degree. Major employers include Fort George G. Meade (over 64,000 employees), Anne Arundel County Public Schools ( 15,794), the State of Maryland ( 11,584), and BWI Thurgood Marshall Airport ( 10,000 jobs). Local transit options are robust, with BWI Thurgood Marshall Airport, Amtrak, MARC commuter rail, MTA light rail, commuter buses, and the Anne Arundel Connector. The area is also served by major highways and shuttle services, providing efficient access throughout the county and beyond.

This property is part of a portfolio sale10 properties and a total of 19 Units
Total Selling Price: $1,700,000.00
4931 BROOKWOOD RD. BALTIMORE 21225
4946 BROOKWOOD RD. BALTIMORE 21225
5201 BROOKWOOD RD. BALTIMORE 21225
5210 BROOKWOOD RD. BALTIMORE 2122
5906 1ST ST. BALTIMORE 21225
912 1ST ST. BALTIMORE 21225
915 1ST ST. BALTIMORE 21225
923 1ST ST. BALTIMORE 21225
942 1ST ST. BALTIMORE 21225
907 VICTORY AVE. BALTIMORE 21225

Listing Agent

Mendel Dalfin

Midfield Realty Listed on: 09/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,761

Year Built

  • Built in 1948

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Additional Features

  • Gas Oven or Range
  • Heating Available

Community Details

  • Ritchie Heights Subdivision

Listing and Financial Details

  • Tax Lot 942
  • Assessor Parcel Number 020569212595075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,761

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1948
  • Remarks Public: This 10-property, 19-unit portfolio in Anne Arundel County is being brought to market at $89,473 per unit, approximately 11% below the area’s average sales price of $100,217 per unit. The portfolio generates a strong day-one cap rate of 7.26%, with a clear path to a stabilized cap rate of 11.4% through strategic rent increases and modest unit improvements. Current average rents across the portfolio are approximately $1,000 per unit, while market rents in the area average $1,400, presenting an immediate $500/month per unit income upside. Once stabilized at market rents, the portfolio has the potential to achieve a cap rate of approximately 11.4%, making this a compelling opportunity for investors see This 10-property, 19-unit portfolio in Anne Arundel County presents an exceptional investment opportunity with a mix of 2–3 bedroom brick duplexes and a rowhome, all featuring basements and efficient layouts perfect for rental income. The units are largely move-in ready, boasting updated kitchens with granite countertops and hardwood flooring for modern appeal. Most include refrigerators and ranges, while 2 units offer the added convenience having washer and dryer. Heating is reliably provided by gas furnaces, with 10 units also equipped with baseboard heaters for extra comfort. Cooling solutions vary, with 10 units featuring window or portable AC and 3 units utilizing radiator systems. Each unit benefits from separately metered utilities serviced by BGE and public water/sewer, simplifying management. Ideal for investors seeking a low-maintenance, high-demand portfolio, this collection combines charm, functionality, and strong income potential in a thriving location. Anne Arundel County is home to approximately 597,052 residents as of 2025. The county features a variety of local retail centers and shops, including the redeveloped Annapolis Mall, where significant investment is underway—replacing the former JCPenney space with new tenants like OneLife Fitness and a supermarket. Nearby developments include major mixed-use projects in Odenton Town Center, such as the “Blue Oaks at North Odenton” apartments, Meade Center’s retail and office spaces, and new Starbucks and Wawa locations, as well as a large MARC parking garage currently under construction. Educational attainment is strong, with 45.2% of residents aged 25 and over holding at least a bachelor’s degree. Major employers include Fort George G. Meade (over 64,000 employees), Anne Arundel County Public Schools ( 15,794), the State of Maryland ( 11,584), and BWI Thurgood Marshall Airport ( 10,000 jobs). Local transit options are robust, with BWI Thurgood Marshall Airport, Amtrak, MARC commuter rail, MTA light rail, commuter buses, and the Anne Arundel Connector. The area is also served by major highways and shuttle services, providing efficient access throughout the county and beyond. This property is part of a portfolio sale10 properties and a total of 19 Units Total Selling Price: $1,700,000.00 4931 BROOKWOOD RD. BALTIMORE 21225 4946 BROOKWOOD RD. BALTIMORE 21225 5201 BROOKWOOD RD. BALTIMORE 21225 5210 BROOKWOOD RD. BALTIMORE 2122 5906 1ST ST. BALTIMORE 21225 912 1ST ST. BALTIMORE 21225 915 1ST ST. BALTIMORE 21225 923 1ST ST. BALTIMORE 21225 942 1ST ST. BALTIMORE 21225 907 VICTORY AVE. BALTIMORE 21225
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator
  • Fireplace: No
  • Basement: No
  • Total Sq Ft: 1656
  • Living Area Sq Ft: 1104
  • Price Per Sq Ft: 81.05
  • Above Grade Finished Sq Ft: 1104
  • Below Grade Sq Ft: 552
  • Total Below Grade Sq Ft: 552
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 942

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
  • School District Key: 121140671932
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 020569212595075
  • Tax Lot: 942
  • Tax Total Finished Sq Ft: 1104
  • Tax Year: 2025

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $1,761 $88,600 $20,000 $68,600
2024 $1,761 $83,467 $0 $0
2023 $1,653 $78,333 $0 $0
2022 $1,483 $73,200 $20,000 $53,200
2021 $0 $70,467 $0 $0
2020 $1,340 $67,733 $0 $0
2019 $1,312 $65,000 $20,000 $45,000
2018 $705 $69,533 $0 $0
2017 $1,358 $71,433 $0 $0
2016 -- $60,000 $0 $0
2015 -- $60,000 $0 $0
2014 -- $72,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 For Sale $89,474 -- $81 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $1,025,000 Rextar Title Services
Deed $1,025,000 Rextar Title Services
Deed $31,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,100,000 New Conventional
Previous Owner $24,800 No Value Available
Source: Public Records

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Source: Bright MLS

MLS Number: MDAA2125374

Bright MLS

APN: 05-692-12595075

Maryland Anne Arundel County Brooklyn 21225

942 1st St, Brooklyn, MD

This home is located at 942 1st St, Brooklyn, MD 21225 and is currently priced at $89,474, approximately $81 per square foot. This property was built in 1948. 942 1st St is a home located in Anne Arundel County with nearby schools including Park Elementary School, Brooklyn Park Middle School, and North County High School.

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Nearby Homes
Mendel Dalfin
Listing Agent
Mendel Dalfin
Section Image
Midfield Realty
(301) 381-4796