MD > Baltimore > None Available
Baltimore, MD 21229,902 ARION PARK RD
Baltimore, MD 21229,902 ARION PARK RD
Baltimore, MD 21229,902 ARION PARK RD
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$600,000
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6,492 SqFt
Under Contract

902 ARION PARK RD Baltimore, MD 21229

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Under Contract

Purchase Type For Sale

Square Footage 6,492 sqft

Price per Sqft $92

Subdivision None Available

MLS Listing ID MDBA2183396

Style Other

Abv Grd Liv Area 6,492

Year Built 1963

Annual Tax Amount $10,686

Tax Year 2025

Property Sub-Type Other

Source BRIGHT

Property Description

Financial Highlights
The property generates about $7,416 in monthly rent ($89,000 annually) with full occupancy. Pro forma gross income is projected at $117,264 in Year 1, with added upside from laundry and parking. NOI is expected at $64,495 in Year 1 and $74,723 by Year 5, with the cap rate improving from 10.75% to 12.45%, offering strong cash flow and long-term value.

Property Highlights
902 Arion Park Rd, Baltimore, MD 21229 is a fully occupied, well-maintained multifamily property with one 1-bedroom, three 2-bedroom, and three 3-bedroom units. All units are lead-free with hardwood and tile flooring. A shared laundry area adds tenant convenience.

Location Highlights
Located in ZIP 21229 with 44,687 residents, median income of $55,457, and strong rental demand. Nearby are UMBC (10 miles), Coppin State (4 miles), UMB (6 miles), Johns Hopkins (5 miles), and UMMS (28,000+ employees). This prime location ensures consistent demand and stable returns.

Location

State MD

County Baltimore City

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Other

Fireplace N

Heat Source Other

Exterior

Water Access N

Accessibility None

Garage N

Building

Above Ground Finished SqFt 6492

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0325017653 043

Ownership Other

SqFt Source 6492

Special Listing Condition Standard

Bright MLS (BMLS)

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Jonathan Greene

Jonathan Greene

Broker of Record | License ID: 1433604

+1(973) 873-0734

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