Change Real Estate Presents:

902 Arion Park Road
Baltimore MD 21229

Sold for $618,000.00 Closed

Close Date: 2025-12-23

Baltimore
6,492 build ft2

About This Property

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.

Listing Agent: Yaakov Kanevsky. Midfield Realty 410-324-6939 showings@midfieldre.com

Property Features

Location Information
County:
Subdivision: NONE AVAILABLE
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Interior Features
Appliances:
Interior:
Laundry:
Furnished: None
Flooring:
Water: Public
Cooling: Other
Heating: Forced Air
Fireplaces: None
Windows:
Utilities:
Sewer: Public Sewer
Exterior Features
Year Built: 1963
Legal Subdivision: Ward 25
Subdivision Name: None Available
Schools
Elementary School: None
Junior High School: None
High School: None

IDXListing Courtesy of Yaakov Kanevsky. Midfield Realty 410-324-6939 showings@midfieldre.com

Property Photos [Click to enlarge]

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