Change Real Estate Presents:

218 & 216 W Read Street
Baltimore MD 21201

For Sale: $499,900.00 Active Under Contract

List Date: 2026-02-04

Baltimore
2,614 land ft2

About This Property

Located in the heart of **Mt. Vernon one of Baltimore’s most enduring and in-demand neighborhoods** this 6-unit mixed-use property offers a rare blend of location, income, and flexibility. The building features two street-level commercial storefronts and four residential apartments, creating diversified revenue and broad buyer appeal in a neighborhood known for strong rental demand. Currently producing $5,175/month in in-place income, three residential units and both commercial spaces are occupied, with one residential unit delivered vacant; an immediate opportunity for an owner to increase cash flow, set market rent, or occupy the unit. Upon lease-up, projected rents support $6,025/month ($72,300 annually). Mt. Vernon’s walkability, cultural institutions, dining, and proximity to downtown, universities, and transit continue to drive consistent demand across residential and commercial sectors. This asset is well-suited for: Investors seeking stable income in a proven submarket Owner-users looking to live or work in a premier location while offsetting expenses Buyers focused on long-term appreciation and mixed-use diversification Financials support attractive returns in today’s market without reliance on speculative assumptions. A clean value-add opportunity in a neighborhood that continues to outperform. Offered as-is. Rent roll and additional financial information available upon request.

Listing Agent: Mark M Novak. Cummings & Co Realtors 410-449-7770 mark@markshometeam.com

Property Features

Location Information
County:
Subdivision: None
Interior Features
Appliances:
Interior:
Laundry:
Furnished: None
Flooring:
Water: Public
Cooling: Window Unit(s)
Heating: Hot Water
Fireplaces: None
Windows:
Utilities:
Sewer: Public Sewer
Exterior Features
Year Built: 1900
Legal Subdivision: Ward 11
Schools
Elementary School: None
Junior High School: None
High School: None

IDXListing Courtesy of Mark M Novak. Cummings & Co Realtors 410-449-7770 mark@markshometeam.com

Property Photos [Click to enlarge]

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