218 & 216 W READ STREET, BALTIMORE, MD, 21201
218 & 216 W READ STREETBALTIMORE, MD 21201
Mortgage Calculator
Monthly Payment (Est.)
$2,281Located 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.
| 2 weeks ago | Price changed to $499,900 | |
| 2 weeks ago | Listing updated with changes from the MLS® | |
| a month ago | Listing first seen on site |
The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.