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$865,000
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Property Description
Welcome to 3901 Groveland Ave - one of Baltimore's most compelling multifamily investment opportunities of the year. This solid brick 10-unit apartment building in the sought-after West Arlington neighborhood is already cash-flowing at 90% occupancy, bringing in $8,355/month with a 4.95% cap rate on day one. But the real story is the upside. With in-place rents averaging just $928/unit against a market rate of $1,478/month, you're sitting on $66,000+ in untapped annual income - just waiting to be unlocked. Most leases are at-will, meaning you can start moving rents to market immediately. Renovate and stabilize all 10 units, and your pro forma NOI jumps to $97,000-$137,000+. Then convert the 11th unit on the lower level, and you've created even more value from day one. Every unit is a generous 2BR/1BA with a living room, dining room, kitchen, and hardwood-style floors. On-site laundry, off-street parking, and professional management are already in place. This is the turnkey value-add deal you've been waiting for. Serious inquiries only. Call today to schedule your private tour.
Full Property Details
Full Property Details for 3901 Groveland Ave
General
- Price: $865,000
- Taxes: $14,974 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSMidAtlantic
- MLS ID: MDBA2207684
- Updated: 3/19/2026
- Added to Site: 13 day(s) ago
Business
- Business Type: Apartment Building
Parking
- Total Spaces: 5
- Parking Type: Parking Lot
Location
- Municipality: Baltimore City
- County: BALTIMORE CITY
- Driving Directions: See Google Maps
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Window Unit(s)
- Cooling Fuel: Natural Gas
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick, Other
- Building Size: 12096
- Year Built: 1969
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.5
- Lot Size (Sq. Ft.): 21,736
- Lot Size Source: Assessor
- Zoning: R-5
Financial Considerations
- Price Per Sq. Ft.: $71.51
- Tax w/Assessment: $634,533
- Tax Amount: $14,974
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 007A
Listed by EXP Realty, LLC, Lynette M Jones and EXP Realty, LLC, Akindele L Ajakaiye
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Schools
Schools serving 3901 Groveland Ave
School District:Baltimore City Public Schools
| Name | Grades | Distance |
|---|---|---|
Callaway Elementary School, Baltimore, MD 3701 Fernhill Avenue, Baltimore, MD 21215 | PK-5 | 0.4 mi |
Connexions Community Leadership Academy 2801 North Dukeland Street, Baltimore, MD 21216 | 6-12 | 1.9 mi |
K.A.S.A. (Knowledge And Success Academy) 2000 Edgewood Street, Baltimore, MD 21216 | 6-12 | 2.1 mi |
Academy For College And Career Exploration 1300 West 36th Street, Baltimore, MD 21211 | 6-12 | 2.6 mi |
Forest Park High School, Baltimore, MD 3701 Eldorado Avenue, Baltimore, MD 21207 | 9-12 | 0.6 mi |
Northwestern High School, Baltimore, MD 6900 Park Heights Avenue, Baltimore, MD 21215 | 9-12 | 2 mi |
Baltimore Polytechnic Institute 1400 West Cold Spring Lane, Baltimore, MD 21209 | 9-12 | 2.2 mi |
Green Street Academy 125 North Hilton Street, Baltimore, MD 21229 | 6-12 | 3.7 mi |
Bluford Drew Jemison Stem Academy West 1500 Harlem Avenue, Baltimore, MD 21217 | 6-12 | 3.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3901 Groveland Ave
Date
Details
Price
Change
Source
3/19/2026
Listed
$865,000
86.02%
MLS
1/23/2006
Sold
$465,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3901 Groveland Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,904
1%
$643,700
1%
2023
$14,759
—
$634,533
1%
2023
$14,759
1%
$625,367
1%
2022
$14,542
4%
$616,200
4%
2021
$14,000
4%
$593,200
4%
2021
$13,457
5%
$570,200
4%
2020
$12,852
7%
$547,200
7%
2019
$12,053
8%
$510,733
8%
2018
$11,193
8%
$474,267
8%
2017
$10,332
—
$437,800
—
2016
$10,283
—
$437,800
—
2015
$10,332
-1%
$437,800
—
2013
$10,472
—
$440,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3901 Groveland Ave
3901 Groveland Avenue, Baltimore, MD 21215 (MLS# MDBA2207684) is a Apartment property. 3901 Groveland Avenue is currently listed for $865,000 and was received on March 19, 2026. Want to learn more about 3901 Groveland Avenue? Do you have questions about finding other Apartment real estate for sale in Cold Spring? You can browse all Cold Spring real estate or contact a Coldwell Banker agent to request more information.

