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$604,200
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Property Description
5801 Narcissus Ave is a well-maintained six-unit multifamily property located in a quiet residential neighborhood of Baltimore. Built in 1938, this fully electric property offers tenants modern convenience with separate BGE metering for each unit, ensuring operational efficiency for landlords. Each unit features in-unit washers and dryers, providing added convenience for tenants, while private balconies enhance the overall living experience. The property's central HVAC system, with all units' systems under 10 years old, ensures year-round comfort and cost-effective maintenance. Exterior improvements, including new exterior paint and tree removal, enhance curb appeal. The property also offers front and back yard space, a unique feature in urban settings. Financial Highlights The property also offers additional income potential through a storage unit in the back, creating an opportunity to maximize revenue streams. Market comparables indicate renovated rents averaging $1,439/month, presenting a 55% increase from current rental rates. A pro forma analysis suggests potential revenue growth through strategic lease adjustments, with the possibility of achieving just under an 8% cap rate by the end of Year 2. The property is professionally managed with an 8% management fee, ensuring smooth operations and cost efficiency. Investors can expect stable income with appreciation potential in a demand-driven rental market. Location Highlights The property benefits from proximity to major commuter routes such as Reisterstown Road and I-83, providing easy access to surrounding job centers and city hubs. Public transit options, including the Reisterstown Plaza Metro Station, are just a short distance away. For shopping and daily conveniences, Reisterstown Road Plaza (0.6 miles) and Northwest Plaza (1 mile) provide multiple retail and grocery options, including The Home Depot and ShopRite. Residents also have access to quality education institutions, with Baltimore City Community College (1.5 miles) and Coppin State University (2.8 miles) nearby. Healthcare needs are met by Sinai Hospital, located just 1.7 miles from the property. This property represents an excellent investment with strong rental performance, efficient operations, and an attractive location that offers tenants both convenience and accessibility.
Full Property Details
Full Property Details for 5801 Narcissus Ave
General
- Sold For: $604,200
- Taxes: $9,133 (2025)
- Status: Closed
- Type: Multi-Family
- Source: BrightMLSMidAtlantic
- MLS ID: MDBA2156696
- Added to Site: 332 day(s) ago
Parking
- Parking Features: Private
- Parking Type: Other
Location
- Municipality: Baltimore City
- County: Baltimore City
- Development Name: Glen Oaks
- Subdivision: Glen Oaks
- Cross Streets: Trainor Ave
- Driving Directions: Please use GPS
- City Limits: Yes
School Information
- School District: Baltimore City Public Schools
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Other
- Construction: Stucco
- Stories/Levels: 0
- Sq. Ft. Source: Assessor
- Year Built: 1938
- Year Built Source: Estimated
Unit Information
- 1 Bedroom Units: 6
Lot Features
- Lot Features: Corner
- Zoning: R-4
- Lot Description: Corner
Financial Considerations
- Assessment Year: 2025
- City/TownTax: $8,699
- City/TownTax Freq: Annually
- Tax w/Assessment: $387,000
- Tax Amount: $9,133
- Tax Year: 2025
- Terms: Auction
Disclosures and Reports
- Ownership: Other
- Section: 23
- Lot Number: 14
Listed by Midfield Realty, Menachem M. Dalfin
Sold by Non Subscribing Office, NON MEMBER
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Schools
Schools serving 5801 Narcissus Ave
School District:Baltimore City Public Schools
| Name | Grades | Distance |
|---|---|---|
Cross Country Elementary School 6900 Park Heights Avenue, Baltimore, MD 21215 | PK-8 | 1.2 mi |
Booker T. Washington Middle School 1301 McCulloh Street, Baltimore, MD 21217 | 6-8 | 4.7 mi |
Stadium School 1400 Exeter Hall Avenue, Baltimore, MD 21218 | 6-8 | 5.1 mi |
Forest Park High School, Baltimore, MD 3701 Eldorado Avenue, Baltimore, MD 21207 | 9-12 | 1.4 mi |
Frederick Douglass High School, Baltimore, MD 2301 Gwynns Falls Parkway, Baltimore, MD 21217 | 9-12 | 3.3 mi |
Edmondson-Westside High School 501 North Athol Avenue, Baltimore, MD 21229 | 9-12 | 4.3 mi |
Augusta Fells Savage Institute Of Visual Arts 1500 Harlem Avenue, Baltimore, MD 21217 | 9-12 | 4.6 mi |
Vivien T. Thomas Medical Arts Academy 100 North Calhoun Street, Baltimore, MD 21223 | 9-12 | 5.1 mi |
Paul Laurence Dunbar High School 1400 Orleans Street, Baltimore, MD 21231 | 9-12 | 6.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5801 Narcissus Ave
Date
Details
Price
Change
Source
8/22/2025
Sold
$604,200
-22.04%
MLS
2/18/2025
Listed
$775,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5801 Narcissus Avenue, Baltimore, MD 21215 (MLS# MDBA2156696) is a Multi-Family property that was sold at $604,200 on August 22, 2025. Want to learn more about 5801 Narcissus Avenue? Do you have questions about finding other Multi-Family real estate for sale in Baltimore? You can browse all Baltimore real estate or contact a Coldwell Banker agent to request more information.

