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$618,000
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Property Description
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.
Full Property Details
Full Property Details for 902 Arion Park Rd
General
- Sold For: $618,000
- Taxes: $10,686 (2025)
- Status: Closed
- Type: Multi-Family
- Source: BrightMLSMidAtlantic
- MLS ID: MDBA2183396
- Added to Site: 127 day(s) ago
Parking
- Parking Type: On Street
Location
- Municipality: Baltimore City
- County: BALTIMORE CITY
- Driving Directions: Please input into your GPS 902 Arion Park Road, Baltimore MD 21229
- City Limits: Yes
School Information
- School District: Baltimore City Public Schools
Heating & Cooling
- Cooling Type: Other
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Other
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Other
- Structure Type: Other
- Construction: Other
- Square Feet: 6,492
- Sq. Ft. Source: Assessor
- Living Area: 6,492 Sq. Ft.
- Finished Above Grnd: 6,492 Sq. Ft.
- Year Built: 1963
- Year Built Source: Assessor
Financial Considerations
- Price Per Sq. Ft.: $92.42
- City/TownTax: $10,178
- City/TownTax Freq: Annually
- Tax w/Assessment: $452,800
- Tax Amount: $10,686
- Tax Year: 2025
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 6492
Disclosures and Reports
- Ownership: Other
- Section: 1
- Lot Number: 43
Listed by Midfield Realty, Yaakov Kanevsky
Sold by Monument Sotheby's International Realty, Mia Hunter-Pappas
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Schools
Schools serving 902 Arion Park Rd
School District:Baltimore City Public Schools
| Name | Grades | Distance |
|---|---|---|
Violetville Elementary/Middle School 1207 Pine Heights Avenue, Baltimore, MD 21229 | PK-8 | 0.7 mi |
Booker T. Washington Middle School 1301 McCulloh Street, Baltimore, MD 21217 | 6-8 | 4 mi |
Stadium School 1400 Exeter Hall Avenue, Baltimore, MD 21218 | 6-8 | 5.8 mi |
Edmondson-Westside High School 501 North Athol Avenue, Baltimore, MD 21229 | 9-12 | 1.6 mi |
Vivien T. Thomas Medical Arts Academy 100 North Calhoun Street, Baltimore, MD 21223 | 9-12 | 3 mi |
Augusta Fells Savage Institute Of Visual Arts 1500 Harlem Avenue, Baltimore, MD 21217 | 9-12 | 3.1 mi |
Frederick Douglass High School, Baltimore, MD 2301 Gwynns Falls Parkway, Baltimore, MD 21217 | 9-12 | 3.7 mi |
Digital Harbor High School 1100 Covington Street, Baltimore, MD 21230 | 9-12 | 4.3 mi |
Forest Park High School, Baltimore, MD 3701 Eldorado Avenue, Baltimore, MD 21207 | 9-12 | 4.5 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 902 Arion Park Rd
Date
Details
Price
Change
Source
12/23/2025
Sold
$618,000
3%
MLS
9/11/2025
Listed
$600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
902 Arion Park Road, Baltimore, MD 21229 (MLS# MDBA2183396) is a Multi-Family property that was sold at $618,000 on December 23, 2025. Want to learn more about 902 Arion Park Road? 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.

