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$370,000
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Property Description
RECENTLY UPDATED, FULLY LEASED PORTFOLIO The offering consists of two side-by-side brick duplexes totaling four residential units, with all units currently leased. Recent improvements include flooring, paint, bathroom fixtures, and serviced HVAC systems, providing a solid physical foundation for continued operations while limiting the need for significant immediate capital improvements. ATTRACTIVE IN-PLACE CASH FLOW 1051 & 1053 Desoto Road presents an opportunity to acquire a fully leased four-unit multifamily portfolio for $370,000, generating approximately $29,751 of annual NOI. The offering provides investors with an approximately 8.0% in-place capitalization rate, delivering immediate cash flow from a stabilized, fully occupied residential portfolio. STRATEGIC MORRELL PARK LOCATION Situated in Baltimore's Morrell Park neighborhood, the property offers convenient access to major transportation routes, employment centers, and area amenities. The property is approximately five minutes fromI-95/Beltway access and Ascension Saint Agnes Hospital, eight minutes from I-295, 10 minutes from the west Baltimore MARC station, and 12minutes from Downtown Baltimore. The property is also adjacent to the Wilkens Avenue commercial corridor and within a short walk of Morrell Park Elementary. LOW-COMPLEXITY MULTIFAMILY INVESTMENT The four-unit configuration offers an efficient scale of ownership while maintaining the benefits of a diversified multifamily asset. with 100%occupancy, separately metered gas and electric, four assigned parking spaces, and recent servicing of the HVAC systems, the property provides an ownership profile designed to minimize day-to-day operational complexity. The compact portfolio allows an investor to capture multifamily rental income without the management demands typically associated with larger, more operationally intensive assets.
Full Property Details
Full Property Details for MLS# MDBA2234662
General
- Price: $370,000
- Taxes: $4,716 (2026)
- Status: Active
- Type: Townhouse
- Source: BrightMLSMidAtlantic
- MLS ID: MDBA2234662
- Updated: 10/22/2026
- Added to Site: 11 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
- Main Floor Baths: 4
- Main - Full Baths: 4
Bedrooms
- Total Bedrooms: 4
- Bedrooms Main & Up: 4
Exterior
- Porch/Patio/Deck: Porch(es)
Parking
- Parking Type: On Street
Location
- County: BALTIMORE CITY
- Subdivision: MILL HILL
- Driving Directions: ...
- City Limits: Yes
School Information
- School District: Baltimore City Public Schools
Heating & Cooling
- Cooling Type: Other
- Cooling Fuel: Other
- Heating Type: Radiator
- Heating Fuel: Other
- Water Heater: Other
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Other
- Structure Type: Interior Row/Townhouse
- Construction: Brick
- Basement: Yes
- Basement Desc.: Other
- Foundation: Wood
- Stories Description: Main
- Square Feet: 1,216
- Sq. Ft. Source: Assessor
- Living Area: 1,216 Sq. Ft.
- Finished Above Grnd: 1,216 Sq. Ft.
- Year Built: 1942
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 5,980
- Lot Size Source: Estimated
- Lot Dimensions: 19'2" x 122'6"
- Zoning: R-6
Financial Considerations
- Price Per Sq. Ft.: $304.28
- Assessment Year: 2026
- City/TownTax: $2,376
- City/TownTax Freq: Annually
- County Tax: $118
- County Tax Freq: Annually
- Tax w/Assessment: $199,834
- Tax Amount: $4,716
- Tax Year: 2026
- Tax Total Finished Sq. Ft.: 1216
Disclosures and Reports
- Ownership: Fee Simple
- Section: 2
- Lot Number: 048P
Listed by Greysteel Company LLC, Ari Firoozabadi
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Price & Sales History for MLS# MDBA2234662
Date
Details
Price
Change
Source
10/13/2026
Listed
$370,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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MLS# MDBA2234662, Baltimore, MD 21223 (MLS# MDBA2234662) is a Townhouse property with 4 bedrooms and 4 full bathrooms. MLS# MDBA2234662 is currently listed for $370,000 and was received on October 13, 2026. Want to learn more about MLS# MDBA2234662? Do you have questions about finding other Townhouse real estate for sale in Baltimore? You can browse all Baltimore real estate or contact a Coldwell Banker agent to request more information.
