Bought with Mia Hunter-Pappas • Monument Sotheby's International Realty
$618,000
$600,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
902 ARION PARK RD Baltimore, MD 21229
6,492 SqFt
Key Details
Sold Price $618,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 6,492 sqft
Price per Sqft $95
Subdivision None Available
MLS Listing ID MDBA2183396
Sold Date 12/23/25
Style Other
Abv Grd Liv Area 6,492
Year Built 1963
Annual Tax Amount $10,686
Tax Year 2025
Property Sub-Type Other
Source BRIGHT
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.
Location
State MD
County Baltimore City
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Other
Fireplace N
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Above Ground Finished SqFt 6492
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0325017653 043
Ownership Other
SqFt Source 6492
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP







