Description
**Three fully occupied rental units in the heart of historic Ridgely's Delight!** An attractive opportunity for investors seeking an established income-producing property in a central Baltimore location. Situated at the corner of Emory Street and Melvin Drive, this multifamily property includes three separately addressed residential units: 312 Emory Street, 314 Emory Street, and 629 Melvin Drive. All three units are currently rented, providing an existing rental income stream from the time of acquisition. The property offers a versatile mix of residential accommodations. **312 Emory Street** features two bedrooms and one full bathroom. **314 Emory Street** offers three bedrooms and two full bathrooms, providing a larger residential layout. **629 Melvin Drive** features two bedrooms and two full bathrooms in a multilevel configuration. Together, the three units provide seven bedrooms and five full bathrooms, offering a range of layouts within a single investment property. Interior features include updated kitchens with granite countertops, stainless steel appliances, and contemporary cabinetry, along with updated bathrooms, laminate flooring, and in-unit laundry facilities. These amenities contribute to the property's appeal as a multifamily investment and offer conveniences commonly sought by residential tenants. **Location is a major highlight.** Ridgely's Delight is a historic residential neighborhood situated along the western edge of downtown Baltimore. The property is conveniently located near the University of Maryland, Baltimore campus, University of Maryland Medical Center, and Baltimore VA Medical Center, placing several major educational, medical, and employment destinations nearby. Oriole Park at Camden Yards and M&T Bank Stadium are also close to the neighborhood, along with the Babe Ruth Birthplace and Museum, Baltimore Convention Center, and the Inner Harbor. The neighborhood also offers access to Camden Station's MARC and Light Rail connections, major commuter routes including I-95 and I-395, and downtown Baltimore's restaurants, entertainment, and cultural destinations. This combination of residential character, employment centers, transportation options, and recreational attractions adds to the property's location appeal. Whether adding to an established real estate portfolio or acquiring a multifamily investment in Baltimore, this fully occupied three-unit property presents an opportunity to own rental real estate in a well-positioned historic neighborhood. Contact the listing agent to learn more about this investment opportunity! **PHOTO DISCLOSURE: ALL listing photographs have been digitally enhanced using AI to remove clutter and personal belongings. The images may not reflect the property's exact current appearance. Buyers should verify the property's actual condition during their due diligence.**
Details
| MLS # | MDBA2235994 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Coming Soon-bright |
| Year | 1900 |
| Days On Site | 18 |
| Listing Provided By | Keller Williams Capital Properties | David Zeff |
Features
| SQ Feet | 3,348 |
|---|---|
| Units | 3 |
| Zoning | R-8 |
| Acreage | 0.04 |
Interior
| Cooling | Other |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 16024 |
|---|
Area Information
| State | MD |
|---|---|
| County | BALTIMORE CITY MD |
| City | BALTIMORE |
| Zip Code | 21230 |
| Area | BALTIMORE CITY MD |
| Community Name | RIDGELY'S DELIGHT |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
| Listing VS Median (in RIDGELY'S DELIGHT) | |
Price: $724,900 low | high Med: $175,000 sqft: 3,348 low | high Med: 852 $ / sqft: $217 low | high Med: $205 On site: 18 low | high Med: 64 | |
Market Activity 21230
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Learn More About This Property
| State | MD |
|---|---|
| County | BALTIMORE CITY MD |
| City | BALTIMORE |
| Zip Code | 21230 |
| Area | BALTIMORE CITY MD |
| Community Name | RIDGELY'S DELIGHT |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
| Listing VS Median (in RIDGELY'S DELIGHT) | |
Price: $724,900 low | high Med: $175,000 sqft: 3,348 low | high Med: 852 $ / sqft: $217 low | high Med: $205 On site: 18 low | high Med: 64 | |