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902 Arion Park Road, Baltimore MD 21229

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Property Overview

Monthly Income: $7,249.35 in consistent rental income; opportunity to raise rents with strategic marketing.

 

Unit Mix: 1× 1-bedroom, 3× 2-bed/1-bath, 3× 3-bed/1-bath – appeals to varied tenant needs.

 

Added Income: Common laundry area for tenant convenience + additional revenue. Potential parking income to further boost returns.

Condition: Lead-free units with hardwood and tile flooring for safety and durability.

Location: Close to major employers (Johns Hopkins – 5 miles; UMMS – 28,000+ employees).

Demographics (ZIP 21229): ~44,687 residents, density 7,528/sq. mi., median household income $55,457 – supports strong rental demand.

- INVESTMENT HIGHLIGHTS -

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.

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