3211 Guilford Ave, Baltimore, MD 21218

Property Description

● 4 Apartments in Charles Village: A manageable multifamily property located directly across from MedStar Union Memorial Hospital and 2 blocks from Johns Hopkins University. ● Below-Market Rents Create Immediate Upside: Existing rents provide room for meaningful growth through market-rent alignment within the current four-unit configuration. ● Much of the Utility Separation is Already in Place: Individual apartment water heaters, four gas meters, and five electric meters provide a strong foundation for future improvements and operating efficiency. ● Multiple Paths to Value Creation: Operate the property as-is while pursuing market rents, or build upon the existing infrastructure through apartment renovations and capital improvements. 3211 Guilford Avenue is a four-unit multifamily property in Charles Village consisting of three one-bedroom apartments and one studio apartment. Held under long-term ownership, the property reflects deferred maintenance and below-market rents, creating opportunities to improve performance through market-rent alignment, phased apartment renovations, and capital improvements. Kitchens feature wood cabinetry, laminate countertops, steel sinks, and gas ranges. Bathrooms include a mix of pedestal sinks, wall-mounted sinks, and modern vanities with claw-foot, steel, or cast-iron tubs. Living areas have hardwood or vinyl flooring, with primarily plaster walls and ceilings. The property is heated by an oil-fired boiler and has individual water heaters serving each apartment. Tenants pay for electric, cooking gas, and hot water; the owner pays for heat and cold water. Five electric meters and four gas meters provide much of the utility separation already in place. Located directly across from MedStar Union Memorial Hospital, the property is one block from the Johns Hopkins Shuttle and two blocks from Johns Hopkins University Homewood Campus. The Charles Village Shopping District is also one block away. The combination of major nearby employment, university access, neighborhood amenities, and multiple paths to increased income makes 3211 Guilford a well-positioned Charles Village value-add opportunity.