Listed By:
Keller Williams Gateway LLC
Address
419 E Oliver Street, Baltimore, MD
Price
$ 2,800,000
Property Attributes
  • MLS#MDBA2098144
  • TypeMulti-Family
  • CountyBALTIMORE CITY
  • CityBaltimore
  • Zip21202
  • Style
  • Year Built1920
  • Taxes$ 15364
  • Price$ 2,800,000
  • Bedrooms12
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.36 Acres
Data Source:
Bright MLS
Property Description

Zoned for Multi Family and many other uses. Rarely available square footage in Baltimore's Station North Art's and Entertainment District. This approx 48,000 sf building has exceptionally versatile mixed use IMU-1 zoning and is located in the 2003 Greenmount West Planned Urban Development (PUD). Allowable uses are extensive and range from multi-family, industrial, office, and retail to specialty uses like medical, laboratory, institutional, education, and urban agriculture to name a few. The building consists of 4 stories. The building is served by a center stairwell and freight elevator serving each unit. 2 Additional shafts exist for the potential of lifts. Each floor consists of two 5,000 SF +/- units for a total of 8 units. Additional unit(s) could possibly be added to the lower level. The last use of the building was 6 Multi-Family Live-Work Artist Lofts and collaborative space, 1 large common collaboration unit on the first floor, and 1 first floor unit serving as a parking garage. The property also has a gated storage yard, 2 drive in bays, and 1 loading dock. The building has solid constriction consisting of steel, concrete, brick, and block. window openings, while currently covered by pebble board, are expansive offering a flood of natural light into the building on all sides, and are large enough for the hoisting of furniture and goods. This offering is a short walk from Penn Station, bringing approx 3M commuters per year through the neighborhood and a migration of DC Metro Area workers taking advantage of capital beltway wages and affordable Baltimore living through MARC Train commuting. This creates opportunity to answer the current housing shortage in a value-add property in a neighborhood on the up-swing that is heavy on tax, employment, and financial incentives. Anywhere from 30-50 residential units or more could be possible depending on the unit mix and bedroom count. For the investor looking for a buy-and-hold with minimal relative capital improvements needed: eight 5K sf self-contained units could offer an answer to the neighborhood's shortage of available industrial and retail space for small users, and still create a lucrative gross yearly income. Showings and additional non-public information require proof of wherewithal, Non Disclosure Agreement, and Site Access Waiver. All tours must be accompanied by the Lister.

Price History
9/6/2023 Listed $2,800,000

General Features

Sewer Public Sewer
Heating Forced Air,Other
Cooling Other
Possession Settlement
Zoning IMU-1
Garage Spaces 15.00
Architectural Style Other
Construction Materials Brick,Block,Concrete,Mixed
Year Built 1920
Property SubType Other
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel Electric
Section 10
Accessibility Elevator,2+ Access Exits
County BALTIMORE CITY
New Construction No
Property Type Multi-Family
Garage Y/N Yes
Water Access Y/N No
Other Structures Above Grade,Below Grade
Status ACTIVE
Directions Map or GPS
ModificationTimestamp 2024-05-11T04:53:23
City BALTIMORE
Buyer Agent Compensation 2
Zoning Description Mixed use / Pud (Allows for Multi Family,Office,Industrial,Retail,Institutional,Medical,specialty uses,etc)
Total Units 2
Lot Size Square Feet 15635.00
Tax Assessed Value 793867.0
Waterfront Y/N No
Street Name OLIVER
Tax Annual Amount 15364.0
Structure Type Detached
NumberOfUnitsVacant 8
Price Per Sq Ft 58.33
Acceptable Financing Cash,Conventional,Bank Portfolio
Vacation Rental Y/N No
Total SQFT 53000
Days on Market 249
Standard Status Active
Year Built Source Assessor
Legal Subdivision Ward 12
Tax Lot 048
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Hot Water Electric,Natural Gas
Heating Y/N Yes
Fireplace Y/N No
Street Suffix STREET
Central Air Y/N No
LivingAreaSource Estimated
Three Bedroom Units Count 4

Exterior Features

Pool No Pool
Water Source Public
Total Parking Spaces 15
Garage Features Inside Access,Oversized,Garage - Side Entry,Built In
Type of Parking On Street,Attached Garage,Parking Lot
Land Use Code IMU-1 / PUD
Foundation Details Block,Concrete Perimeter,Other
Water View Y/N No
Lot Size Acres 0.36
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 78100.00
Navigable Water Y/N No
Water Oriented Y/N No
# of Attached Garage Spaces 15

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 21202

Price
AVG $1.06M
$2.8M
Taxes
AVG $9,475
$15,364
Visits
AVG 509
1318
Data Provided by Inside Real Estate®
Year Built
AVG 1902
1920
Walkscore
AVG 89
80
Data Provided by Walkscore® not using MLS data