107 Monument StBaltimore, MD 21201

Property Details for 107 Monument St

Year built

1893

Lot size

0.07 AC

Property size (Sq ft)

8,334 SF

Property type

Apartment buildings

Description

This exceptional multifamily investment opportunity presents a renovated apartment building situated in Baltimore's vibrant Historic Mount Vernon neighborhood. The property comprises three buildings, totaling 8,334 square feet, and features 34 units across four stories. The unit mix includes studios, one-bedroom, and two-bedroom apartments, many boasting stainless steel appliances, wood cabinets, granite countertops, and hardwood/LVT/carpet flooring. A significant renovation project, completed between 2018 and 2024, updated most units and included substantial capital improvements such as roof replacements and a new central hot water heater. The property currently enjoys a 94% occupancy rate and a 7.11% cap rate. Its prime location offers easy access to the Peabody Institute of the Johns Hopkins University and the University of Maryland Medical Center Midtown Campus, within a five-minute walk. The current below-market rents present a significant opportunity for organic rent increases, further enhancing the property's strong investment potential. The property sits on a 0.07-acre lot and is zoned OR-2. The APN numbers are 11-10-0532-010, 11-10-0532-011, and 11-10-0532-014. This fee-simple ownership offers a rare chance to acquire a well-maintained, high-performing asset in a desirable location. Two classic units remain to be renovated, presenting additional value-add potential for a new owner.

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2973

Longitude

-76.6178

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