442 E LORRAINE AVE Baltimore, MD 21218
1,344 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 1,344 sqft
Price per Sqft $96
MLS Listing ID MDBA2188172
Style Other
Abv Grd Liv Area 1,344
Year Built 1900
Annual Tax Amount $2,478
Tax Year 2025
Property Sub-Type Other
Source BRIGHT
Property Description
This 11-unit Baltimore portfolio generates $176,252 annually, with a pro forma of $219,840 at market rents. Year 1 NOI is $131,904, growing to $152,822 by Year 5. Investors benefit from a 9.22% cap rate, rising to 10.69% by Year 5, offering strong cash flow and value-add potential.
The portfolio features 9 out of 11 lead-free, two- and three-bedroom homes with 1–2 bathrooms, hardwood floors, granite countertops, updated cabinetry, and appliances. Select units (1219 Glyndon Ave, 1115 Carroll St) include in-unit washers/dryers, and 1202 Sargeant St has central A/C. Many offer basements for storage or expansion.
Located in ZIP codes 21223, 21230, 21216, and 21218 (serving 128,000+ residents), the properties are near Johns Hopkins University (30,000+ students), University of Maryland, Baltimore (6,900 students, 8,000+ staff), and major employers like Johns Hopkins Hospital (30,000+ employees). Transit options include MARC Train, Metro SubwayLink, and Light RailLink for connectivity across Baltimore and to Washington, D.C.
Addresses Part of Portfolio
1219 Glyndon Ave, Baltimore MD 21223
1238 Sargeant St, Baltimore MD 21223
1321 Glyndon Ave, Baltimore MD 21223
1407 W Ostend St, Baltimore MD 21223
1415 W Ostend St, Baltimore MD 21223
2305 Herkimer St, Baltimore MD 21230
2109 N Longwood St, Baltimore MD 21216
3225 Kenyon Ave, Baltimore MD 21213
442 E Lorraine Ave, Baltimore MD 21218
1115 Carroll St, Baltimore MD 21230
Location
State MD
County Baltimore City
Zoning R-8
Interior
Hot Water Other
Heating Radiator
Cooling Other
Fireplace N
Heat Source Other
Exterior
Water Access N
Accessibility Other
Garage N
Building
Above Ground Finished SqFt 1344
Sewer Other
Water Other
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312173836A047
Ownership Other
SqFt Source 1344
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
- 8
Roland Park Elementary/Middle School
Public | PK - 8
- 6
Hampden Elementary/Middle School
Public | PK - 8
- 6
Tunbridge Public Charter School
Public | PK - 6
- 5
Medfield Heights Elementary School
Public | PK - 5
- 5
Mount Royal Elementary/Middle School
Public | KG - 8
- 5
Cecil Elementary School
Public | PK - 5
- 4
Mary Ann Winterling Elementary School at Bentalou
Public | PK - 5
- 4
John Eager Howard Elementary School
Public | PK - 5
- 4
Midtown Academy
Public | KG - 8
- 4
Baltimore Montessori Public Charter School
Public | PK - 5
- 4
Federal Hill Preparatory School
Public | PK - 5
- 4
Northwood Appold Community Academy
Public | KG - 5
- 4
Leith Walk Elementary/Middle School
Public | PK - 8
- 4
Northwood Elementary School
Public | PK - 5
- 4
Hampstead Hill Academy
Public | PK - 8
- 4
The Green School
Public | KG - 5
- 3
New Song Academy
Public | PK - 8
- 3
Charles Carroll Barrister Elementary School
Public | PK - 5
- 3
Commodore John Rogers Elementary/Middle School
Public | PK - 8
- 3
Yorkwood Elementary School
Public | PK - 5
- 4
The Crossroads School
Public | 6 - 8
- 3
Baltimore Leadership School for Young Women
Public | 6 - 12
- 3
Stadium School
Public | 6 - 8
- 2
National Academy Foundation
Public | 6 - 12
- 1
Academy for College and Career Exploration
Public | 6 - 12
- 1
Booker T. Washington Middle School
Public | 6 - 8
- 1
New Hope Academy
Public | 6 - 12
- 1
Baltimore I.T. Academy
Public | 6 - 8
- 1
The Reach! Partnership School
Public | 8 - 12
- 1
Afya Public Charter School
Public | 6 - 8
- 0
Baltimore Montessori Public Charter Middle School
Public | 6 - 8
- 0
Baltimore Design School
Public | 6 - 10
- 0
Mother Seton Academy
Private | 6 - 8
- 0
Bluford Drew Jemison STEM Academy Middle School
Public | 6 - 8
- 0
Woodbourne School at Conrad
Private | 7 - 12
- 0
Friendship Academy of Science and Technology
Public | 6 - 12
- 8
Baltimore Polytechnic Institute
Public | 9 - 12
- 8
Baltimore School for the Arts
Public | 9 - 12
- 6
Western High School
Public | 9 - 12
- 6
Baltimore City College
Public | 9 - 12
- 5
Paul Laurence Dunbar High School
Public | 9 - 12
- 2
Carver Vocational-Technical High School
Public | 9 - 12
- 2
Augusta Fells Savage Institute of Visual Arts
Public | 9 - 12
- 2
Vivien T. Thomas Medical Arts Academy
Public | 9 - 12
- 1
Frederick Douglass High School
Public | 9 - 12
- 1
Independence School Local I
Public | 9 - 12
- 1
Renaissance Academy
Public | 9 - 12
- 1
Digital Harbor High School
Public | 9 - 12
- 1
Mergenthaler Vocational-Technical High School
Public | 9 - 12
- 1
Heritage High School
Public | 9 - 12
- 1
Reginald F. Lewis High School
Public | 9 - 12
- 0
Baltimore Talent Development
Public | 9 - 12
- 0
Excel Academy @ Francis M. Wood High School
Public | 9 - 12
- 0
The Community School
Private | 9 - 12
- 0
Eager Street Academy
Public | 9 - 12
- 0
St Frances Academy
Private | 9 - 12