3600 Greenmount Ave, Baltimore, MD 21218

Property Description

Rare five-unit value-add opportunity in Baltimore’s Guilford neighborhood. 3600 Greenmount Avenue contains two large and three smaller one-bedroom apartments. Three apartments are currently occupied, providing existing income, while two vacant apartments allow renovations to begin immediately. The basement apartment requires a full gut renovation, and updating kitchens, bathrooms, flooring and paint throughout the building creates an opportunity to maximize rents and build long-term value. At just $92,000 per unit, the purchase price leaves room for improvements. More than $83,000 in roof and related work was completed in 2026, including a new natural slate roof and EPDM membrane. Additional features include three off-street parking spaces, six electric meters, six gas meters and individual gas-fired water heaters. Tenants pay electric and gas used for hot water and cooking. Located within approximately 1.5 miles of Johns Hopkins University’s Homewood Campus, Loyola University Maryland, Notre Dame of Maryland University, MedStar Union Memorial Hospital, the Baltimore Museum of Art and Hampden’s 36th Street commercial district. Apartment buildings are rarely offered in Guilford—schedule a tour of this full value-add investment opportunity today.