Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Window Unit(s), Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Hot Water

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.06

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $549,900

  • Tax Amount

    9419.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    010

  • Water Source

    Public

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BALTIMORE CITY

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Listing Courtesy of Mark M Novak , Cummings & Co Realtors

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Mike Mathis

Call Mike today to schedule a private showing.


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Located in the heart of **Mt. Vernon one of Baltimore’s most enduring and in-demand neighborhoods** this 6-unit mixed-use property offers a rare blend of location, income, and flexibility. The building features two street-level commercial storefronts and four residential apartments, creating diversified revenue and broad buyer appeal in a neighborhood known for strong rental demand.

Currently producing $5,175/month in in-place income, three residential units and both commercial spaces are occupied, with one residential unit delivered vacant; an immediate opportunity for an owner to increase cash flow, set market rent, or occupy the unit. Upon lease-up, projected rents support $6,025/month ($72,300 annually).

Mt. Vernon’s walkability, cultural institutions, dining, and proximity to downtown, universities, and transit continue to drive consistent demand across residential and commercial sectors. This asset is well-suited for:

Investors seeking stable income in a proven submarket

Owner-users looking to live or work in a premier location while offsetting expenses

Buyers focused on long-term appreciation and mixed-use diversification

Financials support attractive returns in today’s market without reliance on speculative assumptions. A clean value-add opportunity in a neighborhood that continues to outperform.

Offered as-is. Rent roll and additional financial information available upon request.

218 & 216 W READ STREET

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