Baltimore, MD 21215 3016 Dupont Avenue

Pending
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Presented By: Ben Frederick Realty, Inc.
  • MLS# MDBA2172510
  • 06/19/2025
  • Request Tour
  • Request Info
  • SQFT • 10,800

Home Details

Strong Investment Fundamentals: After renovation, projected to deliver a 10.57% cap rate, 15.3% cash-on-cash return, and 5.3 GRM. Phased Renovation Opportunity: Three units gutted and ready for fit-out, four mid-level units needing cosmetic rehab, and four near rent-ready apartments support a manageable, staged value-add strategy. Strong Physical Plant: Upgraded plumbing, heavy-duty electric, and mini-split HVAC lay the groundworkstreamlining renovations and minimizing overhaul costs. Path to Lead-Free Compliance: Previous Limited Lead-Free certs on file; strong candidate for LLF recertification reducing turnover costs and risk. Park Heights Apartment Interiors: The property offers a clear path to value through renovation, with varying levels of work needed across the three floors. The lower level has been gutted to the studs and is ready for fit-out, including three future apartments and a utility room with washers and dryers for tenant use. The first floor includes four apartments in need of moderate rehabflooring refinishing or replacement (especially the carpet), appliance updates, and kitchen cabinet repairs or replacement. Kitchens on this level feature ceramic tile, living areas have hardwood or laminate flooring, and bedrooms are carpeted. The second-floor units have already been flipped and remain in good condition, needing only heavy cleaning and light touch-ups. Most second-floor windows are intact and operable, while ground-level and first-floor windows require some replacement. Across all floors, walls and ceilings are drywall, and the windows are vinyl replacements. Previous (now expired) Limited Lead-Free certificates are on file. With ongoing renovations, the building is a strong candidate for recertificationreducing turnover costs and simplifying compliance for ownership. Utilities: Interior plumbing has been upgraded with CPVC supply lines and PVC drain lines. The building is served by 800 amps of electrical service, with separate 100-amp panels in each of the 11 apartments. Eleven electric meters and 11 gas meters are in place. One apartment is currently tied to the Public Service panel, though an existing knockout provides the opportunity to restore a dedicated Public Service meter if desired. Each apartment was previously fit out with ductless mini-split systems for heating and cooling; 12 exterior condensers are on site, though their current operability has not been verified. Hot water is supplied by a single 80-gallon gas-fired heater, with a rated recovery capacity of 193 gallons per hour. Whats Special About Park Heights: 30163018 Dupont offers a rare opportunity for hands-on investors seeking to add value while contributing to Baltimore Citys stock of affordable housing. Set in the Cylburn neighborhood, just west of Park Heights Avenue, the property sits near a variety of shopping options along this main corridor. The West Cold Spring Metro Station is about a mile away, offering direct rail access to downtown Baltimore and beyond. The long-anticipated $400 million redevelopment of Pimlico Race Course is set to begin this year, bringing renewed investment and the potential to boost economic activity throughout the surrounding area. With solid infrastructure, a manageable renovation scope, and proximity to a major redevelopment zone, 30163018 Dupont is an ideal opportunity for investors ready to roll up their sleeves. Get in nowbefore everyone wants in.
Presented By: Ben Frederick Realty, Inc.

Interior Features for 3016 Dupont Avenue

Other Interior Features

Central Air Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterNatural Gas

General for 3016 Dupont Avenue

AccessibilityNone
Business TypeApartment Building
CityBALTIMORE
Construction MaterialsBrick, Block
Cool FuelElectric
CoolingDuctless/Mini-Split
CountyBALTIMORE CITY
DirectionsGPS
DisclosuresLead Based Paint - State
HeatingWall Unit
Legal SubdivisionWard 27
Lot Size Square Feet27051.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-07-09T14:23:50
MunicipalityBaltimore City
New ConstructionNo
Number Of Units Total11
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG53.7
Property SubtypeFive Or More Units
Property TypeCommercial Sale
RoofRubber
SewerPublic Sewer
Standard StatusPending
StatusPENDING
Subdivision NamePARK HEIGHTS
Tax Annual Amount13110.0
Tax Assessed Value559067.0
Tax Lot031
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceEstimated
ZoningR-4

Exterior for 3016 Dupont Avenue

Building Area Total10800.00
InclusionsAs-is.
Land Assessed Value54100.00
Land Use CodeEC
Lot Dimensions.621 acres
Lot Size Acres0.62
Lot Size SourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $580,000
MLS#MDBA2172510
List Date 06/19/2025
Property Type Pending
Phone 703.929.4729
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