MD > Baltimore > Glen Oaks
Baltimore, MD 21215,5801 NARCISSUS AVE
Baltimore, MD 21215,5801 NARCISSUS AVE
Baltimore, MD 21215,5801 NARCISSUS AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
21
Feb
Sat
22
Feb
Sun
23
Feb
William Kauffman

William Kauffman

Cummings and Company Realtors

+1(443) 722-4577
$775,000
Est. payment /mo
Save

UPDATED:

02/18/2025 10:16 PM

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Glen Oaks

MLS Listing ID MDBA2156696

Style Other

Originating Board BRIGHT

Year Built 1938

Annual Tax Amount $9,133

Tax Year 2025

Property Sub-Type Other

Property Description

5801 Narcissus Ave is a well-maintained six-unit multifamily property located in a quiet residential neighborhood of Baltimore. Built in 1938, this fully electric property offers tenants modern convenience with separate BGE metering for each unit, ensuring operational efficiency for landlords. Each unit features in-unit washers and dryers, providing added convenience for tenants, while private balconies enhance the overall living experience.

The property's central HVAC system, with all units' systems under 10 years old, ensures year-round comfort and cost-effective maintenance. Exterior improvements, including new exterior paint and tree removal, enhance curb appeal. The property also offers front and back yard space, a unique feature in urban settings.

Financial Highlights

The property also offers additional income potential through a storage unit in the back, creating an opportunity to maximize revenue streams.
Market comparables indicate renovated rents averaging $1,439/month, presenting a 55% increase from current rental rates. A pro forma analysis suggests potential revenue growth through strategic lease adjustments, with the possibility of achieving just under an 8% cap rate by the end of Year 2. The property is professionally managed with an 8% management fee, ensuring smooth operations and cost efficiency. Investors can expect stable income with appreciation potential in a demand-driven rental market.

Location Highlights

The property benefits from proximity to major commuter routes such as Reisterstown Road and I-83, providing easy access to surrounding job centers and city hubs. Public transit options, including the Reisterstown Plaza Metro Station, are just a short distance away.

For shopping and daily conveniences, Reisterstown Road Plaza (0.6 miles) and Northwest Plaza (1 mile) provide multiple retail and grocery options, including The Home Depot and ShopRite. Residents also have access to quality education institutions, with Baltimore City Community College (1.5 miles) and Coppin State University (2.8 miles) nearby. Healthcare needs are met by Sinai Hospital, located just 1.7 miles from the property.

This property represents an excellent investment with strong rental performance, efficient operations, and an attractive location that offers tenants both convenience and accessibility.

Location

State MD

County Baltimore City

Zoning R-4

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0327234429D014

Ownership Other

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
Listed by Menachem M. Dalfin • Midfield Realty

Search by popular filters

Filters Reset
Price
Beds
Baths
Reset

Days On Site
Advanced
Less Than
Days
Unit Level

SqFt
Switch to Acre
Sqft
Sqft
Lot Size
Switch to Acre
Sqft
Sqft
Price per Sqft
Monthly HOA Fee
Year Built
Stories
Kitchens
Acres
Full Bathrooms
Half Bathrooms
Frontage
Tax Amount
Land Lease Fee
Keyword
Maintenance Fee
Assessed Value

Fireplace Number

Parking Space
Garage Space
Carport Spaces

Open House
Has Picture
New
Hot
Virtual Tour
3D Tour
Price Reduced
Save Search
1.4K Properties

1,450 Featured Properties Available