Commercial $ 499,900

218 & 216 W READ ST

Baltimore, MD 21201

  • 2,614 Lot Size
  • 1900 Year Built
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.
Listed by Cummings & Co Realtors

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Mixed Use

    Listing Status Under Contract

    Purchase Type For Sale

    MLS Listing ID MDBA2200212

    Year Built 1900

    Annual Tax Amount $9,419

    Tax Year 2025

    Lot Size 2,614 Sqft

    Acres 0.06

    Property Sub-Type Mixed Use

    Source BRIGHT

  • Location

    State MD

    County Baltimore City

    Zoning C-1

  • Building

    Sewer Public Sewer

    Water Public

    New Construction N

  • Interior

    Hot Water Natural Gas

    Heating Hot Water

    Cooling Window Unit(s)

    Heat Source Natural Gas

  • Exterior

    Water Access N

    Accessibility None

    Garage N

  • Schools

    School District Baltimore City Public Schools

  • Others

    Tax ID 0311020503 010

    Ownership Fee Simple

    Special Listing Condition Standard

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