218 & 216 W Read St

Highlights:

• Days on Market: 15
• Heating: Hot Water

Description:

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.

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Listing ID: 804503823788