5009 Roland Avenue

Description

Set within Roland Park, one of Baltimore’s most prestigious neighborhoods and among the nation’s first planned suburbs, 5009–5011 Roland Avenue is positioned along a sweeping, tree-lined corridor shaped by the legacy of Frederick Law Olmsted.The combined property comprises eight apartments, including four two-bedroom, one-bath units; one two-bedroom, two-bath unit; two one-bedroom, one-bath units; and one studio apartment. This well-balanced unit mix supports broad tenant appeal and consistent leasing.Residences at 5009 Roland Avenue feature bright, functional kitchens with wood cabinetry, laminate countertops, and 30" electric ranges, with dishwashers in every unit. Select apartments include garbage disposals and a built-in microwave. Bathrooms are finished with modern vanities and ceramic-tile tub or shower surrounds. Living areas are primarily hardwood, complemented by carpeted bedrooms and ceramic tile baths.At 5011 Roland Avenue, interiors are upgraded with granite countertops, wood shaker cabinetry, and full appliance packages that include dishwashers, built-in microwaves, and disposals. Bathrooms offer ceramic-tile surrounds and contemporary vanities, while units feature a mix of hardwood flooring, carpeted bedrooms, and tile baths. In-unit washers and dryers and vinyl replacement windows are installed throughout.The property operates efficiently with separately metered electric service for each apartment, and every unit is equipped with an electric heat pump and central air conditioning. 5009 Roland Avenue is served by three separate gas-fired water heaters—one per apartment—on a single gas meter, while 5011 Roland Avenue is a fully electric building with individual electric water heaters serving each unit.Roland Park is widely regarded as one of Baltimore’s most desirable residential neighborhoods, offering architectural character, top-rated public schools, nearby private academies, and close proximity to Loyola University Maryland, Notre Dame of Maryland University, and Johns Hopkins University. Roland Park Elementary/Middle School is just a 3.5-block walk from the property, adding everyday convenience for residents.This fully stabilized Roland Park 8-unit offers a rare opportunity to acquire multifamily housing in a location where inventory is limited and demand remains strong. With modern interiors, tenant-paid utilities, and a proven rent roll, the property delivers steady income and historically low turnover. The 7.35% cap rate reflects the stability of the neighborhood and the strength of the underlying rental market, making this an attractive option for investors seeking dependable cash flow and long-term appreciation.