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700 Park AvenueBaltimore, MD 21201Price: $4,300,000

  • Price: $4,300,000
  • 5 Days on Market
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Federal 30-year interest rate: 6.76% last updated on Sep 10, 2026
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  • 0.07Acreage
  • 1905Year Built
  • DowntownLocationType
  • 165Price Per Square Foot
Rare opportunity to acquire a substantial multifamily investment property in the heart of historic Mount Vernon. 700 Park Avenue offers the compelling combination of strong in-place income, high occupancy, and significant value-add potential. Current rents remain well below their long-term potential, creating substantial upside through rent optimization, natural turnover, and strategic unit improvements while maintaining existing cash flow. Ideally positioned in one of Baltimore's most established and architecturally significant neighborhoods, the property offers convenient access to Downtown Baltimore, major universities, hospitals, employment centers, cultural institutions, dining, and transportation. An exceptional opportunity to acquire meaningful scale in Mount Vernon with immediate income and considerable long-term rental and NOI growth potential. Offered as-is.
Listed by Harry N Dunstan III of Coldwell Banker Realty - Washington

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Railey Vacations

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Railey Vacations
Office: 301-387-2124
5 Vacation Way
McHenry, MD 21541

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Location Information

  • UsmAreaBaltimore

Parking

  • Parking TypesNone

Basic Information

  • Date Listed09/10/2026

Building

  • Building Area SourceEstimated
  • Building Area Total26032
  • Construction MaterialsStone, Brick
  • Elevators1
  • Year Built1905

Utilities

  • CoolingWall Unit
  • Cooling FuelElectric
  • Heat SystemRadiator
  • Heating FuelNatural Gas
  • Heating YNYes
  • SewerNo Septic System
  • Water HeaterNatural Gas
  • Water SourcePublic

Basic Information

  • Broker NameColdwell Banker Realty - Washington
  • List Price$4,300,000
  • LocationTypeDowntown
  • MLS NumberMDBA2230448
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot165
  • StatusACT

Property

  • Acreage0.07
  • Business TypeApartment Building
  • Lot Size SourceEstimated
  • Lot Size Square Feet3,254
  • New Construction YNN
  • Property SubTypeFive Or More Units
  • ZoningOR-2

Property Information

  • Municipal Trash YNYes

Legal

  • PossessionImmediate, Negotiable
  • Sale TypeStandard

Tax Information

  • Tax Assessment Amount$1,873,033
  • Tax Year2026
  • Taxes$43,846
  • Total Taxes Payment FrequencyAnnually

Location

  • Address700 Park Avenue
  • Building Number700
  • CountyBaltimore City
  • DirectionsFrom Penn Station Head south on N Charles Street toward East Lanvale Street.Turn left at the first cross street onto East Lanvale Street.Turn right onto the East Coast Greenway/St Paul Street.Follow St Paul Street south for about 0.6 miles, then turn right onto East Madison Street.Continue straight on East Madison Street for three blocks, then turn left onto Park Avenue. 700 Park Ave will be on your right.
  • In City Limits YNYes
  • StateMD
  • TownBaltimore
  • Zip21201

Amenities

  • Accessibility AmenitiesElevator

Other

  • Historic YNYes
  • View Count1

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Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Railey Vacations participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated September 14, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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