218 - 216 Read St Baltimore, MD 21201

Listing details for 218 - 216 Read St, Baltimore, MD 21201 : 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.