This well-maintained, fully leased three-unit property in the heart of Canton offers a strong investment opportunity in one of Baltimore’s most desirable rental markets. With 2,838 square feet of above-grade living space and two spacious garages, it provides multiple income streams and long-term appreciation potential. The property generates an annual rental income of $64,750 with yearly expenses, including taxes, totaling $18,714, resulting in a net operating income of $46,036 and a cap rate of 6.6%. This property is fully leased with a strong rental history and delivers immediate cash flow and stability. Located in a high-demand neighborhood with access to shops, dining, and waterfront attractions, it is positioned for continued tenant demand. The two garages add additional income potential or flexibility for owner use. This is a rare opportunity for investors seeking a well-performing asset in a thriving urban market. Schedule your showing today.

Key Investment Features:

Long-Term Tenants: Each apartment is currently leased, with tenants in place for 5+ years, ensuring consistent cash flow and minimal turnover.

Updated Systems: Windows, HVAC units, and appliances have been upgraded, reducing immediate maintenance expenses.

Separate Utilities: Each unit is separately metered for electricity, while water costs are shared equitably, simplifying management.

Strong Demand: The property's thoughtful layout, private entrances, and modern comforts make it a highly desirable rental.

Apartment Details:

3-Bedroom (First Floor): Premium renovations in 2017, including upgraded cabinetry and carpet, support higher rental rates. Includes two bathrooms and a spacious layout, attracting long-term tenants. Currently leased through June 30, 2025

2-Bedroom (Second Floor, Front): Fresh carpet and paint in 2017 with updated appliances. Currently leased through June 30, 2025

1-Bedroom (Second Floor, Rear): Cozy and well-maintained with modern appliances. Currently leased through May 31, 2025

Low Maintenance, High Potential:

Roof: Professionally maintained flat rubber roof by a trusted local contractor.
Garages: Separately lease offering additional revenue.
Utilities: Gas heating and central air for all units, adding tenant satisfaction and energy efficiency.

Why This Property Stands Out:
This property is a turnkey investment opportunity with its mix of stable tenants, proactive maintenance, and desirable location. Its steady cash flow and the potential for rent increases due to recent upgrades offer a secure and attractive return for savvy investors.

2128 Fleet Street Rental Data