* * Three fully occupied rental units in the heart of historic Ridgely's Delight! * * An attractive opportunity for investors seeking an established income-producing property in a central Baltimore location. Situated at the corner of Emory Street and Melvin Drive, this multifamily property includes three separately addressed residential units: 312 Emory Street, 314 Emory Street, and 629 Melvin Drive. All three units are currently rented, providing an existing rental income stream from the time of acquisition. The property offers a versatile mix of residential accommodations. * * 312 Emory Street * * features two bedrooms and one full bathroom. * * 314 Emory Street * * offers three bedrooms and two full bathrooms, providing a larger residential layout. * * 629 Melvin Drive * * features two bedrooms and two full bathrooms in a multilevel configuration. Together, the three units provide seven bedrooms and five full bathrooms, offering a range of layouts within a single investment property. Interior features include updated kitchens with granite countertops, stainless steel appliances, and contemporary cabinetry, along with updated bathrooms, laminate flooring, and in-unit laundry facilities. These amenities contribute to the property's appeal as a multifamily investment and offer conveniences commonly sought by residential tenants. * * Location is a major highlight. * * Ridgely's Delight is a historic residential neighborhood situated along the western edge of downtown Baltimore. The property is conveniently located near the University of Maryland, Baltimore campus, University of Maryland Medical Center, and Baltimore VA Medical Center, placing several major educational, medical, and employment destinations nearby. Oriole Park at Camden Yards and M & T Bank Stadium are also close to the neighborhood, along with the Babe Ruth Birthplace and Museum, Baltimore Convention Center, and the Inner Harbor. The neighborhood also offers access to Camden Station's MARC and Light Rail connections, major commuter routes including I-95 and I-395, and downtown Baltimore's restaurants, entertainment, and cultural destinations. This combination of residential character, employment centers, transportation options, and recreational attractions adds to the property's location appeal. Whether adding to an established real estate portfolio or acquiring a multifamily investment in Baltimore, this fully occupied three-unit property presents an opportunity to own rental real estate in a well-positioned historic neighborhood. Contact the listing agent to learn more about this investment opportunity! * * PHOTO DISCLOSURE: ALL listing photographs have been digitally enhanced using AI to remove clutter and personal belongings. The images may not reflect the property's exact current appearance. Buyers should verify the property's actual condition during their due diligence. * *
Multi-familyProperty Type
1900Year Built
1,760 sq ftLot Size
$217Price/Sq.Ft.
Listed by David Zeff• Keller Williams Capital Properties
Ridgely's Delight, located between the University of Maryland, Baltimore campus and Camden Yards, is a historic and residential Baltimore neighborhood with brick rowhomes and pocket parks. The neighborhood’s character concentrates around Washington Boulevard near Ridgely’s Delight Park, where stoops, corner greens, and a steady stream of walkers set a lived-in rhythm. Architecture leans late-19th-century, with tight blocks, painted doors, and small rear courtyards. The B&O Railroad Museum anchors local heritage with locomotives and industrial-era exhibits. Pickett Brewing Company adds a taproom counterpoint in a converted warehouse setting. Streets funnel toward downtown and the stadium district, keeping the atmosphere urban and grounded.
Provided by Walk Score and Local Logic
Property details
Exterior
Finance
Exterior
Parking
On-street parking
Construction
Brick construction
Utilities
Other cooling with natural gas
Forced-air heating with natural gas
Natural gas hot water
Public sewer
Public water
Financial info
Three units total, including two two-bedroom units and one three-bedroom unit
Rent control: No
Electricity and solar
View estimated energy costs and solar savings for this home
"Estate Sale - Final and Best Offers by Sat. 1/13 @ 2PM". Multi unit building in amazing Ridgely's Delight w/ two 2 BR rowhomes & one 3 BR rowhome - with rents totaling up to $3900/month. Close to UMMC, stadiums & mins. from the Inner Harbor. Metered separately, W/ D shared by three units; sold as is, could use some updating, but very livable. Operating Exp. estimated.
Neighborhoods: The R-8 Rowhouse Residential Zoning District is intended to accommodate and maintain the traditional form of urban rowhouse development typical of many of the City's inner neighborhoods, which contain continuous, block-long rowhouse development built to or only modestly set back from the street.; Housing types: Although rowhouse is the predominant housing type, this district also accommodates other residential types, of a similar density, including detached and semi-detached dwellings, and multi-family developments of a larger scale than found in more restrictive zoning districts.
Permitted uses
Include but are not limited to:
Religious facility
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational / school
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
6 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Baltimore, MD • 21230
Average low and high temperatures (°F)
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32
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Sun exposure
77/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.5 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 312 Emory St
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