BACK ON MARKET BUYERS FINANCING FELL THROUGH PRIME CHARLES VILLAGE 4-UNIT | STRONG LOCATION | VALUE-ADD OPPORTUNITY Investors, take notice: 3119 Guilford Avenue is a well-located four-unit property in the heart of Charles Village, just three blocks from Johns Hopkins University’s Homewood campus. This end unit property consists of four apartments, with each unit occupying an entire floor, creating spacious layouts and an attractive rental configuration. The property is being offered as a value-add investment opportunity, with the existing kitchens and bathrooms ready for your renovations. An investor can bring a fresh vision to the four apartments, updating finishes, kitchens, and baths. The current kitchens feature gas ranges, stainless steel sinks, laminate countertops, and a mix of wood and metal cabinetry. Bathrooms vary in configuration, including three full tubs and one stand-up shower. One of the biggest advantages of 3119 Guilford is the way the property is separately metered. Each apartment has its own gas and electric meter, and tenants pay for their own water, keeping landlord-paid utilities and operating expenses low. The property features: 4 separate electric meters Separate gas-fired forced-air furnaces for each apartment Individual water heaters for each unit Tenant-paid water Location is one of the property's greatest assets. Johns Hopkins University’s Homewood campus is only three blocks away, placing the property in a highly desirable rental area with access to a major university, employment center, hospital, retail, restaurants, and neighborhood amenities. Tenants can walk to: Johns Hopkins University Homewood Campus Charles Village shopping and dining Union Memorial Hospital Local parks, restaurants, and neighborhood amenities This property will need renovations. This property was rented out and is currently vacant. The last renter moved out the first weekend in August. The block also benefits from Johns Hopkins campus security and the Charles Village Benefits District, which supports neighborhood cleanliness, security patrols, and community programming. For an investor seeking a Baltimore multifamily property - THIS IS IT - 3119 Guilford Avenue offers the opportunity to acquire, stabilize, improve, and grow value over time. Please note this property will need renovations.
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Around this home
Schools
K - 12
Preschool & daycare
Barclay Elementary/Middle School
Public PreK-8 • Assigned • 0.2mi
6/10
Baltimore City College
Public 9-12 • Assigned • 0.9mi
9/10
Provided by GreatSchools
About
Abell
Abell, located between Charles Village and Waverly, is a residential and academic-adjacent Baltimore neighborhood with brick rowhouses and leafy side streets. The neighborhood’s character concentrates around the Greenmount Avenue corridor near 32nd Street, where corner carryouts, small groceries, and bus stops set a steady, lived-in rhythm. The Charles Theatre and the Station North Arts District sit just west, adding repertory screens, galleries, and late-night stages to the orbit. A short walk south, R. House gathers local food stalls under one roof in Remington. Architecture leans early-20th-century rowhomes with stoops, bay windows, and pocket gardens. Green spaces and campus edges shape a walkable, everyday cadence.
Provided by Walk Score and Local Logic
Market insights
$440,000
SALE-TO-LIST
102.2%
Most homes are selling 2% above list price.
LIST PRICE
$440,000
Median sale price in this area is $192,671. (56% lower than this home)
PRICE DROP
0 price drops
23% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bedroom
Interior features
Basement
Heating & cooling
Radiator heating
Electric heating
Central air conditioning
Home design
End-of-row townhouse
Parking
On-street parking
Construction
Brick construction
Other foundation
Utilities
Public water
Public septic
Financial info
Four one-bedroom units; all four units are vacant and unfurnished
Electricity and solar
View estimated energy costs and solar savings for this home
Charles Village 4-unit for sale! The newly renovated first floor apartment is perfect for an owner-occupant buyer, and is rent-ready for an investor. Run this property as-is, or make upgrades to kitchens and bathrooms to increase rents and property value. 3119 Guilford Ave is just three blocks from Johns Hopkins University Homewood campus. Each of the apartments encompasses a full floor (including the basement) of the 3-story building. The generously sized rooms get ample natural light from the 20 windows this end-of-group boasts. Kitchens have laminate counters, stainless steel sinks, a mix of wood and metal cabinets, gas ranges and vinyl tile floors. Bathrooms have a mix of modern vanities and wall-mounted sinks; 3 full tubs and 1 stand-up shower stall; and vinyl tile floors. Above-grade living areas have hardwood flooring; the basement apartment has carpet. These units are separately metered for gas and electric, and the tenants pay for water. With no utilities to pay, the landlord’s operating costs stay low. The electric and heating systems are already upgraded, with 400 amp service and 4 electric meters, and separate gas-fired forced air furnaces for each apartment. 3119 Guilford has 4 gas meters. Water supply pipes are a mix of copper, c-pvc and steel; drain lines are a mix of pvc and steel. Each apartment has its own water heater. The tenants use coin-operated laundry in the basement, providing extra income for the owner. Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Union Memorial Hospital. 3119 Guilford Ave earns the designation “Walker’s Paradise” with a WalkScore of 93, a TransitScore of 57, and a BikeScore of 86. This block is patrolled by Hopkins campus security, and is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events. Investment Summary: $455,000 $113,750 Per Unit $159 Per Sq. Ft. 14.2 Times Actual Rents (GRM) 9.6 Times Market Rents (GRM) 7.12% Cap Rate 10.3% Projected Cash-on-Cash Return
BRIGHT MLS #MDBA2011818
Oct 4, 2021
Listing Removed
—
Sep 8, 2021
Listed
$450,000
$142/sq ft
Public Records
Dec 13, 2004
Sold
$335,000
$106/sq ft
Public Records
Jun 8, 2004
Sold
$257,250
$81/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$10,492 (−2.9%)
$60,000 + $386,700
$446,700
2025
$10,804 (+48.0%)
$60,000 + $386,700
$446,700
2024
$7,301 (+6.1%)
$90,000 + $370,000
$460,000
2023
$6,881 (+6.0%)
2022
$6,492
2021
$6,492
$90,000 + $185,100
$275,100
2020
$6,492 (−0.6%)
$90,000 + $185,100
$275,100
2019
$6,530 (+0.7%)
$90,000 + $185,100
$275,100
2018
$6,486 (+1.2%)
2017
$6,411 (+21.9%)
2015
$5,258 (+10.5%)
2013
$4,760 (−5.5%)
2012
$5,038 (−3.8%)
2011
$5,236 (−34.2%)
2010
$7,952
Public record
Public record
Zoning
Beds
—
Baths
4
Stories
3
Lot width
—
Lot depth
—
Lot size
2,565 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,170
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,170
Year built
1900
Style
Townhouse
County
Baltimore City
APN
12 203875 013
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 26, 2026.
R-6
Garden Rowhouse Residential District
Neighborhoods: The R-6 Garden Rowhouse Residential Zoning District is intended for primarily low density rowhouse neighborhoods that reflect a naturalistic environment typified by open and landscaped front yards of buildings that are set back and that contain stoops and porches oriented to those yards.; Housing types: The R-6 District is meant to accommodate single-family units in both detached and semidetached dwellings, rowhouse developments, and multi-family developments of a moderate density.
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 • 21218
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Redfin Estimate
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $310,000 and $550,000.