218 & 216 W READ ST, Baltimore, MD 21201

Property Description

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.

Listing Status:

Active

Data Last Updated:

February 5, 2026 at 7:19AM

Listing Office:

Cummings & Co Realtors : 4108230033

Listing Agent:

Mark M Novak : 4104497770

MLS ID:

MDBA2200212

Interior

• A/C: Window Unit(s)
• Heating: Hot WaterNatural Gas
• Disability Feature: None

Construction

• General: Brick

Location

• Originating MLS: BRIGHT_MAIN
• School District: BALTIMORE CITY PUBLIC SCHOOLS
• County: BALTIMORE CITY-MD

Lot

• Zoning: C-10311020503 010

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN