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3217 Orlando Ave, 
Baltimore, MD 21234

$230,000


3

Beds


2

Baths


1,857

Sq Ft


Townhouse

Active

Listed by

Will A Cannon Iii

Ben Frederick Realty, Inc.

Last updated:

September 7, 2025, 01:42 PM

MLS#

MDBA2182290

Source:

BRIGHTMLS

About This Home

3217 Orlando Ave

This property is part of a portfolio sale consisting of 11 single-family rental homes across Baltimore City, Baltimore County, and Anne Arundel County. In addition to 3217 Orlando Avenue, the portfolio includes: 6611 Windsor Mill Road, 4841 Bowland Avenue, 940 Saint Agnes Lane, 5223 Brookwood Road, 804 Armcliffe Road, 2241 Graythorn Road, 625 Delaware Avenue, 1930 Ewald Avenue, and 4012 Saint Augustine Lane and 936 Foxcroft Lane. Ten of the eleven homes are currently leased, with subsidy programs covering approximately 61.5% of the total monthly rent. Interiors: This Baltimore subsidized rental portfolio includes 11 single-family homes-8 three-bedroom and 3 four-bedroom units-ranging from 1,024 to 1,857 square feet. Kitchens feature wood cabinetry throughout, with 9 homes upgraded to granite countertops and the remaining 2 with laminate. All kitchens include 30? gas ranges; some are also equipped with built-in microwaves and dishwashers. Baths are updated with modern vanities and mostly feature ceramic tile tub surrounds, with just one unit having a shower stall with vinyl surround. Flooring includes a mix of vinyl plank, laminate, ceramic tile, and carpet. Walls are plaster or drywall; several basements feature suspended ceilings or wood paneling. Every home offers a private yard, and most include front porches. Vinyl replacement windows are installed throughout. Utilities: Each home is individually metered for gas and electric, with 100- or 200-amp electrical service. Ten homes are equipped with gas-fired furnaces and central air conditioning. Water heaters vary by property and are either gas or electric, typically 40-gallon capacity. In-unit washers and dryers are provided in all homes. Tenants are responsible for electric, gas, lawn care, and snow removal. In Baltimore County and Anne Arundel County, tenants pay water and sewer bills directly. At the two Baltimore City properties, the landlord pays for water and sewer and bills tenants back. What's Special About This Baltimore Subsidized Rental Portfolio? Tenants are primarily program participants, with subsidy programs covering approximately 62% of the monthly rent, providing reliable cash flow backed by government sources. More than half of the portfolio is located in Essex and Dundalk, where investor demand remains strong due to stable, working-class tenant bases and consistent rental demand. Dundalk in particular is a well-established suburb ,offering easy access to I-695 and proximity to major employers such as the Amazon fulfillment center, the Maryland Transportation Authority, and Johns Hopkins Bayview Medical Center. The remaining homes are located in neighborhoods like Gwynn Oak, Middle River, and Hamilton-areas with continued high demand for affordable housing. This scattered-site portfolio blends consistent income with broad exposure to some of the region's most active affordable housing corridors. $2,600,000; $236,364 Per Unit; $217 Per Sq. Ft.; 8.3 Market GRM, 9.49 Cap Rate and 12.4% Projected Cash-on-Cash Return.

Home Facts

Townhouse

2 Baths

3 Bedrooms

Built in 1952

Price Summary

230,000

$123 per Sq. Ft.

MLS #:

MDBA2182290

Last Updated:

September 7, 2025, 01:42 PM

Added:

3 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,857 Sq. Ft.


Structure

Structure

Architectural Style:

Bi-level

Building Area:

1,857 Sq. Ft.

Year Built:

1952


Lot

Lot Size (Sq. Ft):

6,098


Finances & Disclosures

Finances

Price:

$230,000

Price per Sq. Ft:

$123 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright MLS All rights reserved.

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