5017 Roland Avenue, Baltimore, MD 21210

Property Description

Welcome to 5017 Roland Avenue, a multi-family triplex in the heart of Roland Park. This Victorian-style home has many features sought after by home buyers, investors and house hackers. This charming home has tons of versatility to use it as an investment property or a single-family home. This home could be easily converted back into a grand Roland Park single-family home. A great 203K loan opportunity. Property is being sold as-is. This home embodies the very best of Roland Park living. Whether you’re entertaining on the patio, enjoying a morning coffee while surrounded by nature, or simply appreciating the blend of history and modern updates, this property offers a truly unique and special opportunity. Rare opportunity to own this Roland Park gem. It currently presents as a fantastic opportunity to own a multi-unit apartment building—two spacious 2-bedroom/2-bath units, one 2-bedroom/1 bath unit ideal for savvy investors or those seeking a multi-generational living arrangement. With individual electrical & gas metering, you can easily manage expenses and maximize returns. Each unit is self-contained with its own electrical panel (in unit), water heater and furnace. Each unit features a combination of laminate and tile flooring throughout. The kitchen cabinetry in units 1 and 2 have been updated. All three units are in very good condition. Unit 1 has laundry in unit and the basement features storage and onsite laundry accommodations for units #2 and #3. This property offers endless possibilities. Seize the opportunity to build your investment portfolio in a prime location. Presently, all three units are rented with long-term tenants who desire to stay. This property features long-term tenants who value this property and have demonstrated their ability to maintain their home. You will appreciate having tenants who pay on time and take care of the property. The expansive backyard offers endless possibilities for outdoor enjoyment, from hosting gatherings or creating a private sanctuary. Exterior features of the building include a well-manicured lawn, a large front porch as well as a back deck off of units 1, 2, and 3 in addition to an off-street parking area, providing residents with peace of mind and a convenient place to park their vehicles. If you are looking to expand your rental portfolio or own a home where you can live in one unit and rent the other, this is perfect for you! This income-producing property is in a highly desirable area. This opportunity will provide you with instant cash flow with the current tenants and instant equity! Enjoy all that Roland Park has to offer within a short walk! Perfectly positioned near Baltimore’s top private schools, cultural institutions, banks, renowned dining establishments and boutique shopping. Convenient stroll to beloved local spots such as Petit Louis, Johnnys, Shenanigans, Starbucks, and Eddie’s. The Enoch Pratt Library, and proximity to private and public schools, universities, and more—all within a short stroll. For recreation, you can walk to Stony Run Park (connecting to Linkwood Park), the many neighborhood footpaths, the community pool, and the brand new Hillside Park. Enjoy the lush green spaces of Roland Park. This is a special spot. So much walkability and ease of life here. It feels removed from the hustle & bustle but still close to Johns Hopkins and downtown. Embrace the opportunity to experience a coveted lifestyle that combines yesteryear's charm with modern living's conveniences. It's an easy trip to 83 for commuting and to the Rotunda shopping area as well. This neighborhood has a sense of community hard to duplicate anywhere else in Baltimore. Become a part of the coveted Roland Park community and enjoy this home for years to come!

Property Features

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