2128 FLEET ST Baltimore, MD 21231

This well-maintained three-unit property in Canton presents a compelling investment opportunity in one of Baltimore's most established rental markets. With 2,838 square feet of above-grade living space and two large garages, the property offers multiple income streams and long-term growth potential. . | |
The building generates approximately $68,100 in annual rental income. Yearly expenses, including property taxes, total around $17,823, resulting in a net operating income of $44,076.12 and an estimated cap rate of 6.48%.. | |
The three-bedroom unit is currently vacant. A lease cannot be executed while the property is listed as Active Under Contract. | |
This property boasts a strong rental history, providing immediate cash flow and stability. Located in a high-demand neighborhood with access to shops, dining, and waterfront attractions, it is positioned for continued tenant demand. The two garages add additional income potential or flexibility for owner use. This is a rare opportunity for investors seeking a well-performing asset in a thriving urban market. | |
Rental license, registration, and inspection were renewed in July 2025. Recent updates to the three-bedroom unit include new carpet, fresh paint, a professional deep cleaning, and strong interest from prospective tenants.