Property

Brooklyn, MD 21225 942 1St

Presented By: Midfield Realty
  • MLS# MDAA2125374
  • 09/04/2025
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  • Beds • 3

Home Details

This 10-property, 19-unit portfolio in Anne Arundel County is being brought to market at $89,473 per unit, approximately 11% below the areas average sales price of $100,217 per unit. The portfolio generates a strong day-one cap rate of 7.26%, with a clear path to a stabilized cap rate of 11.4% through strategic rent increases and modest unit improvements. Current average rents across the portfolio are approximately $1,000 per unit, while market rents in the area average $1,400, presenting an immediate $500/month per unit income upside. Once stabilized at market rents, the portfolio has the potential to achieve a cap rate of approximately 11.4%, making this a compelling opportunity for investors see This 10-property, 19-unit portfolio in Anne Arundel County presents an exceptional investment opportunity with a mix of 23 bedroom brick duplexes and a rowhome, all featuring basements and efficient layouts perfect for rental income. The units are largely move-in ready, boasting updated kitchens with granite countertops and hardwood flooring for modern appeal. Most include refrigerators and ranges, while 2 units offer the added convenience having washer and dryer. Heating is reliably provided by gas furnaces, with 10 units also equipped with baseboard heaters for extra comfort. Cooling solutions vary, with 10 units featuring window or portable AC and 3 units utilizing radiator systems. Each unit benefits from separately metered utilities serviced by BGE and public water/sewer, simplifying management. Ideal for investors seeking a low-maintenance, high-demand portfolio, this collection combines charm, functionality, and strong income potential in a thriving location. Anne Arundel County is home to approximately 597,052 residents as of 2025. The county features a variety of local retail centers and shops, including the redeveloped Annapolis Mall, where significant investment is underwayreplacing the former JCPenney space with new tenants like OneLife Fitness and a supermarket. Nearby developments include major mixed-use projects in Odenton Town Center, such as the Blue Oaks at North Odenton apartments, Meade Centers retail and office spaces, and new Starbucks and Wawa locations, as well as a large MARC parking garage currently under construction. Educational attainment is strong, with 45.2% of residents aged 25 and over holding at least a bachelors degree. Major employers include Fort George G. Meade (over 64,000 employees), Anne Arundel County Public Schools ( 15,794), the State of Maryland ( 11,584), and BWI Thurgood Marshall Airport ( 10,000 jobs). Local transit options are robust, with BWI Thurgood Marshall Airport, Amtrak, MARC commuter rail, MTA light rail, commuter buses, and the Anne Arundel Connector. The area is also served by major highways and shuttle services, providing efficient access throughout the county and beyond. This property is part of a portfolio sale10 properties and a total of 19 Units Total Selling Price: $1,700,000.00 4931 BROOKWOOD RD. BALTIMORE 21225 4946 BROOKWOOD RD. BALTIMORE 21225 5201 BROOKWOOD RD. BALTIMORE 21225 5210 BROOKWOOD RD. BALTIMORE 2122 5906 1ST ST. BALTIMORE 21225 912 1ST ST. BALTIMORE 21225 915 1ST ST. BALTIMORE 21225 923 1ST ST. BALTIMORE 21225 942 1ST ST. BALTIMORE 21225 907 VICTORY AVE. BALTIMORE 21225
Presented By: Midfield Realty

Interior Features for 942 1St

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Basement (Y/N)No
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterOther

General for 942 1St

Acceptable FinancingConventional, FHA, VA
AccessibilityOther
AppliancesOven/Range - Gas, Refrigerator
Architectural StyleOther
CityBROOKLYN
Construction MaterialsBrick
Cool FuelElectric
CoolingOther
CountyANNE ARUNDEL
DirectionsPlease put into your GPS 942 1st St, Baltimore MD 21225
Garage Y/NNo
HeatingOther
Legal SubdivisionRITCHIE HEIGHTS
Living Area1104
New ConstructionNo
Number Of Units Total1
One Bedroom Units Count1
Other StructuresAbove Grade, Below Grade
OwnershipOther
Possession0-30 Days CD
Price Per Sq Ft Total AG81.05
Property SubtypeOther
Property TypeMulti-Family
School DistrictANNE ARUNDEL COUNTY PUBLIC SCHOOLS
SectionA
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Structure TypeOther
Subdivision NameRITCHIE HEIGHTS
Tax Annual Amount0.0
Tax Assessed Value1761.32
Tax Lot942
Tax Year2025
Total SQFT1656
Two Bedroom1
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1948
Year Built SourceEstimated
Zoning0

Exterior for 942 1St

Land Use CodeR
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Tina Torres

Broker/Owner
Price $89,474
MLS#MDAA2125374
List Date 09/04/2025
Property Type Contingent
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