942 1st, BROOKLYN, MD 21225
Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
942 1st,BROOKLYN, MD 21225
$89,474
- 3 Beds
- - Baths
- 1,104 sq. ft.
- Multi-family
- Active
Listed by:menachem m. dalfin
Office:midfield realty
MLS#:MDAA2125374
Source:BRIGHTMLS
Price summary
- Price:$89,474
- Price per sq. ft.:$81.05
About this home
This 10-property, 19-unit portfolio in Anne Arundel County is being brought to market at $89,473 per unit, approximately 11% below the area’s 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 2–3 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 underway—replacing 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 Center’s 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 bachelor’s 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
Contact an agent
Home facts
- Year built:1948
- Listing ID #:MDAA2125374
- Added:1 day(s) ago
- Updated:September 05, 2025 at 01:37 PM
Rooms and interior
- Bedrooms:3
- Living area:1,104 sq. ft.
Heating and cooling
- Heating:Electric
Structure and exterior
- Year built:1948
- Building area:1,104 sq. ft.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$89,474
- Price per sq. ft.:$81.05
New listings near 942 1st
- New$89,474Active3 beds -- baths1,104 sq. ft.
912 1st, BROOKLYN, MD 21225
MLS# MDAA2125350Listed by: MIDFIELD REALTY - New$89,474Active2 beds -- baths1,104 sq. ft.
923 1st, BROOKLYN, MD 21225
MLS# MDAA2125366Listed by: MIDFIELD REALTY - New$89,474Active3 beds 1 baths1,254 sq. ft.
4946 Brookwood, BROOKLYN, MD 21225
MLS# MDAA2125312Listed by: MIDFIELD REALTY - New$225,000Active3 beds 1 baths1,524 sq. ft.
444 Seward Ave, BROOKLYN, MD 21225
MLS# MDAA2124932Listed by: DOUGLAS REALTY LLC - $380,000Pending3 beds 4 baths1,936 sq. ft.
110 Zeppelin Ave, BROOKLYN, MD 21225
MLS# MDAA2120702Listed by: LONG & FOSTER REAL ESTATE, INC. - $349,900Pending4 beds 2 baths2,096 sq. ft.
214 Hillcrest Ave, BROOKLYN, MD 21225
MLS# MDAA2118890Listed by: BERKSHIRE HATHAWAY HOMESERVICES PENFED REALTY - $360,000Active4 beds 2 baths1,729 sq. ft.
4017 Orchard Ave, BROOKLYN, MD 21225
MLS# MDBA2177870Listed by: RE/MAX ADVANTAGE REALTY - $115,900Pending2 beds 1 baths756 sq. ft.
2819 Bookert Dr, BROOKLYN, MD 21225
MLS# MDBA2175556Listed by: CENTURY 21 DOWNTOWN - $250,000Active2 beds 1 baths864 sq. ft.
14 Cedar Hill Rd, BROOKLYN, MD 21225
MLS# MDAA2115444Listed by: E/STAR REALTY