Premier 4-Unit Multifamily Investment in Historic Relay. 1537 South Rolling Road presents a rare opportunity to acquire a fully stabilized four-unit multifamily property in the heart of the Historic Relay District, one of Baltimore County’s most consistently performing rental markets. Initially constructed in 1890 and restored by the owner, an award-winning custom builder and contractor, the property blends classic architectural charm with modern functionality. Its quiet location, strong rental demand, exceptionally low vacancy history, and proximity to major employers, universities, and transportation corridors make it a standout investment. The property features a balanced layout beginning with two 2-bedroom units (Units 1 and 2). Unit 1 includes a versatile sitting room with a large walk-out bay that can also function as the second bedroom and offers two entrances—its primary entry located at the rear of the property, along with a secondary access point through the foyer. Unit 2 welcomes you through its expansive ±28 ft private covered porch. Inside, you’ll find beautifully preserved original oak paneling, walnut-inlaid oak flooring, and a generous walkout bay that fills the space with natural light. The flexible floor plan includes a bonus walk-through second bedroom—perfect for a home office, nursery, dressing room, or creative studio. For added convenience, this unit also features its own private washer and dryer.
Completing the property, the second floor features two additional 1-bedroom units (Units 3 and 4), which—together with Units 1 and 2—offer a combined total of approximately ±3,198 square feet of above-grade living space, supplemented by ±657 square feet of basement storage or utility area. Current in-place rents highlight the area’s desirability: Unit 1 (2BR) leases for $1,450/month, Unit 2 (2BR) for $1,350/month, Unit 3 (1BR) for $1,300/month, and Unit 4 (1BR) for $1,350/month. This results in a stable monthly income of $5,450, or $65,400 annually, supported by a long-standing 0% vacancy rate and a convenient one-to-one onsite parking ratio. 1537 S Rolling Road is a fully stabilized, income-producing asset with consistent, predictable cash flow. The property generates approximately $65,400 in annual gross rental income, supported by a strong tenant base. Operating expenses—including taxes, insurance, utilities, and general operating costs—total approximately $12,601, resulting in an attractive Net Operating Income (NOI) of roughly $51,398. With solid submarket fundamentals—characterized by rising rents, limited rental supply, and steady absorption—this property is well-positioned to deliver dependable performance and long-term value appreciation. Investors benefit from both immediate cash flow and the potential for continued rent growth in a high-demand corridor. See attached brochure for more specific information about appliances and utilities.