Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Ductless, Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.77

  • Lot Size(square feet)

    33,541

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $6,900,000

  • Tax Amount

    $22,560

  • Sq. Footage

    8,552

  • Price/SqFt

    $806

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

  • Tax Lot

    1

  • Water Source

    Public

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Location

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BALTIMORE

Elementary School

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Listing Courtesy of Christopher J Cooke, Berkshire Hathaway HomeServices Homesale Realty

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Rare investment opportunity to acquire a strategically positioned commercial assemblage in highly desirable Mt. Washington, offering a compelling combination of established business operations, existing rental income, substantial parking, and prominent Falls Road visibility. The offering encompasses two commercial properties, 6081 and 6083 Falls Road, situated on an approximately .77-acre parcel with approximately 30 parking spaces, providing an exceptional footprint for an owner-user, investor, or commercial operator.  6081 Falls Road includes the real estate and well-established, highly profitable Pepe’s Restaurant, creating an attractive opportunity to acquire an operating business together with its underlying real estate. The approximately 6,448 sq. ft. building features a fully built-out restaurant and carryout operation on the main level, including the kitchen and two ADA-compliant bathrooms. The second level, constructed in 2014, expands the property's functionality with office and storage space, a half bath, and a new Firestone roof. The existing restaurant infrastructure significantly enhances the property's utility for continued restaurant use or future owner-user applications.  6083 Falls Road adds an established income-producing component to the portfolio. This approximately 1,900 sq. ft. turnkey commercial building is fully leased to two existing tenants generating $7,400 per month in rental income. Each unit is separately metered and features central heating and air conditioning, providing operational independence and flexibility for both tenants and ownership.  Together, these properties offer a diversified commercial investment with multiple revenue streams, established tenancy, an operating restaurant, substantial on-site parking, and exceptional exposure along heavily traveled Falls Road. The combination of income-producing real estate and an established business within a highly visible Mt. Washington location along with close proximity to private schools and local universities makes this a compelling acquisition for investors seeking scale, cash-flow potential, and long-term commercial real estate value.

6081-6083 FALLS ROAD

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New on site today
Built in 1994, Mulberry Court includes 62 residential apartments, six ground-floor retail spaces, and 12 garage spaces across three buildings totaling approximately 44,774 SF. The residential mix consists of 14 studios, 24 one-bedrooms, and 24 two-bedrooms. Property features include central HVAC, PVC plumbing, on-site laundry, secured courtyard, garage parking, security cameras, and on-site maintenance.

Assumable Financing
The property benefits from approximately $3.93 million of assumable HUD-insured debt at a 2.95% fixed interest rate, maturing in December 2056 with no balloon payment, subject to HUD approval. This long-term, low-cost financing provides a significant advantage compared with prevailing acquisition debt.

Financial Highlights
Mulberry Court is offered at $6.6 million, or approximately $106K per unit. The full renovation strategy identifies meaningful rent upside, with gross scheduled rent increasing by approximately $391,000 annually at stabilization. Rent growth ranges from approximately $125 to $558 per unit per month, supported by targeted renovations and improved operations.

Location Highlights
Located at 306 W. Mulberry Street in Baltimore’s Westside/Bromo Arts District, the property is approximately two blocks from Lexington Market and near UMB, UMMC, Mercy Medical Center, the Baltimore VA Medical Center, and the Baltimore Convention Center. The location offers strong accessibility with a 99 Walk Score and 100 Transit Score.
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