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… Read More 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 b1;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 b1;3,198 square feet of above-grade living space, supplemented by b1;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. Read Less

Courtesy of Robert C Walters, CENTURY 21 New Millennium 703-556-4222

Days Online

Last Updated

Dec 27, 2025

Property Type

Single Family Residential

Square Ft.

3,198

Lot Size

0.28 Acres

Year Built

1890

MLS Number

MDBC2147292

Basement

Partial, Unfinished

Building

Built in 1890, Built in 2005 (effective), Living area: 3198, 3 stories, Construction Materials: Cedar

Cooling

Central A/C

Accessibility Features

None

Expenses

Operating: $12,601

Floors

Hardwood

Heating

Radiator

Income

Gross Income: $65,400, Net Operating Income: $51,398, Apartment Rentals

Lot

0.28 acres

Owner Pays

Electricity, Gas, Insurance, Taxes - Real Estate, Water

Property

Other structures: Above Grade, Below Grade

Roof

Architectural Shingle

Sewer

Public Sewer

Taxes

Annual Amount: $3,973, Year: 2025, Zoning: DR-2

Utilities

Water Source: Public

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1537 S ROLLING

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