Baltimore MF or SF LTR

[Kwanza P.]

Hello, is anyone working or experienced in the Baltimore market for multi family or single family rentals ? What are Reg’s like in Maryland? Is it a landlord friendly city and state ? 

[Mike Rutherford]

Great to see you digging into the Baltimore market—plenty of action there for multifamily and single-family rentals! As the CFO of a developer and property management firm, I’ve got some experience with rental markets across the US. 

Baltimore Market Snapshot:

• Multifamily: Baltimore’s got a decent multifamily scene—median rents hover around $1,500-$1,800 for 2-3 unit properties, with Class B and C buildings in areas like East Baltimore or Hampden offering cash flow potential. Prices for small multis (3-9 units) can range from $300k-$600k, depending on condition. Demand’s steady, driven by Johns Hopkins, young professionals, and some urban renewal buzz.
• Single-Family Rentals: SFHs are solid too—$200k-$350k buys you a 3BD rowhouse in up-and-coming spots like Patterson Park, renting for $1,200-$1,600/month. Cash flow’s tighter than multifamily, but appreciation’s been ticking up (3-5% yearly). STRs can work near tourist draws like the Inner Harbor.

Since you’re scoping markets, we develop, build, and manage Class B multifamily projects in rural southeast US—12-200 unit properties in rural Georgia, Alabama, or the Carolinas. Why rural over Baltimore? Lower entry costs, 8-12% cash-on-cash returns, and lighter regs—most counties just need basic safety checks, no city-style licensing grind. We handle everything, so you’d get steady cash flow without Maryland’s tenant-first tilt or Baltimore’s paperwork maze. Perfect for a hands-off investor testing the waters.

What’s your vibe—sticking with Baltimore to grind it out, or curious about a rural southeast play with us? I’d love to hear what you’re chasing (cash flow, scale?) and swap more insights. This community’s the best for brainstorming—glad you’re here!