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2595 CARROLL STREET
About This Property
Opportunity to purchase a ±1.38-acre residential development site in Baltimore City's Morrell Park neighborhood. A recorded final subdivision plan for Carroll Crossings depicts 20 residential lots, together with HOA, private-road and alley-widening parcels. The property is ideally positioned with convenient access to I-95, I-295, I-695, and downtown Baltimore, making it well suited for residential redevelopment. The site is located near neighborhood amenities including parks, schools, recreation facilities, and employment centers, while remaining just minutes from the Inner Harbor, BWI Airport, and MARC commuter rail service.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2026 | Price Increased |
$450,000
↑ $225K
(100%) | |
| Price Increased | |||
| Aug 5, 2026 | Listed by Ashland Auction Group LLC | $225,000 | |
| Listed by Ashland Auction Group LLC | |||
| Jun 13, 2024 | Listed | $399,747 | |
| Listed | |||
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Live authentically. Carroll Crossing. Rarely available recorded 20 lot subdivision in Baltimore City. See attached final subdivision plan. A unique opportunity to put your aesthetic stamp on a fresh townhome look. Invigorate buyers with potential rooftop decks and gated enclave. A plethora of possibilities. Less than 3 miles from M&T Stadium. Walking distance to Morrell school and baseball field. The I-95 turnoff off is around 1 1/2 blocks from site via Washington Blvd. While 20 lots are recorded, there is potential for 25 units if you want to reengineer. Lot size is 20 x 36, end unit lots are larger. Realize and create your vision here. Cultivate your existence. The art of uniting human and home.
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| May 16, 2020 | No longer available | - | |
| No longer available | |||
| May 14, 2019 | Listed | $450,000 | |
| Listed | |||
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Bring all offers! Motivated Seller! 20 Approved Townhouse Lots Zoned R-6 Known as the "Carroll Crossing" Subdivision in "Morrell Park" Substantial Engineering Complete! 1.38 +/- acres, Zoned R-6, Baltimore City FDP Approval for 20 Single Family Attached Dwelling Units.
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About Southwestern Baltimore
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Ashland Auction Group LLC
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDBA2226802
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