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Gay Street Multifamily Homes & Duplexes for Sale

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    $375,000

    • Studio

    1027 N Caroline St, Baltimore, MD 21205

    Investor Alert! Add this income-producing 3-unit multifamily to your portfolio. Property features three 2-bedroom apartments—each separately metered. Projected monthly rent roll is approximately $3,000/month. Located just blocks from Johns Hopkins Hospital in a high-growth corridor benefiting from the $1B+ East Baltimore Development Initiative (EBDI), including new townhomes, commercial projects,

    Kimberly Orange KLR Real Estate Inc

    1027 N Caroline St, Baltimore, MD 21205
  • /28

    $375,000

    • Studio

    1021 N Caroline St, Baltimore, MD 21205

    Investor Alert! Add this income-producing 3-unit multifamily to your portfolio. Property features one spacious 4-room unit and two 2-bedroom apartments—each separately metered. Projected monthly rent roll is approximately $3,900/month. Located just blocks from Johns Hopkins Hospital in a high-growth corridor benefiting from the $1B+ East Baltimore Development Initiative (EBDI), including new

    Kimberly Orange KLR Real Estate Inc

    1021 N Caroline St, Baltimore, MD 21205

Why Live in Gay Street

Gay Street in Baltimore is a compact, bustling neighborhood on the east side of downtown, characterized by its dense population and commercial activity. The presence of Johns Hopkins Hospital on the south side brings significant foot traffic and convenient access to public transportation, including the Metro. The neighborhood features colorful brick townhomes and rowhouses, some with fenced-in lawns or patios, ranging from fully renovated properties to older homes needing updates. Apartment complexes are also available, catering to a mix of renters and homeowners, with more renters found further north from the hospital. The Northeast Market, located nearby, offers fresh local produce, meats, seafood, and various take-out eateries. Additional dining options include Church Square Carryout and The Dog House Carryout, with numerous convenience stores and a Save A Lot grocery store in the vicinity. The area is home to the Johns Hopkins Medical campus, the School of Nursing, and the Bloomberg School of Public Health, making it a hub for students and employees who benefit from the Johns Hopkins Metro line. Religious landmarks include Faith Baptist Church and United Baptist Church, both notable for their Gothic Revival architecture. Outdoor activities are supported by Madison Square Park and the larger Clifton Park and Patterson Park, offering amenities like a golf course, tennis courts, an observatory, and a dog park. Despite the neighborhood's features, residents face challenges due to the recent destruction of the Francis Scott Key Bridge, significantly impacting travel and commute times, especially for those working in Dundalk and Glen Burnie.

Home Trends in Gay Street, MD

Housing Trends

Median Sale Price
$150,499
Median Single Family Sale Price
$315,000
Median Townhouse Sale Price
$210,000
Average Price Per Sq Ft
$420
Number of Homes for Sale
7
Last 12 months Home Sales
8
Months of Supply
10.50
Median List Price
$259,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-2%
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