$725,000

Estimated payment $4,852/month

Total Views 4,629
4 Beds
4 Baths
4,240 Sq Ft
$171 Price per Sq Ft

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Ceiling Fan
  • No HOA

About This Home

Excellent investment opportunity in Baltimore’s desirable Mid-town Belvedere neighborhood, featuring a 4-unit multifamily property made up of four 1-bedroom units and a top-level studio with a full private bathroom. Private parking or street parking available. Currently generating $3,920/month from 3 occupied units, with one unit vacant in the process of renovation, this property offers strong current income with a clear path to value-add growth. With updates and market-rate adjustments, projected gross income can reach just under $8,000/month or more. The property is well-positioned near restaurants, convenience stores, and public transit, and offers close access to Penn Station, MICA, and the University of Baltimore, making it appealing to a broad tenant base. Whether you're a first-time investor or looking to expand your portfolio, this property presents a rare blend of existing cash flow and upside potential in a high-demand rental area. Seller is open to creative financing or purchase options, adding flexibility for investors looking to structure a deal that aligns with their goals—reach out today to learn more or schedule a private showing. Please be mindful as building is tenant occupied, advanced notice is required or showings.

Listing Agent

Alex Lee

Cummings & Co. Realtors Listed on: 04/30/2025

Cummings & Co. Realtors

Co-Listing Agent

Jash Shah

Cummings & Co. Realtors

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $10,179

Year Built

  • Built in 1900

Lot Details

  • 2,618 Sq Ft Lot

Parking

  • Parking Lot

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • Property has 4 Levels
  • Ceiling Fan
  • Finished Basement

Flooring

  • Wood
  • Carpet
  • Tile or Brick
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 005
  • Assessor Parcel Number 0311120498 005

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$10,179

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Unit/Flat
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Expected On Market: 4/30/2025 12:00:00 AM
  • Year Built: 1900
  • Remarks Public: Excellent investment opportunity in Baltimore’s desirable Mid-town Belvedere neighborhood, featuring a 4-unit multifamily property made up of four 1-bedroom units and a top-level studio with a full private bathroom. Private parking or street parking available. Currently generating $3,920/month from 3 occupied units, with one unit vacant in the process of renovation, this property offers strong current income with a clear path to value-add growth. With updates and market-rate adjustments, projected gross income can reach just under $8,000/month or more. The property is well-positioned near restaurants, convenience stores, and public transit, and offers close access to Penn Station, MICA, and the University of Baltimore, making it appealing to a broad tenant base. Whether you're a first-time investor or looking to expand your portfolio, this property presents a rare blend of existing cash flow and upside potential in a high-demand rental area. Seller is open to creative financing or purchase options, adding flexibility for investors looking to structure a deal that aligns with their goals—reach out today to learn more or schedule a private showing. Please be mindful as building is tenant occupied, advanced notice is required or showings.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Flooring Type: Carpet, Luxury Vinyl Plank, Tile/Brick, Wood
  • Foundation Details: Block
  • Levels Count: 4
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 4240
  • Living Area Sq Ft: 4240
  • Price Per Sq Ft: 199.18
  • Above Grade Finished Sq Ft: 3640
  • Below Grade Finished Sq Ft: 600
  • Total Below Grade Sq Ft: 600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1115

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Upper Level 2 Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: BALTIMORE CITY PUBLIC SCHOOLS
  • School District Key: 121137830454
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: C
  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2618.00
  • Year Assessed: 2024
  • Zoning: O-R-4
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 10179.00
  • Assessor Parcel Number: 0311120498 005
  • Tax Lot: 005
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Price Changed $725,000 -3.2% $171 / Sq Ft
06/04/2025 06/04/25 For Sale $749,000 0.0% $177 / Sq Ft
05/10/2025 05/10/25 Pending -- -- --
04/30/2025 04/30/25 For Sale $749,000 +43.0% $177 / Sq Ft
02/08/2022 02/08/22 Sold $523,600 +97.6% $144 / Sq Ft
12/22/2021 12/22/21 Pending -- -- --
12/13/2021 12/13/21 Price Changed $265,000 -24.3% $73 / Sq Ft
11/16/2021 11/16/21 For Sale $350,000 -- $96 / Sq Ft
Source: Bright MLS

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Source: Bright MLS

MLS Number: MDBA2165450

Bright MLS