1309 E Madison St Baltimore, MD 21205
Estimated payment $1,124/month
About This Home
Investor opportunity in the heart of Baltimore! This tenant-occupied 2-bedroom, 1-bath brick rowhome offers immediate rental income with strong long-term upside. **Current rent is $1,250/month with a reliable long-term tenant in place since 01/04/2019**, making this a true turnkey investment. The property features a functional layout with spacious living and dining areas, updated kitchen with modern cabinetry and appliances, and generously sized bedrooms. Neutral finishes and durable flooring make for low-maintenance ownership. Additional highlights include **assigned parking in a private rear lot**—a major bonus for city rentals—along with central air and ample natural light throughout. Located in a convenient East Baltimore corridor, this home provides easy access to major commuter routes, downtown, and neighborhood revitalization projects. Just minutes from Johns Hopkins, Patterson Park, and the vibrant dining and entertainment options of Fells Point and Canton, this area continues to see steady rental demand and appreciation potential. Perfect for investors looking to add a **cash-flowing property** to their portfolio with a tenant already in place. Great opportunity to secure a property in a growing market with built-in income from day one.
Listing Agent
(443) 320-1344 mike.pat.mac@gmail.com Allfirst Realty, Inc. Brokerage Phone: 4433201344 License #5002494 Listed on: 04/10/2026
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,612
Year Built
- Built in 1982
HOA Fees
- $120 Monthly HOA Fees
Parking
- Parking Lot
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Permanent Foundation
Interior Spaces
- 936 Sq Ft Home
- Property has 2 Levels
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 025
- Assessor Parcel Number 0310091242 025
Community Details
Overview
- Association fees include management
Pet Policy
- Pets allowed on a case-by-case basis
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,472 | $68,300 | $17,000 | $51,300 |
| 2024 | $1,472 | $62,667 | -- | -- |
| 2023 | $1,340 | $57,033 | $0 | $0 |
| 2022 | $1,213 | $51,400 | $12,800 | $38,600 |
| 2021 | $1,103 | $46,733 | $0 | $0 |
| 2020 | $993 | $42,067 | $0 | $0 |
| 2019 | $878 | $37,400 | $9,300 | $28,100 |
| 2018 | $883 | $37,400 | $9,300 | $28,100 |
| 2017 | $821 | $37,400 | $0 | $0 |
| 2016 | $1,399 | $75,000 | $0 | $0 |
| 2015 | $1,399 | $75,000 | $0 | $0 |
| 2014 | $1,399 | $75,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/10/2026 04/10/26 | For Sale | $163,000 | 0.0% | $174 / Sq Ft |
| 01/03/2019 01/03/19 | Rented | $1,250 | 0.0% | -- |
| 12/24/2018 12/24/18 | Off Market | $1,250 | -- | -- |
| 10/15/2018 10/15/18 | Price Changed | $1,250 | -7.4% | $1 / Sq Ft |
| 09/21/2018 09/21/18 | Price Changed | $1,350 | -6.9% | $1 / Sq Ft |
| 07/20/2018 07/20/18 | For Rent | $1,450 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $34,000 | Advantage Title Co | |
| Deed | $30,400 | None Available | |
| Deed | $45,000 | -- | |
| Deed | $19,000 | -- | |
| Deed | $42,250 | -- | |
| Deed | $53,700 | -- |
Source: Bright MLS
MLS Number: MDBA2210154
APN: 1242-025
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