1406 Madison Ave Baltimore, MD 21217
Madison Park NeighborhoodEstimated payment $4,392/month
Total Views
609
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Federal Architecture
- Heating Available
- 4-minute walk to Mosher Street Park
About This Home
Fantastic investment opportunity in the heart of Baltimore - Madison Park Historic District!
Add this four-unit (16 rooms) multifamily property at 1406 Madison Ave to your portfolio and unlock its strong income potential. Each of the four separately metered units features individual rental rooms, totaling 16 rentable rooms—a rare setup ideal for maximizing rental income. Each unit includes shared common areas: a kitchen, open-concept living and dining area, bathroom, and laundry space. Some rooms are furnished, making this a turn-key opportunity for student housing, transitional housing, or other high-demand rental strategies. Located in a high-demand rental area near downtown attractions, Johns Hopkins University, MICA, UB, MARC train, commuter routes, shops, dining, stadiums, and entertainment. This property is a cash-flowing asset in a growing neighborhood. Estimated potential rent roll of $8,000–$10,000/month when fully occupied. Whether you're a seasoned investor or just starting your portfolio, this property is a prime addition. Don’t miss this opportunity to capitalize on a high-yield investment!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,657
Year Built
- Built in 1920
Parking
- On-Street Parking
Home Design
- Federal Architecture
- Brick Exterior Construction
- Stone Foundation
- Stone Siding
Basement
- Basement Fills Entire Space Under The House
- Connecting Stairway
Additional Features
- 3,049 Sq Ft Lot
- Heating Available
Community Details
- 4 Units
- Madison Park Historic District Subdivision
Listing and Financial Details
- Tax Lot 003
- Assessor Parcel Number 0314120378 003
Map
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Home Values in the Area
Average Home Value in this Area
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 | $1,503 | $70,200 | $14,000 | $56,200 |
| 2024 | $1,503 | $70,200 | $14,000 | $56,200 |
| 2023 | $1,657 | $70,200 | $14,000 | $56,200 |
| 2022 | $1,440 | $70,200 | $14,000 | $56,200 |
| 2021 | $1,576 | $66,800 | $0 | $0 |
| 2020 | $1,315 | $63,400 | $0 | $0 |
| 2019 | $1,274 | $60,000 | $12,000 | $48,000 |
| 2018 | $1,296 | $60,000 | $12,000 | $48,000 |
| 2017 | $1,311 | $60,000 | $0 | $0 |
| 2016 | $71 | $70,200 | $0 | $0 |
| 2015 | $71 | $70,200 | $0 | $0 |
| 2014 | $71 | $70,200 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | For Sale | $777,000 | -- | -- |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $30,000 | -- | |
| Deed | $1,279 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $328,000 | New Conventional | |
| Closed | $225,000 | Unknown |
Source: Public Records
Similar Homes in Baltimore, MD
Source: Bright MLS
MLS Number: MDBA2178710
APN: 0378-003
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