1407 W Ostend St Baltimore, MD 21223
Pigtown NeighborhoodEstimated payment $904/month
Highlights
- Federal Architecture
- Property is in excellent condition
- Heating Available
- Combination Kitchen and Living
About This Home
11-Single Family Portfolio: 9 Lead-Free Homes in Baltimore
This 11-unit Baltimore portfolio generates $176,252 annually, with a pro forma of $219,840 at market rents. Year 1 NOI is $131,904, growing to $152,822 by Year 5. Investors benefit from a 9.22% cap rate, rising to 10.69% by Year 5, offering strong cash flow and value-add potential.
The portfolio features 9 out of 11 lead-free, two- and three-bedroom homes with 1–2 bathrooms, hardwood floors, granite countertops, updated cabinetry, and appliances. Select units (1219 Glyndon Ave, 1115 Carroll St) include in-unit washers/dryers, and 1202 Sargeant St has central A/C. Many offer basements for storage or expansion.
Located in ZIP codes 21223, 21230, 21216, and 21218 (serving 128,000+ residents), the properties are near Johns Hopkins University (30,000+ students), University of Maryland, Baltimore (6,900 students, 8,000+ staff), and major employers like Johns Hopkins Hospital (30,000+ employees). Transit options include MARC Train, Metro SubwayLink, and Light RailLink for connectivity across Baltimore and to Washington, D.C.
Addresses Part of Portfolio
1219 Glyndon Ave, Baltimore MD 21223
1238 Sargeant St, Baltimore MD 21223
1321 Glyndon Ave, Baltimore MD 21223
1407 W Ostend St, Baltimore MD 21223
1415 W Ostend St, Baltimore MD 21223
2305 Herkimer St, Baltimore MD 21230
2109 N Longwood St, Baltimore MD 21216
3225 Kenyon Ave, Baltimore MD 21213
442 E Lorraine Ave, Baltimore MD 21218
1115 Carroll St, Baltimore MD 21230
Listing Agent
(410) 498-5408 menachemdalfin@gmail.com Midfield Realty Listed on: 10/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,664
Year Built
- Built in 1898
Lot Details
- Property is in excellent condition
Parking
- On-Street Parking
Home Design
- Federal Architecture
- Brick Exterior Construction
Interior Spaces
- Combination Kitchen and Living
- Basement
Utilities
- Cooling System Utilizes Natural Gas
- Heating Available
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 034
- Assessor Parcel Number 0321040266A034
Map
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 | $2,265 | $112,867 | -- | -- |
| 2024 | $2,265 | $96,433 | $0 | $0 |
| 2023 | $1,879 | $80,000 | $40,000 | $40,000 |
| 2022 | $1,888 | $80,000 | $40,000 | $40,000 |
| 2021 | $2,104 | $89,167 | $0 | $0 |
| 2020 | $2,044 | $86,600 | $40,000 | $46,600 |
| 2019 | $2,006 | $85,400 | $0 | $0 |
| 2018 | $1,987 | $84,200 | $0 | $0 |
| 2017 | $1,959 | $83,000 | $0 | $0 |
| 2016 | $2,808 | $83,000 | $0 | $0 |
| 2015 | $2,808 | $83,000 | $0 | $0 |
| 2014 | $2,808 | $100,900 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/21/2025 10/21/25 | For Sale | $130,000 | +664.7% | $104 / Sq Ft | |
| 10/15/2014 10/15/14 | Sold | $17,000 | +9.7% | $14 / Sq Ft | View Prior Sale |
| 07/25/2014 07/25/14 | Pending | -- | -- | -- | |
| 07/16/2014 07/16/14 | For Sale | $15,500 | -- | $12 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $20,000 | Masters Title & Escrow | |
| Special Warranty Deed | $17,000 | None Available | |
| Trustee Deed | $85,500 | None Available | |
| Deed | $95,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $80,000 | Commercial |
Source: Bright MLS
MLS Number: MDBA2188142
APN: 0266A-034
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