Shep Shepard
Fairfax Realty Premier
(240) 523-2148
72 Total Sales
1 in Middle East
$220,000 Price
SELLER FINANCING MAY BE AVAILABLE. Investment Opportunity in a Prime East Baltimore Rental Corridor!
Expand your investment portfolio with this cash-flow opportunity located just minutes from Johns Hopkins Hospital, Northeast Market, and Patterson Park. For investors looking to scale, the neighboring investment property at 2316 E Madison St (MLS# MDBA2220718) is also available—purchase one or both to create a strong Baltimore rental portfolio.
2221 Jefferson St underwent a comprehensive renovation in 2011, including all new roofing, framing, drywall, hardwood flooring, electrical, plumbing, kitchen, bathrooms, and other major systems. Today, the property primarily needs a deep cleaning, fresh paint, and minor cosmetic repairs to be rent-ready or move-in ready.
Investors may also explore additional value-add opportunities, including the potential for a future rear parking pad (buyer to verify feasibility and approvals). A more extensive renovation strategy could push the after-repair value to $250,000+.
The surrounding neighborhood continues to experience steady revitalization, with numerous renovated homes and ongoing investment throughout the area. Projected long-term rental income exceeds $1,700/month (based on comparable MLS and Zillow rental data), while furnished mid-term rentals (90-day minimum) are projected at $2,000+/month based on Furnished Finder market data.
Whether you're looking for your next rental property, a value-add project, or an affordable opportunity to own near some of Baltimore’s largest employment centers, this property offers tremendous upside.
Property is being sold strictly AS-IS. Cash, private money, or renovation financing only. The property is not expected to meet FHA appraisal and financing requirements. All systems are currently operational and functioning as intended.
Last Agent to Sell the Property
(888) 860-7369 md.broker@exprealty.net EXP Realty, LLC Brokerage Phone: 8888607369 License #649742 Listed on: 06/23/2026
Last Buyer's Agent
(443) 320-1344 handymans2011@gmail.com Allfirst Realty, Inc. License #678044
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Shep Shepard
Fairfax Realty Premier
(240) 523-2148
72 Total Sales
1 in Middle East
$220,000 Price
Mark Novak
Cummings & Co. Realtors
(443) 313-8872
206 Total Sales
1 in Middle East
$325,000 Price
Peter Klebenow
RE/MAX Advantage Realty
(667) 239-8685
230 Total Sales
4 in Middle East
$37K - $329K Price Range
Paul Marston
Long & Foster Real Estate, Inc.
(844) 599-9747
180 Total Sales
1 in Middle East
$67,423 Price
Charlotte Eyring
Compass
(667) 401-8113
95 Total Sales
1 in Middle East
$180,000 Price
Mark Brown JR.
Real Estate Professionals, Inc.
(667) 239-9635
25 Total Sales
1 in Middle East
$120,000 Price
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Deed | $18,778 | -- | |
| Deed | $208,000 | -- |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/03/2026 08/03/26 | Sold | $95,000 | -5.0% | $71 / Sq Ft |
| 07/14/2026 07/14/26 | Pending | -- | -- | -- |
| 07/09/2026 07/09/26 | Price Changed | $100,000 | -20.0% | $75 / Sq Ft |
| 06/23/2026 06/23/26 | For Sale | $125,000 | -- | $93 / Sq Ft |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,110 | $132,400 | $40,000 | $92,400 |
| 2024 | $2,977 | $126,733 | ||
| 2023 | $2,844 | $121,067 | $0 | $0 |
| 2022 | $2,723 | $115,400 | $40,000 | $75,400 |
| 2021 | $2,646 | $112,100 | $0 | $0 |
| 2020 | $2,568 | $108,800 | $0 | $0 |
| 2019 | $2,478 | $105,500 | $40,000 | $65,500 |
| 2018 | $2,411 | $102,167 | $0 | $0 |
| 2017 | $2,332 | $98,833 | $0 | $0 |
| 2016 | -- | $95,500 | $0 | $0 |
| 2015 | -- | $80,933 | $0 | $0 |
| 2014 | -- | $66,367 | $0 | $0 |
Seller's Agent in 2026
Thomas Altvater
EXP Realty, LLC
(443) 510-3691
2 in this area
29 Total Sales
Buyer's Agent in 2026
Vita Zonis
Allfirst Realty, Inc.
(301) 247-5137
1 in this area
8 Total Sales
Source: Bright MLS
MLS Number: MDBA2220578
APN: 1670-022
Ask me questions while you tour the home.