$158,000
SOLD DEC 9, 2025
4 Beds
3 Baths
1,300 Sq Ft
980 Sq Ft Lot

Recently Sold

$122 Per Sq Ft

4% Below List Price

125 Days on Market

Highlights

  • City View
  • Federal Architecture
  • Bonus Room
  • Open Floorplan
  • Space For Rooms
  • Corner Lot

About This Home

As of December 2025

Incredible investment opportunity! Turnkey, occupied subsidized rental with 14+ YEAR TENANCY and strong flip potential – this booming corridor supports post-renovation values of $345K! Currently leased through the Section 8 program for a whopping $1,836 per month, this well-maintained end-unit is an investor’s dream. 2421 E Madison St boasts three finished levels, exposed brick, LVP flooring, recessed lighting, and modern kitchen updates including cabinetry, countertops, and appliances. Bathrooms have been tastefully remodeled, and the finished basement features a sleek cut-out stair design that adds architectural interest. With a written lease, LEAD FREE lead certificate, and rental license in hand along with being in compliance with Section 8 inspections, this is a true plug-and-play rental. It’s also located just .5 miles from renowned Johns Hopkins Hospital and Baltimore’s beloved Patterson Park, complete with walking paths, tennis courts, ballfields, a skating rink, lake, swimming pool, and year-round events! Don’t miss your chance to add this outstanding property to your rental portfolio today! Interested in a potential future flip? This home could achieve a sales price of $345K! See 2315 Ashland Ave – just 2.5 blocks from 2421 E Madison St, similar size, also 4 bedrooms, with a finished basement and sold for $345K on 2/10/2025. See 2220 E Madison St, just 3.5 blocks from 2421 E Madison St, similar size and sold for $341,960 on 12/27/2024. This one won’t last long!

Last Agent to Sell the Property

Jamie Koehler

(443) 604-5875 jamie.koehler@cummingsrealtors.com Cummings & Co. Realtors Listed on: 06/14/2025

Cummings & Co. Realtors

Last Buyer's Agent

Alfonzo Bell

abell@bellblockgroup.com Bell Block Group License #5018459

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $960

Year Built

  • Built in 1920 | Remodeled in 2010

Lot Details

  • 980 Sq Ft Lot
  • North Facing Home
  • Masonry wall
  • Back Yard Fenced
  • Ground Rent of $120 semi-annually
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Federal Architecture

Interior Spaces

  • 1,300 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Brick Wall or Ceiling
  • High Ceiling
  • Recessed Lighting
  • Six Panel Doors
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Bonus Room
  • City Views
  • Security Gate

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Stove
  • Upgraded Countertops

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Connecting Stairway
  • Interior and Exterior Basement Entry
  • Space For Rooms
  • Laundry in Basement
  • Basement Windows

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 041
  • Assessor Parcel Number 0307011624 041

Community Details

Overview

  • No Home Owners Association
  • Mcelderry Park Subdivision

Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$960

Year Built

Built in 1920 | Remodeled in 2010

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Federal
  • Ownership: Ground Rent
  • Inclusions: refrigerator, stove, washer, dryer
  • New Construction: No
  • Story List: Lower 1, Upper 1
  • Year Built: 1920
  • Year Renovated: 2010
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dryer, Oven - Single, Oven/Range - Gas, Refrigerator, Stove, Washer, Water Heater
  • Flooring Type: Luxury Vinyl Plank, Carpet
  • Interior Amenities: Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Carpet, Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Table Space, Recessed Lighting, Upgraded Countertops
  • Door Features: Six Panel, Storm
  • Wall Ceiling Types: Brick, Dry Wall, High
  • Foundation Details: Other
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry, Bathroom 1, Bathroom 2, Bonus Room, Half Bath
  • Basement: Yes
  • Basement Type: Connecting Stairway, Daylight, Partial, Fully Finished, Heated, Improved, Interior Access, Space For Rooms, Windows, Walkout Stairs, Outside Entrance
  • Laundry Type: Basement, Dryer In Unit, Has Laundry, Lower Floor, Washer In Unit
  • Total Sq Ft: 1300
  • Living Area Sq Ft: 1300
  • Price Per Sq Ft: 126.92
  • Above Grade Finished Sq Ft: 1300
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Concrete
  • Exterior Features: Exterior Lighting, Gutter System, Sidewalks, Street Lights
  • View: City, Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Carbon Monoxide Detector(s), Main Entrance Lock, Smoke Detector, Security Gate
  • 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 Source: Listing Agent

Lot Info

  • Fencing: Partially, Rear, Masonry/Stone
  • Lot Features: Corner
  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 980.00
  • Outdoor Living Structures: Patio(s), Enclosed
  • Property Condition: Excellent
  • Zoning: R-8
  • In City Limits: Yes

Rental Info

  • Ground Rent Amt: 120.00
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Semi-Annually
  • Total Actual Rent: 22032.00
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 960.00
  • Assessor Parcel Number: 0307011624 041
  • Tax Lot: 041
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2025
Closed on
Dec 12, 2025
Sold by
Reid Timothy A
Bought by
Ln Vaught Real Estate Logistics Llc
Seller's Agent
Jamie Koehler
Cummings & Co. Realtors
Buyer's Agent
Alfonzo Bell
Bell Block Group
List Price
$165,000
Sold Price
$158,000
Premium/Discount to List
-$7,000
-4.24%
Views
83

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
75.61%
Original Mortgage
$159,300
Outstanding Balance
$159,300
Interest Rate
6.24%
Mortgage Type
Construction
Estimated Equity
$10,700

Purchase Details

Listed on
Jun 14, 2025
Closed on
Dec 4, 2025
Sold by
Fairfield Llc
Bought by
Ln Vaught Real Estate Logistics Llc
Seller's Agent
Jamie Koehler
Cummings & Co. Realtors
Buyer's Agent
Alfonzo Bell
Bell Block Group
List Price
$165,000
Sold Price
$158,000
Premium/Discount to List
-$7,000
-4.24%
Views
83

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,300
Outstanding Balance
$159,300
Interest Rate
6.24%
Mortgage Type
Construction
Estimated Equity
$10,700

Purchase Details

Closed on
Nov 18, 2010
Sold by
Dominion Financial Services L
Bought by
Reid Timothy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 2010
Sold by
Tillman Milton
Bought by
Dominion Financial Services Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 7, 2000
Sold by
Aames Capital Corporation
Bought by
Deloache Michael K

Purchase Details

Closed on
May 25, 1999
Sold by
Taylor G Steve
Bought by
Aames Capital Corporation

Purchase Details

Closed on
Sep 10, 1997
Sold by
Kirson Benjamin L
Bought by
Taylor G Steve
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $158,000 Legacy Settlement Services
Deed $1,000 Legacy Settlement Services
Deed $25,000 --
Deed $10,000 --
Deed $1,250 --
Deed $18,116 --
Deed $36,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $159,300 Construction
Previous Owner $90,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2025 12/09/25 Sold $158,000 -4.2% $122 / Sq Ft
10/17/2025 10/17/25 Pending -- -- --
09/12/2025 09/12/25 For Sale $165,000 0.0% $127 / Sq Ft
08/08/2025 08/08/25 Pending -- -- --
07/22/2025 07/22/25 For Sale $165,000 0.0% $127 / Sq Ft
06/24/2025 06/24/25 Pending -- -- --
06/14/2025 06/14/25 For Sale $165,000 -- $127 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $955 $44,000 $9,000 $35,000
2024 $955 $40,667 -- --
2023 $877 $37,333 $0 $0
2022 $802 $34,000 $7,000 $27,000
2021 $732 $31,000 $0 $0
2020 $661 $28,000 $0 $0
2019 $587 $25,000 $5,000 $20,000
2018 $590 $25,000 $5,000 $20,000
2017 $590 $25,000 $0 $0
2016 $592 $25,000 $0 $0
2015 $592 $25,000 $0 $0
2014 $592 $25,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2170622

Bright MLS

APN: 1624-041