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Seller's Agent in 2025
datacorrect BrightMLS
Non Subscribing Office
Renovated Property Projected to Achieve a 12.4% Cash-on-Cash Return and 9.84% Cap Rate
Value-Add Opportunity in Barclay, a Centrally Located and Revitalizing Baltimore Neighborhood
Three-Unit End-of-Group Rowhome with Mixed Residential and Commercial Potential
Close Proximity to Johns Hopkins University, Charles Village and Thriving 25th Street “Black Wall Street”
Current Unit Interiors:
This end-of-group row home features three units: a two-bedroom apartment, a one-bedroom apartment, and an office with lower-level storage space. The apartments include laminate countertops, wood cabinets, and 20” gas ranges. Apartment bathrooms feature modern vanities and steel tubs with vinyl enclosures, while the office includes a half bathroom. Interiors combine a mix of plaster and wood paneling in the apartments, with drywall walls and ceilings in the office. Flooring in the apartments is a mix of laminate and carpeting, while the office is finished entirely with laminate flooring. A USE Permit is in place for 2 Dwelling Units; any kind of office or medical use is also permitted under the OR-1 zoning.
Utility Specifics:
The first-floor office and second-floor apartment are heated by mini-split systems, while the third-floor apartment currently has no heating system installed. A central Rheem 40-gallon gas-fired water heater serves all units. Electric service includes one meter with a double stack for potential expansion, and gas service is provided by a single meter. Observable plumbing consists of durable copper and C-PVC supply lines, along with PVC drain lines.
What’s Great About Barclay:
Located just outside Charles Village, the Barclay neighborhood presents an excellent value-add opportunity for investors. Positioned in the heart of Baltimore City, Barclay sits between Penn Station and Johns Hopkins University, offering unmatched convenience for renters. The 2020 Census data highlights the strong tenant profile in the area, with a median age of 35 years, over 50% of residents holding Bachelor’s degrees or higher, and a median household income of $60,000. These demographics reflect a highly educated and stable renter base.
With 60% of residents renting, there is consistent demand for well-maintained housing in this vibrant area. Barclay has seen significant revitalization in recent years, with residents working to redevelop housing stock and create beautiful green spaces. The nearby Station North Arts District adds to the neighborhood’s appeal, offering cultural venues, galleries, and unique dining experiences. The 25th Street commercial corridor further enhances tenant convenience, anchored by Safeway grocery store and a mix of small businesses known as “Black Wall Street” within walking distance.
Last Agent to Sell the Property
datacorrect@brightmls.com Non Subscribing Office License #0225194075 Listed on: 02/25/2025
Last Buyer's Agent
(410) 688-1348 cheryl@benfrederick.com Ben Frederick Realty, Inc. License #666796
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $188,250 | Fidelity National Title | |
| Deed | $1,500 | None Available | |
| Assignment Deed | $145,200 | None Available | |
| Deed | $55,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $290,000 | Construction |
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/25/2025 02/25/25 | For Sale | $188,250 | 0.0% | -- | |
| 02/24/2025 02/24/25 | Sold | $188,250 | +29.6% | -- | |
| 02/01/2025 02/01/25 | Pending | -- | -- | -- | |
| 05/22/2017 05/22/17 | Sold | $145,200 | +93.6% | -- | View Prior Sale |
| 05/09/2017 05/09/17 | Pending | -- | -- | -- | |
| 05/04/2017 05/04/17 | For Sale | $75,000 | 0.0% | -- | |
| 03/30/2017 03/30/17 | Pending | -- | -- | -- | |
| 02/03/2017 02/03/17 | Price Changed | $75,000 | +900.0% | -- | |
| 02/02/2017 02/02/17 | For Sale | $7,500 | -83.0% | -- | |
| 01/31/2015 01/31/15 | Sold | $44,000 | -11.8% | -- | View Prior Sale |
| 11/08/2014 11/08/14 | Pending | -- | -- | -- | |
| 10/14/2014 10/14/14 | For Sale | $49,900 | -- | -- |
| 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 | $3,875 | $165,000 | $40,000 | $125,000 |
| 2024 | $3,875 | $165,000 | $40,000 | $125,000 |
| 2023 | $3,875 | $165,000 | $40,000 | $125,000 |
| 2022 | $3,894 | $165,000 | $40,000 | $125,000 |
| 2021 | $3,776 | $160,000 | $0 | $0 |
| 2020 | $3,658 | $155,000 | $0 | $0 |
| 2019 | $3,523 | $150,000 | $35,000 | $115,000 |
| 2018 | $3,540 | $150,000 | $35,000 | $115,000 |
| 2017 | $3,540 | $150,000 | $0 | $0 |
| 2016 | $2,132 | $150,000 | $0 | $0 |
| 2015 | $2,132 | $130,000 | $0 | $0 |
| 2014 | $2,132 | $110,000 | $0 | $0 |
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Seller's Agent in 2025
datacorrect BrightMLS
Non Subscribing Office
Buyer's Agent in 2025
Cheryl Sadera
Ben Frederick Realty, Inc.
(410) 688-1348
1 in this area
80 Total Sales
Seller's Agent in 2017
Adam Shpritz
Ashland Auction Group LLC
(410) 365-3595
14 in this area
3,869 Total Sales
Seller Co-Listing Agent in 2017
Lee Shpritz
Ashland Auction Group LLC
(410) 488-3124
14 in this area
3,767 Total Sales
Seller's Agent in 2015
Gina Gargeu
Century 21 Downtown
(410) 929-1271
2 in this area
724 Total Sales
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Buyer's Agent in 2015
Robert Amos
RE/MAX
Source: Bright MLS
MLS Number: MDBA2157490
APN: 3827-042