$188,250
SOLD FEB 24, 2025
-- Bed
-- Bath
-- Sq Ft
1,360 Sq Ft Lot

Recently Sold

About This Home

As of February 2025

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

datacorrect@brightmls.com Non Subscribing Office License #0225194075 Listed on: 02/25/2025

Last Buyer's Agent

Cheryl Sadera

(410) 688-1348 cheryl@benfrederick.com Ben Frederick Realty, Inc. License #666796

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,894

Year Built

  • Built in 1900

Lot Details

  • 1,360 Sq Ft Lot
  • Lot Dimensions are 16x85

Home Design

  • Triplex
  • Converted Dwelling
  • Brick Exterior Construction
  • Brick Foundation

Parking

  • 1 Parking Space
  • 1 Off-Street Space

Utilities

  • Ductless Heating Or Cooling System
  • Wall Furnace
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 042
  • Assessor Parcel Number 0312143827 042

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,894

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Inclusions: AS IS
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating Type: Wall Unit
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 16X85
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1360.00
  • Zoning: OR-1*
  • Zoning Description: Mixed-Use set up as office and two dwelling units
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Ground Rent Pymnt Freq: Annually
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3894.00
  • Assessor Parcel Number: 0312143827 042
  • Tax Lot: 042
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2025
Closed on
Feb 24, 2025
Sold by
339 East 25Th Street Llc
Bought by
Gaydardzhiev Angel
Seller's Agent
datacorrect BrightMLS
Non Subscribing Office
Buyer's Agent
Cheryl Sadera
Ben Frederick Realty, Inc.
List Price
$188,250
Sold Price
$188,250
Current Estimated Value
$165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,250
Avg. Annual Appreciation
-14.21%
Original Mortgage
$290,000
Outstanding Balance
$147,490
Interest Rate
6.89%
Mortgage Type
Construction
Estimated Equity
$17,510

Purchase Details

Closed on
Aug 29, 2017
Sold by
Gebrner Linda Ann and Estate Of Myrtle E Justis
Bought by
339 East 25Th Street Llc

Purchase Details

Listed on
Feb 2, 2017
Closed on
May 22, 2017
Sold by
Gardner Adam
Bought by
339 East 25Th Street Llc
Seller's Agent
Adam Shpritz
Ashland Auction Group LLC
Buyer's Agent
Adam Shpritz
Ashland Auction Group LLC
List Price
$75,000
Sold Price
$145,200
Premium/Discount to List
$70,200
93.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.49%

Purchase Details

Closed on
Feb 8, 1999
Sold by
Bilsky Robert
Bought by
Karangu James and Karabgun Kukuab
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 $188,250 Fidelity National Title
Deed $1,500 None Available
Assignment Deed $145,200 None Available
Deed $55,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $290,000 Construction
Source: Public Records

Property History

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 -- --
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 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2157490

Bright MLS

APN: 3827-042