$255,000

Estimated payment $1,702/month

Total Views 10,328
-- Bed
-- Bath
1,694 Sq Ft
$151 Price per Sq Ft

About This Home

Back on the market due to no fault of the seller. Income-Generating Duplex Near Morgan State University & Loyola University Maryland
Welcome to 406 E Coldspring Ln, a fantastic multifamily duplex in a prime Baltimore location, just minutes from Morgan State University and Loyola University Maryland. Whether you're an investor looking to add to your portfolio or a homeowner seeking the perfect opportunity to live in one unit and rent out the other, this property offers incredible potential.
The duplex features two spacious units, each with its own separate entrance, living areas, and kitchens, providing both privacy and comfort for tenants or owner-occupants. Both units are currently vacant and ready for a new tenant or could be a great place to live while renting out the upper unit for steady income.
Situated in a highly sought-after area, this property is convenient to local universities, public transit, shops, and restaurants, making it an appealing option for renters. Don't miss out on this great investment opportunity or chance to offset your mortgage by renting one unit.
Schedule a showing today and explore all the possibilities this duplex has to offer!

Listing Agent

James Mosby

Long & Foster Real Estate, Inc. License #643107 Listed on: 04/09/2025

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,790

Year Built

  • Built in 1920

Lot Details

  • 4,356 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation

Parking

  • On-Street Parking
  • Off-Street Parking
  • Surface Parking

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Finished Basement

Listing and Financial Details

  • Tax Lot 004
  • Assessor Parcel Number 0327615053A004

Community Details

Overview

  • 2 Units
  • Kernewood Subdivision

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,790

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: Back on the market due to no fault of the seller. Income-Generating Duplex Near Morgan State University & Loyola University Maryland Welcome to 406 E Coldspring Ln, a fantastic multifamily duplex in a prime Baltimore location, just minutes from Morgan State University and Loyola University Maryland. Whether you're an investor looking to add to your portfolio or a homeowner seeking the perfect opportunity to live in one unit and rent out the other, this property offers incredible potential. The duplex features two spacious units, each with its own separate entrance, living areas, and kitchens, providing both privacy and comfort for tenants or owner-occupants. Both units are currently vacant and ready for a new tenant or could be a great place to live while renting out the upper unit for steady income. Situated in a highly sought-after area, this property is convenient to local universities, public transit, shops, and restaurants, making it an appealing option for renters. Don't miss out on this great investment opportunity or chance to offset your mortgage by renting one unit. Schedule a showing today and explore all the possibilities this duplex has to offer!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 2508
  • Living Area Sq Ft: 1694
  • Price Per Sq Ft: 150.53
  • Above Grade Finished Sq Ft: 1694
  • Below Grade Sq Ft: 814
  • Total Below Grade Sq Ft: 814
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 406

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
  • Parking Features: Surface
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: BALTIMORE CITY PUBLIC SCHOOLS
  • High School: CALL SCHOOL BOARD
  • School District Key: 121137830454
  • School District Source: Listing Agent
  • High School: CALL SCHOOL BOARD

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Zoning: R-6
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3790.00
  • Assessor Parcel Number: 0327615053A004
  • Tax Lot: 004
  • Tax Total Finished Sq Ft: 1694
  • Tax Year: 2024

Multi Family

  • Number Of Units Vacant: 2
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,772 $169,400 -- --
2024 $3,772 $160,600 $60,000 $100,600
2023 $3,697 $156,667 $0 $0
2022 $3,605 $152,733 $0 $0
2021 $3,512 $148,800 $60,000 $88,800
2020 $3,512 $148,800 $60,000 $88,800
2019 $3,495 $148,800 $60,000 $88,800
2018 $3,566 $151,100 $60,000 $91,100
2017 $3,566 $151,100 $0 $0
2016 $4,309 $151,100 $0 $0
2015 $4,309 $181,200 $0 $0
2014 $4,309 $181,200 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2025 08/10/25 Price Changed $255,000 -3.4% $151 / Sq Ft
07/02/2025 07/02/25 Price Changed $264,000 -2.2% $156 / Sq Ft
06/16/2025 06/16/25 Price Changed $269,900 -3.6% $159 / Sq Ft
06/05/2025 06/05/25 Price Changed $279,900 -1.8% $165 / Sq Ft
05/01/2025 05/01/25 Price Changed $285,000 +9.7% $168 / Sq Ft
04/09/2025 04/09/25 For Sale $259,900 +73.3% $153 / Sq Ft
01/09/2025 01/09/25 Sold $150,000 0.0% $89 / Sq Ft
01/09/2025 01/09/25 Sold $150,000 -6.2% $89 / Sq Ft
11/27/2024 11/27/24 Pending -- -- --
11/27/2024 11/27/24 Pending -- -- --
10/23/2024 10/23/24 Price Changed $159,900 0.0% $94 / Sq Ft
10/23/2024 10/23/24 Price Changed $159,900 -8.1% $94 / Sq Ft
09/26/2024 09/26/24 Price Changed $173,900 0.0% $103 / Sq Ft
09/26/2024 09/26/24 Price Changed $173,900 -6.0% $103 / Sq Ft
09/13/2024 09/13/24 For Sale $185,000 0.0% $109 / Sq Ft
09/13/2024 09/13/24 For Sale $185,000 0.0% $109 / Sq Ft
07/25/2024 07/25/24 Pending -- -- --
07/25/2024 07/25/24 Pending -- -- --
06/22/2024 06/22/24 For Sale $185,000 0.0% $109 / Sq Ft
06/22/2024 06/22/24 For Sale $185,000 -- $109 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $150,000 Old Republic National Title In
Deed $150,000 Old Republic National Title In
Deed $65,000 Eagle Premier Ttl Group Llc
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $127,135 Construction
Source: Public Records

Similar Homes in the area

  • 2206 Bryant Ave, Baltimore, MD 21217

    $299,999

    • Studio
    • 2,289 Sq Ft
    • 2206 Bryant Ave
    • Baltimore, MD

    BACK ON THE MARKET - NO FAULT OF SELLER; BUYER DID NOT PERFORM! Schedule a tour today for this 3-unit property!! Exceptional Properties. Exceptional Clients. Attention investors and house hackers! This renovated three-unit multifamily property is a fantastic opportunity to acquire an income-generating asset in Baltimore's Druid Hill Park neighborhood. Located just blocks from the thriving

    Theresa Kemp AB & Co Realtors, Inc.

    Section Image
  • 2413 Reisterstown Rd, Baltimore, MD 21217

    $309,900

    • Studio
    • 3,535 Sq Ft
    • 2413 Reisterstown Rd
    • Baltimore, MD

    Fantastic Income-Producing Triplex with Bonus Commercial Space--------Welcome to this exceptional investment opportunity—a spacious, income-generating triplex offering strong cash flow and future upside potential.>>This property features three residential units. Live in one unit and rent out the other two—let your tenants help pay your mortgage while you build

    Lionel Momeni Ngaleu Samson Properties

    Section Image
  • 3812 Gwynn Oak Ave, Gwynn Oak, MD 21207

    $295,000

    • Studio
    • 2,446 Sq Ft
    • 3812 Gwynn Oak Ave
    • Gwynn Oak, MD

    Welcome to 3812 Gwynn Oak Ave!!!!!Do you want a home with two separate living quarters and a basement that can be made into a third? If this option suit your needs, then this house is an ideal investment. Located on a tree-lined street, this duplex residence, which has been family-owned (never rented) for the last 30-plus years, is yours for the taking at a price that cannot be beaten. The

    Mervyn Warner Iron Valley Real Estate Charm City

    Section Image
  • 3413 Milford Ave, Gwynn Oak, MD 21207

    $275,000

    • Studio
    • 1,680 Sq Ft
    • 3413 Milford Ave
    • Gwynn Oak, MD

    Great investment opportunity! This duplex is fully tenant-occupied, offering a reliable source of rental income. Each unit features 2 bedrooms/ 2 bathrooms, separate entrances, and individual utilities, providing comfort and privacy for tenants. The property is well-maintained and situated in a desirable location. Current tenants are on a month-to-month lease with a total annual rental income of

    Tom Nwachukwu Century 21 Downtown

    Section Image
  • 4103 Wilkens Ave, Baltimore, MD 21229

    $279,900

    • Studio
    • 1,416 Sq Ft
    • 4103 Wilkens Ave
    • Baltimore, MD

    Listed as Multi-Family, Commercial (BL, RO), and Residential. 80 foot driveway leads to 75'x50' parking lot in the rear. 2 utility meters, 2nd floor is registered through MDE with Certificate. Separate HVAC systems. First floor 2bed/2bath, Second Floor 2bed/1bath

    Jeff Choyce Hyatt & Company Real Estate, LLC

    Section Image
  • 510 E 41st St, Baltimore, MD 21218

    $195,000

    • Studio
    • 1,933 Sq Ft
    • 510 E 41st St
    • Baltimore, MD

    3 unit multi-family property located in the Pen Lucy neighborhood. All units are currently vacant.Apartment 1 is a 2BR/1BA that was previously rented for $1200/month. Apartment 2 is a 1BR/1BA that was previously rented for $750/month. Apartment 3 is a 1BR/1BA that was previously rented for $950/month. Total rental income was $2900/month when fully occupied. Landlord had been paying

    Stephen Pipich VYBE Realty

    Section Image
  • 3748 Old York Rd, Baltimore, MD 21218

    $199,990

    • Studio
    • 1,848 Sq Ft
    • 3748 Old York Rd
    • Baltimore, MD

    INVESTOR ALERT – TRIPLEX IN BALTIMORE CITY! This as-is multi-family property is a true fix-and-flip or buy-and-hold opportunity with huge income potential! Property needs full rehab – perfect for experienced investors looking to add value. Bring your vision, tools, and contractor – turn this into a cash-flow machine! Priced to move – don’t miss this diamond in the rough! Check disclaimer for

    Rasheed Awokoya Samson Properties

    Section Image
  • 817 Homestead St, Baltimore, MD 21218

    $300,000

    • Studio
    • 3,100 Sq Ft
    • 817 Homestead St
    • Baltimore, MD

    SHOWINGS THURSDAYS @12PMLocation. Location. LOCATION! Nestled in the heart of East Baltimore, this property sits just minutes from Johns Hopkins Homewood Campus. Clean on quiet street in Better Waverly.—making it a prime pick for savvy investors, students, or medical professionals alike. Whether you're looking to add to your rental portfolio or renovate and flip, 817 Homestead offers

    Mark Quinichett Samson Properties

    Section Image
  • 1126 Gleneagle Rd, Baltimore, MD 21239

    $279,900

    • Studio
    • 1,752 Sq Ft
    • 1126 Gleneagle Rd
    • Baltimore, MD

    IMMEDIATE CASH FLOWING OPPORTUNITY! Here’s your chance to own this Impressive duplex that offers an immediate income stream! This well-maintained and recently updated two-unit property is perfect for investors or owner-occupants looking for rental income. Both units are currently leased which makes for a great investment with immediate cash flow. This property features: Two separate units, each

    NaTasha Morgan-Lipscomb Redfin Corp

    Section Image

Source: Bright MLS

MLS Number: MDBA2163362

Bright MLS

APN: 5053A-004