Seller's Agent in 2025
Daniel Cohen
EXP Realty, LLC
(410) 598-4372
3 in this area
197 Total Sales
4506 Furley Ave Baltimore, MD 21206
Frankford Neighborhood
--
Bed
--
Bath
2,280
Sq Ft
0.38
Acres
Highlights
- 0.38 Acre Lot
- Backs to Trees or Woods
- No HOA
- Traditional Architecture
- Wood Flooring
- Forced Air Heating and Cooling System
About This Home
As of September 2025This turn-key 2-unit property was renovated in 2017, including upgrades to heating and cooling systems, electric, bathrooms, and kitchens. Purchase this property to live in one unit and rent the other, or invest for a 12% projected cash-on-cash return.
Apartment One comprises the lower level and the first floor. The kitchen features stainless steel appliances including a 5-burner gas range, dishwasher, and built-in microwave. Wood cabinets, laminate countertops, and ceramic tile floors are easy to maintain and make cleaning a breeze. The lower level has a bonus sunroom, which opens up to the large backyard and a concrete patio. The upper level houses three spacious bedrooms with hardwood floors, and an upgraded full bathroom with a ceramic tile floor and a modern vanity.
Apartment Two is located on the top floor. This apartment’s kitchen features wood cabinets, laminate counters with a ceramic tile backsplash, and a 20? electric range. The bathroom has been upgraded, with ceramic tile flooring and tub enclosure, and a modern vanity. The sun-filled living room and bedroom each have hardwood floors.
Each apartment has its own laundry facilities. Tenants enjoy access to a large, 4-car parking pad.
These apartments are separately metered for gas and electric–these are paid by the tenants. Currently the landlord pays for cold water/sewer. A savvy landlord could increase cash flow by passing this expense through to the tenants.
4506 Furley Ave. has 400-amp electric service, and two electric meters. Observable water supply lines are copper and c-pvc; drain lines are pvc and steel. This building has vinyl replacement windows, and an asphalt shingle roof. Each unit has its own gas-fired furnace and air conditioning, installed in 2017. Each unit also has its own hot water heater, dated 2016.
4506 Furley Ave. is located just 1.5 miles from I-95, offering an easy commute to downtown Baltimore and a quick drive out to the county. Nearby Bel Air Road is home to many restaurants and shops. Residents of Frankford also enjoy access to Lake Montebello and Herring Run Park.
Morgan State University is northeast Baltimore’s preeminent university and Maryland’s largest HBCU, and is located just 2 miles from 4506 Furley Ave.
$265,000
$132,500 Per Unit
$174 Per Sq. Ft.
10.5 Times Actual Rent (GRM)
9.6 Times Market Rent (GRM)
7.63% Cap Rate
12% Projected Cash-on-Cash Return
Last Agent to Sell the Property
(410) 235-5200 tom@benfrederick.com Ben Frederick Realty, Inc. Listed on: 06/13/2021
Last Buyer's Agent
(410) 235-5200 tom@benfrederick.com Ben Frederick Realty, Inc. Listed on: 06/13/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,402
Year Built
- Built in 1958 | Remodeled in 2017
Lot Details
- 0.38 Acre Lot
- Backs to Trees or Woods
- Back Yard
- Property is in excellent condition
Home Design
- Duplex
- Traditional Architecture
- Shingle Roof
- Asphalt Roof
- Masonry
Flooring
- Wood
- Ceramic Tile
Finished Basement
- Basement Fills Entire Space Under The House
- Basement with some natural light
Parking
- 4 Parking Spaces
- 4 Driveway Spaces
- Free Parking
Utilities
- Forced Air Heating and Cooling System
- 200+ Amp Service
- Multi-Tank Natural Gas Water Heater
- Municipal Trash
Listing and Financial Details
- Tax Lot 007
- Assessor Parcel Number 0326435953J007
Community Details
Overview
- No Home Owners Association
- 2 Units
- Frankford Subdivision
Building Details
- Income includes apartment rentals
- Gross Income $27,600
- Net Operating Income $202,100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 13, 2022
Sold by
Goldberg Elliott B
Bought by
Lcg Management Llc
Purchase Details
Listed on
Jun 13, 2021
Closed on
Aug 24, 2021
Sold by
Schreven John W
Bought by
Goldberg Elliott B and Goldberg Rachel Tova
Seller's Agent
Tom Fair
Ben Frederick Realty, Inc.
Buyer's Agent
Tom Fair
Ben Frederick Realty, Inc.
List Price
$265,000
Sold Price
$240,000
Premium/Discount to List
-$25,000
-9.43%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Original Mortgage
$180,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 3, 2017
Closed on
Jul 21, 2017
Sold by
Scopi Llc
Bought by
Schreven John W
Seller's Agent
Tammy Shanahan
EXP Realty, LLC
Buyer's Agent
Tom Fair
Ben Frederick Realty, Inc.
List Price
$159,900
Sold Price
$148,000
Premium/Discount to List
-$11,900
-7.44%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.64%
Original Mortgage
$5,000
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 31, 2016
Sold by
Dillehunt Elaine B
Bought by
Scopi Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
3.48%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | None Listed On Document | |
| Deed | $240,000 | Lakeside Title Company | |
| Deed | $148,000 | None Available | |
| Deed | -- | Commerce Title Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $180,000 | New Conventional | |
| Previous Owner | $5,000 | Purchase Money Mortgage | |
| Previous Owner | $145,319 | FHA | |
| Previous Owner | $98,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2025 09/12/25 | Sold | $285,500 | -1.5% | $143 / Sq Ft |
| 08/07/2025 08/07/25 | Pending | -- | -- | -- |
| 07/29/2025 07/29/25 | For Sale | $289,900 | +20.8% | $145 / Sq Ft |
| 08/10/2021 08/10/21 | Sold | $240,000 | -9.4% | $105 / Sq Ft |
| 06/21/2021 06/21/21 | Pending | -- | -- | -- |
| 06/13/2021 06/13/21 | For Sale | $265,000 | +79.1% | $116 / Sq Ft |
| 07/21/2017 07/21/17 | Sold | $148,000 | -7.4% | $97 / Sq Ft |
| 05/09/2017 05/09/17 | Pending | -- | -- | -- |
| 05/03/2017 05/03/17 | For Sale | $159,900 | -- | $105 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $5,731 | $265,767 | -- | -- |
| 2024 | $5,731 | $244,000 | $30,000 | $214,000 |
| 2023 | $4,968 | $211,533 | $0 | $0 |
| 2022 | $4,226 | $179,067 | $0 | $0 |
| 2021 | $3,460 | $146,600 | $30,000 | $116,600 |
| 2020 | $572 | $144,167 | $0 | $0 |
| 2019 | $512 | $141,733 | $0 | $0 |
| 2018 | $3,014 | $139,300 | $30,000 | $109,300 |
| 2017 | $3,122 | $132,267 | $0 | $0 |
| 2016 | $2,323 | $125,233 | $0 | $0 |
| 2015 | $2,323 | $118,200 | $0 | $0 |
| 2014 | $2,323 | $118,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Cohen
-
JOHNATHAN LUCKENBAUGH
J
Buyer's Agent in 2025
JOHNATHAN LUCKENBAUGH
Infinity Real Estate
(717) 521-7095
1 in this area
46 Total Sales
-
Tom Fair
Seller's Agent in 2021
Tom Fair
Ben Frederick Realty, Inc.
(410) 235-5200
1 in this area
50 Total Sales
-
Tammy Shanahan
Seller's Agent in 2017
Tammy Shanahan
EXP Realty, LLC
(443) 866-4779
6 Total Sales
Map
Source: Bright MLS
MLS Number: MDBA555212
APN: 5953J-007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
Nearby Homes
- 4602 Marx Ave
- 4406 Furley Ave
- 4621 Marx Ave
- 4320 Woodlea Ave
- 4405 Valley View Ave
- 4306 Southern Ave
- 4319 Valley View Ave
- 4215 Raymar Ave
- 4208 Furley Ave
- 4502 Mannasota Ave
- 5006 Anthony Ave
- 4310 Stanwood Ave
- 4300 Stanwood Ave
- 5107 Anthony Ave
- 4210 Parkwood Ave
- 4147 Marx Ave
- 4132 Marx Ave
- 4103 Parkwood Ave
- 4301 Seidel Ave
- 4222 Seidel Ave