5 Beds
6 Baths
1,806 SqFt
5 Beds
6 Baths
1,806 SqFt
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,806 sqft
Price per Sqft $249
Subdivision None Available
MLS Listing ID MDBA2221552
Style Traditional
Bedrooms 5
Full Baths 5
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 1,806
Year Built 1920
Annual Tax Amount $1,770
Tax Year 2025
Lot Size 900 Sqft
Acres 0.02
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Fully renovated, stabilized income-producing property configured as five private bedroom suites
with five full baths and one half bath. The property is 100% occupied with newly signed one-year
leases and has a proven operating history serving Johns Hopkins students and healthcare
professionals.
Property Highlights
• Approx. 2,400–2,500+ SF
• 5 Bedrooms / 5 Full Baths / 1 Half Bath
• Dual HVAC systems
• Two laundry rooms
• New plumbing, electrical, HVAC
• Excellent condition
• Fully occupied
Rent Roll
Four rooms at $950/month and one room at $875/month. Gross monthly income: approximately
$4,675. Gross annual income: approximately $56,100.
Operating Summary
Owner-paid utilities are approximately $700/month. Home warranty approximately $75/month. No
HOA. Mortgage approximately $1,800/month (includes escrow; mortgage is not used in NOI
valuation).
Investment Thesis
The property is best marketed as a turnkey, cash-flowing investment rather than a traditional
single-family residence. Fresh leases, multiple income streams, and proximity to Johns Hopkins
distinguish it from many nearby properties.
Valuation Discussion
Residential comparable sales and the income approach should both be considered. The
appropriate asking price should ultimately be supported by verified comparable sales, legal rental
configuration, and documented operating income.
Marketing Strategy
Target investor buyers seeking immediate cash flow, student housing, healthcare-worker housing,
or long-term hold opportunities. Emphasize occupancy, renovation quality, and operational history.
Next Steps
This memorandum is a preliminary package. A final broker-quality offering memorandum should
incorporate current comparable sales, neighborhood maps, charts, verified operating statements,
and professional photography.
Current Rent Roll
Room
Monthly Rent
1-$950
2-$950
3-$950
4-$950
5-$875
Total
$4,67
Location
State MD
County Baltimore City
Zoning OR-1
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 3
Foundation Block
Above Ground Finished SqFt 1806
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Senior Community No
Tax ID 0307061215 020
Ownership Fee Simple
SqFt Source 1806
Special Listing Condition Standard
Nearby Locations
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