3-unit multifamily investment opportunity in Baltimore's Barclay neighborhood, just five blocks north of Penn Station. Offered at $240,000 ($80,000 per unit), this income-producing property features two two-bedroom apartments and one one-bedroom apartment in a centrally located rental corridor with convenient access to Johns Hopkins University, Station North, I-83, and downtown… Read More Baltimore. Units feature plaster walls and ceilings, a mix of wood and vinyl flooring, and functional layouts. Kitchens include wood cabinetry, with two apartments offering laminate countertops and one with a porcelain sink top. Bathrooms include cast-iron tubs with ceramic tile or vinyl surrounds. The property is heated by a Trane gas-fired furnace with a central 40-gallon gas water heater. The building is separately metered with four electric meters and three gas meters. Currently, the landlord pays public service bills and one electric meter serving an apartment; however, a future owner could modify lease terms to transition electric service to tenants. Located in the revitalizing Barclay neighborhood between Station North and Charles Village, the property benefits from walkable access to Penn Station with MARC and Amtrak service connecting Baltimore to Washington, D.C. and the broader Northeast corridor. Market rent projections supported by comparable units indicate strong income potential, with renovated apartments in the area achieving rents of $1,500+ per month. Read Less
Courtesy of Will A Cannon III, Ben Frederick Realty, Inc. 410-235-9500
Listing Snapshot
Days Online
54
Last Updated
Property Type
Triplex
Square Ft.
2,322
Lot Size
0.03 Acres
Year Built
1890
MLS Number
MDBA2206192
Additional Details
Building
Built in 1890, Living area: 2322, Construction Materials: Brick
Cooling
None
Accessibility Features
None
Foundation
Stone
Heating
Radiator
Income
Net Operating Income: $21,833
Lot
0.03 acres, Dimensions: 15'6" x 80'
Property
Other structures: Above Grade, Below Grade
Roof
Rubber
Sewer
Public Sewer
Taxes
Annual Amount: $2,967, Lot: 026, Year: 2025, Zoning: R-8, Zoning description: Licensed for 3 Dwelling Units
Utilities
Water Source: Public
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
Confirm your time
Fill in your details and we will contact you to confirm a time.