Three-unit investment opportunity in Charles Village, located just four blocks from Johns Hopkins University's Homewood Campus and Wyman Park Dell. Offered at $305,000 ($101,667 per unit), the property presents a projected 11.7% cash-on-cash return at market rents based on comparable apartments in similar condition. The building is configured as two… Read More one-bedroom apartments and one studio apartment. The property meets FHA self-sufficiency guidelines, offering an attractive opportunity for an owner-occupant. With as little as 3.5% down, an owner could occupy one unit, rent the remaining units, and achieve an estimated net housing cost of approximately $233/month, including principal, interest, taxes, insurance, and PMI. With 20% down, the estimated net housing cost is approximately $314/month. (Estimates exclude utilities and are based on current projections.) Located along the Maryland Avenue corridor, tenants enjoy walkable access to the Charles Village Shopping District, the Maryland Avenue Cycle Track, and numerous dining and retail options. The neighborhood is supported by strong, institutionally driven rental demand from Johns Hopkins University and surrounding employment centers. For investors seeking additional value, targeted interior upgrades - including kitchens, baths, and flooring - could position units to achieve rents of $1,500+ per month in this proven rental corridor. Read Less
Courtesy of Will A Cannon III, Ben Frederick Realty, Inc. 410-235-9500
Listing Snapshot
Days Online
46
Last Updated
Property Type
Triplex
Square Ft.
2,238
Lot Size
0.03 Acres
Year Built
1920
MLS Number
MDBA2207358
Additional Details
Building
Built in 1920, Living area: 2238, Construction Materials: Brick
Cooling
None
Accessibility Features
None
Foundation
Brick/Mortar
Heating
Radiator
Lot
0.03 acres, Dimensions: 14'2" x 85'
Property
Other structures: Above Grade, Below Grade
Sewer
Public Sewer
Taxes
Annual Amount: $4,052, Lot: 005, Year: 2025, Zoning: R-7, 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.