305 W Madison Street

BALTIMORE, MD 21201

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
$400,000

Description

Property overview
the property at 305 w madison st, baltimore, md 21201 is a five-unit multifamily building with a mix of studio and one-bedroom units. some of the units have already been renovated, and the property includes onsite laundry facilities, offering added convenience for tenants and an additional income stream for investors.

value-add potential
the property offers substantial value-add potential for investors, with the opportunity to increase rents by 59%, or approximately $200 per unit. this creates a clear path to significantly enhance cash flow and maximize returns. with a handful of units already renovated investors can implement additional improvements to the remaining units to further boost rental income and overall property value. additionally, the onsite laundry offers further income-generating potential.

location and area benefits

located in the heart of baltimore, the property is close to major institutions such as johns hopkins university and the university of maryland medical center, offering proximity to key employment centers. nearby universities like the university of baltimore and maryland institute college of art (mica) also enhance the area's appeal. the property benefits from easy access to major highways such as i-83 and i-95, and is close to the state center subway station, ensuring excellent transportation options. additionally, being near an opportunity zone provides potential tax incentives for investors.

  • Property Type

    Multi-Family

  • Subdivision

    Mount Vernon

  • County

    BALTIMORE CITY

  • Style

    Unit/Flat

  • AD ID

    47072749

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Property Details

  • Water/Sewer

    • Water Source : Other

    Interior Features

    • Roof : Flat

    Roofing Information

    • Flat

    Heating & Cooling

    • Cooling: Window Unit(s)
    • Heating: Radiator
    • Cooling Fuel: Other
    • Heating Fuel: Other

  • Building Information

    • Year Built: 1952
    • Structure: Other
    • New Construction: No
    • Total Units: 1
    • Built: 1952
    • Construction Material: Other
    • Roof: Flat
    • Architecture: Unit/Flat
    • Pool/Private: No Pool
    • Roof Type: Flat

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Other

    Water

    • Water Heat: Other

  • Lot Information

    • Architectural Style: Unit/Flat

    Property Information

    • SQ ft: 0
    • SQ ft (Living Area): 0
    • Subdivision: MOUNT VERNON
    • Financing: Cash,Conventional,Exchange,Farm Credit Service,FHA,FHVA,FNMA,State GI Loan,USDA,VA,Variable,VHDA
    • New Construction: No
    • Type: Unit/Flat

  • Listing Information

    • Possession: 0-30 Days CD
    • Days Of Market: 44

  • Tax Information

    • Annual Tax: $5,906
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • 0-30 Days CD

    Assessment Information

    • Taxes Assessment Amount: $250,267

  • Parking Information

    • Parking Type: On Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional,Exchange,Farm Credit Service,FHA,FHVA,FNMA,State GI Loan,USDA,VA,Variable,VHDA
    • Roof: Flat

    Homeowners Association Information

    • Direction: Please use GPS

  • School Information

    • School District: BALTIMORE CITY PUBLIC SCHOOLS

    Utility Information

    • Water Source: Other
    • Sewer: Other
    • Cooling Fuel: Other
    • Heating Fuel: Other
    • Hot Water: Other

    Location Information

    • Direction: Please use GPS
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BuyOwner last updated this listing 01/22/2025 @ 08:00

  • MLS: MDBA2141324
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 0 sqft, 0 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of BALTIMORE , in zip code 21201, this BALTIMORE CITY County Other , it is in the MOUNT VERNON Subdivision, and are nearby neighborhoods.