Great Investment Opportunity! This two-apartment brownstone boasts two distinct living spaces. The lower unit features a one-bedroom, one-bathroom layout, while the upper unit offers enhanced accommodations with three bedrooms and 1.5 full bathrooms. Both units are currently tenant occupied, ensuring immediate cash flow and eliminating the hassle of securing tenants. With a robust Capitalization Rate of 8.3%, this property offers investors exceptional income-generating potential. A significant advantage of this property is the tenant responsibility for all utilities. This arrangement alleviates the burden on the owner, resulting in lower operational costs and increased net income. Sold in as-is condition.
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1920
Listing Office:
Office Name: CENTURY 21 New Millennium
Office Phone: (703) 818-0111
Listing Agent: Timothy L Washlack
Exterior Features
Exterior Information:
Exterior: Fire Escape
Parking Information:
Parking: On Street
Utilities
Utilities Information:
Heating: Other, Radiant
Cooling: Other
School Info
Assigned Schools Information:
Renaissance Academy, Public District Grades 9-12
Augusta Fells Savage Institute of Visual Arts, Public District Grades 9-12
Baltimore School for the Arts, Public District Grades 9-12
Stadium School, Public District Grades 6-8
The Crossroads School, Public Charter Grades 6-8
Afya Public Charter School, Public Charter Grades 6-8
Eutaw-Marshburn Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: Martin Luther King Jr Blvd to Left of Pennsylvania Ave, Right on McMechen, Right On Druid Hill Ave to home on 1501 on the left.
Municipality:
Baltimore City
Price Information
Listing Price Info
Price Summary:
List Price: $239,000
Tax Information:
Annual Amount: $1,416
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Baltimore, MD.
This property is $19K more than the Median Sold Price in Baltimore, MD.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #MDBA2113634
Listing Office:
Office Name: CENTURY 21 New Millennium
Office Phone: (703) 818-0111
Listing Agent: Timothy L Washlack
Information Deemed Reliable But Not Guaranteed. 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 in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and 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 this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
Eutaw-Marshburn Elementary School
1624 Eutaw Pl
Distance between this listing and this school0.14 miles
Public District Grades PK-5
Middle School
2
/10
Stadium School
1300 Gorsuch Ave
Distance between this listing and this school2.21 miles
Public District Grades 6-8
3
/10
The Crossroads School
802 S Caroline St
Distance between this listing and this school2.36 miles
Public Charter Grades 6-8
4
/10
Afya Public Charter School
2800 Brendan Ave
Distance between this listing and this school3.41 miles
Public Charter Grades 6-8
High School
1
/10
Renaissance Academy
1301 Mcculloh St
Distance between this listing and this school0.16 miles
Public District Grades 9-12
1
/10
Augusta Fells Savage Institute of Visual Arts
1500 Harlem Ave
Distance between this listing and this school0.73 miles
Public District Grades 9-12
7
/10
Baltimore School for the Arts
712 Cathedral St
Distance between this listing and this school0.81 miles
Public District Grades 9-12
Assigned Schools
2
/10
Eutaw-Marshburn Elementary School
1624 Eutaw Pl
Distance between this listing and this school0.14 miles
Public District Grades PK-5
Nearby Schools
2
/10
Furman Templeton Preparatory Academy
1200 Pennsylvania Ave
Distance between this listing and this school0.30 miles
Public Charter Grades PK-5
3
/10
The Historic Samuel Coleridge-Taylor Elementary School
507 W Preston St
Distance between this listing and this school0.43 miles
Public District Grades PK-5
Assigned Schools
2
/10
Stadium School
1300 Gorsuch Ave
Distance between this listing and this school2.21 miles
Public District Grades 6-8
3
/10
The Crossroads School
802 S Caroline St
Distance between this listing and this school2.36 miles
Public Charter Grades 6-8
4
/10
Afya Public Charter School
2800 Brendan Ave
Distance between this listing and this school3.41 miles
Public Charter Grades 6-8
Assigned Schools
1
/10
Renaissance Academy
1301 Mcculloh St
Distance between this listing and this school0.16 miles
Public District Grades 9-12
1
/10
Augusta Fells Savage Institute of Visual Arts
1500 Harlem Ave
Distance between this listing and this school0.73 miles
Public District Grades 9-12
7
/10
Baltimore School for the Arts
712 Cathedral St
Distance between this listing and this school0.81 miles
The neighbors living near this home have an average income of $14,097. The most common annual income of people living in Baltimore, MD is less than $35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.
This home is located at 1501 Druid Hill Ave in Baltimore, MD and zip code 21217 in the Central neighborhood. This home was built in 1920. It has been listed on Rocket Homes since February 15, 2024 and is currently priced at $239,000.
Baltimore, MD housing market in March 2024 saw over 211 listings sold above listed price, more than 125 sold at listed price and over 181 sold below. Between February 2024 and March 2024, Baltimore, MD real estate market has seen increase in the number of listings by 3.9%. Listings spent 36 days on the market in March 2024, and had a median list price of $219,999 during the same period.
From Rocket Homes Real Estate and based on county public records data.