Don't miss out on this amazing opportunity with an assumable FHA loan at 3.24% and a monthly payment of $2198! The property consists of three row homes 2615, 2617, & 2619 E Fayette St. The units at 2615 & 2617 E Fayette are combined where 2615 is the entire top floor of both units, and 2617 is the bottom floor of both units. Building 2615 is a 3 Bedroom 2 Bath apartment with full kitchen and living space, currently vacant and ready to rent. Building 2617 was previously used as commercial space, and has 2 adjoining bedrooms/offices, 1 bathroom, a full kitchen, and a large open space. So, there is plenty of opportunity to reconfigure as needed for either commercial or residential use, could possibly be divided into two spaces, it is currently vacant. Building 2619 is a 4 bedroom 2 bathroom row home with a standard configuration, and this unit is rented for $1850/month and the lease is month to month. The roof across all three buildings were done 2 years ago, the furnace in 2619 replaced 2 years ago, the furnace in 2615 is 4 years old, new windows were installed in the basement. The sewer line for 2617 was replaced this year and the lines for 2615 have been updated to PVC within the last few years. There is 1 electric meter for all three units and 1 water bill for all three, 2617 has a separate gas meter but 2615 & 2619 share 1 gas meter. Rents could easily be attained between $1800 - $2000 per unit or more, there is a huge potential for a 9%+ Cap rate. The listing price is less than $200K/building, which is a great value for the area. Zoned C-1, Buyer to verify potential use. Schedule your tour today!
Property Details
Property Features
Property Information:
Architectural Style: Federal
Year Built: 1900
Living Area: 4,746 SqFt
Listing Office:
Office Name: EXIT On The Harbor Realty
Office Phone: (410) 913-0771
Listing Agent: Saul Kloper
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Central Air
School Info
Assigned Schools Information:
Vivien T. Thomas Medical Arts Academy, Public District Grades 9-12
Augusta Fells Savage Institute of Visual Arts, Public District Grades 9-12
Carver Vocational-Technical High School, Public District Grades 9-12
The Crossroads School, Public Charter Grades 6-8
Stadium School, Public District Grades 6-8
Afya Public Charter School, Public Charter Grades 6-8
Mary Ann Winterling Elementary School at Bentalou, Public District Grades PK-5
Other
Directions Information:
Directions: GPS
Municipality:
Baltimore City
Price Information
Listing Price Info
Price Summary:
List Price: $575,000
Price Per SqFt: $121/SqFt
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Housing Market Comparison
See how this home compares to others in Baltimore, MD.
This property is $354.9K more than the Median Sold Price and $39/SqFt less than other homes in Baltimore, MD.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #MDBA2117766
Listing Office:
Office Name: EXIT On The Harbor Realty
Office Phone: (410) 913-0771
Listing Agent: Saul Kloper
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.
We're sorry, we currently don't have sales or tax history data for this listing.
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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
4
/10
Mary Ann Winterling Elementary School at Bentalou
220 N Bentalou St
Distance between this listing and this school0.37 miles
Public District Grades PK-5
Middle School
3
/10
The Crossroads School
802 S Caroline St
Distance between this listing and this school2.77 miles
Public Charter Grades 6-8
2
/10
Stadium School
1300 Gorsuch Ave
Distance between this listing and this school3.57 miles
Public District Grades 6-8
4
/10
Afya Public Charter School
2800 Brendan Ave
Distance between this listing and this school4.70 miles
Public Charter Grades 6-8
High School
2
/10
Vivien T. Thomas Medical Arts Academy
100 N Calhoun St
Distance between this listing and this school0.42 miles
Public District Grades 9-12
1
/10
Augusta Fells Savage Institute of Visual Arts
1500 Harlem Ave
Distance between this listing and this school0.65 miles
Public District Grades 9-12
2
/10
Carver Vocational-Technical High School
2201 Presstman St
Distance between this listing and this school1.08 miles
Public District Grades 9-12
Assigned Schools
4
/10
Mary Ann Winterling Elementary School at Bentalou
220 N Bentalou St
Distance between this listing and this school0.37 miles
Public District Grades PK-5
Nearby Schools
2
/10
Lockerman Bundy Elementary School
301 N Pulaski St
Distance between this listing and this school0.25 miles
Public District Grades PK-5
3
/10
Steuart Hill Academic Academy
30 S Gilmor St
Distance between this listing and this school0.32 miles
Public District Grades PK-5
Assigned Schools
3
/10
The Crossroads School
802 S Caroline St
Distance between this listing and this school2.77 miles
Public Charter Grades 6-8
2
/10
Stadium School
1300 Gorsuch Ave
Distance between this listing and this school3.57 miles
Public District Grades 6-8
4
/10
Afya Public Charter School
2800 Brendan Ave
Distance between this listing and this school4.70 miles
Public Charter Grades 6-8
Assigned Schools
2
/10
Vivien T. Thomas Medical Arts Academy
100 N Calhoun St
Distance between this listing and this school0.42 miles
Public District Grades 9-12
1
/10
Augusta Fells Savage Institute of Visual Arts
1500 Harlem Ave
Distance between this listing and this school0.65 miles
Public District Grades 9-12
2
/10
Carver Vocational-Technical High School
2201 Presstman St
Distance between this listing and this school1.08 miles
The neighbors living near this home have an average income of $31,292. The majority of Baltimore, MD residents have income less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
This home is located at 2615-2617-2619 E Fayette St in Baltimore, MD and zip code 21224 in the Southwest neighborhood. This 4,746 square foot home, which was built in 1900, sits on a 0.07 acre lot. It has been listed on Rocket Homes since April 22, 2024 and is currently priced at $575,000.
Over 257 listings were sold over their listed price in April 2024 in Baltimore, MD. In the same period over 198 listings were sold below the listed price and 143 listings were sold for the listed price. Between March 2024 and April 2024, Baltimore, MD real estate market has seen increase in the number of listings by 8.9%. Listings spent 36 days on the market in April 2024, and had a median list price of $220,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.