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Fran Valerio

fvalerio@soldincentralpa.com +1(717) 602-0551

Listed by Thomas H Fair • Ben Frederick Realty, Inc.

$350,000

Est. payment - /mo

20,000 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 20,000 sqft

Price per Sqft $17

Subdivision Barclay

MLS Listing ID MDBA2221274

Style Converted Dwelling

Abv Grd Liv Area 20,000

Year Built 1900

Annual Tax Amount $3,894

Tax Year 2025

Lot Size 1,290 Sqft

Acres 0.03

Lot Dimensions 15' 86'

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

2405 Barclay Street offers a unique opportunity for an owner-occupant seeking to build long-term wealth through real estate. By living in one apartment and renting the remaining two, a purchaser can offset a significant portion of the monthly housing expense while benefiting from rental income, principal reduction, and future appreciation.

With three one-bedroom apartments, individual utilities, and below-market rents that offer future upside, the property provides both immediate housing and the opportunity to grow cash flow over time as apartments turn over.

Example Owner-Occupant Financing Scenario*
●3.5% Down Payment
●Purchase Price: $369,000
●Loan Amount: $356,085
●Interest Rate: 6.00%
●30-Year Fixed Mortgage
●Estimated Monthly PITI + Mortgage Insurance: $3,064
●Rental Income from Two Apartments: $2,600/month
●Estimated Monthly Housing Cost for Owner: Approximately $464/month
*Illustrative financing example only. Financing programs, down payment requirements, occupancy requirements, and loan approval vary by lender.

For investors, at $116,667 per unit, 2405 Barclay Street offers a lower-cost opportunity to acquire a three-unit apartment building in one of central Baltimore's most renter-supported neighborhoods. Recent census data indicates that 58% of neighborhood households rent their homes, while the surrounding housing stock remains predominantly single-family, helping support continued demand for apartment housing.

Current rents remain below market, creating an opportunity to increase income as apartments turn over. For an investor utilizing conventional financing with a 20% down payment, the property produces a projected 8.75% capitalization rate and a 10.2% cash-on-cash return at market rents, illustrating the long-term income potential available through market rent alignment.

Location

State MD

County Baltimore City

Zoning R-8

Rooms

Basement Unfinished, Interior Access

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C

Inclusions 3 electric ranges of various sizes, 3 stacked washers & dryers, 3 refrigerators included.

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Stone

Above Ground Finished SqFt 20000

Sewer Public Sewer

Water Public

Architectural Style Converted Dwelling

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0312153826 003

Ownership Ground Rent

SqFt Source 20000

Special Listing Condition Standard

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NEARBY SCHOOLS & PROPERTIES

Fran Valerio

Listing Specialist, Team Leader | RS RS311467

+1(717) 602-0551 | fvalerio@soldincentralpa.com

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2405 BARCLAY ST Baltimore, MD 21218

Fran Valerio

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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2405 BARCLAY ST