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    1404 Madison Ave Baltimore, MD 21217

    For Sale
    $699,900

    Commercial/Industrial - BALTIMORE, MD

    Lot size:
    0.07 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for 1404 Madison Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage, On Street
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1920
    Flooring type
    Hardwood, Tile, Tile - Ceramic
    Building materials
    Brick
    Architectural style
    Other

    Long & Foster Real Estate (888) 536-0216

    Listing agent Laura Jones (888) 536-0216

    Listing date Nov 26, 2025

    MLS# MDBA2192120 Listing URL

    Copyright © 2025 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Baltimore Investment Property with Rental Units

    This investment property features five individual rental units, all recently rented. The total annual rent roll is $66,000, yielding a 9.4% cap rate. The rental license is valid until March 2028. Each unit includes hardwood floors, a full kitchen, and a full bath. The property retains original 1920's wood details and moldings, high ceilings, and large rooms. Recently replaced windows provide natural light. The lower level offers multiple washer/dryer units for tenant use and an entire floor of storage. An enclosed exterior rear courtyard and a two-car garage are included. Current leases extend into 2026. The property is located in Baltimore, MD.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.62848
    Latitude
    39.30393

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    FAQs

    What type of property is this?
    Apartment building - Investment property featuring five rental units with a 9.4% cap rate.
    Where is this apartment building located?
    The property is located at 1404 Madison Ave Baltimore, MD.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: - High Cap Rate: 9.4% offers a strong return on investment.; - Income Producing: 5 individual rental units with a total annual rent roll of $66,000.; - Rental License: Valid until March 2028, ensuring immediate and sustained rental operation.
    (888) 536-0216
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1404 Madison Ave Baltimore, MD 21217
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