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    400-402 Pitman Pl Baltimore, MD 21202

    For Sale
    $250,000

    MULTI_FAMILY - BALTIMORE, MD

    Days on Market:
    45
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 400-402 Pitman Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    On Street

    Building Details

    Year built
    1920
    Number of units
    4
    Building materials
    Brick

    RE/MAX Advantage Realty (410) 740-1200 [email protected]

    Listing agent John Stockton (443) 573-9200 License #669972

    Listing date Oct 22, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Development Opportunity in Baltimore

    This two-story end-of-group property, located in the Station North Arts District of Baltimore, is zoned for six dwelling units and presents a development opportunity. The existing gutted and framed structure is currently configured for four dwelling units: two 1-bedroom, 1-bathroom units on the first floor, and two 2-bedroom, 1-bathroom units on the second floor. There is potential to add two additional 2-bedroom, 1-bathroom units with a 27x65 addition to the third floor. The original zoning plan allowed for a mix of two ground floor commercial units boasting 92' of road frontage and four upper-level dwelling units with a total proposed enclosed space of 4600+ SQFT. The property is ready for MEPs, with an estimated 4-5 month timeline to completion as a 4-unit and 7-8 months as a 6-unit. Building permit, stamped drawings, site plans, residential change, and appraisal with a $1,240,000 completed valuation available upon request. Potential gross rental income as a 6-unit of $140,000.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    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
    -76.61059536
    Latitude
    39.30854472

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    FAQs

    What type of property is this?
    Multifamily property - Two-story end-of-group property zoned for six dwelling units.
    Where is this multifamily property located?
    The property is located at 400-402 Pitman Pl Baltimore, MD.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Zoned for 6 dwelling units in the Station North Arts District, offering significant development potential and equity upside.; - Existing structure framed for 4 units (two 1 Bed/1 Bath, two 2 Bed/1 Bath), with potential for two additional 2 Bed/1 Bath units.; - Potential gross rental income of $140,000 as a 6-unit property.
    (443) 573-9200
    Request Owner's contact information
    400-402 Pitman Pl Baltimore, MD 21202
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    Baltimore, MD 21202
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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
    400-402 Pitman Pl Baltimore, MD 21202
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