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Barclay Multifamily Investment Opportunity
For Sale
$195,000
Pending

112 E 20TH St, Baltimore, MD 21218

Three-unit property near Penn Station with income potential.

Property Size2,322 SF
Lot Size0.03 Acres
Days on Market154

Property Features for 112 E 20TH St

General Information

Standard status Pending
Size 2,322 SF
Lot size 0.03 Acres
Property subtype Investment

Taxes and HOA fees

Annual Taxes $2,967

Building Details

Building Size 2,322 SF
Year Built 1890
Units 3
Listing Agency: Berkshire Hathaway HomeServices Homesale Realty
Listed By: Will A Cannon III · License #649854
Source: Elliman
Added: Mar 12 Changed: Aug 8 Last Checked: Aug 8 at 12:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Homesale Realty

Investment Insights

Based on property information with market context.

This three-unit multifamily property is located in Baltimore’s Barclay neighborhood, five blocks north of Penn Station. The property, offered at $240,000, features two two-bedroom apartments and one one-bedroom apartment. The units include plaster walls and ceilings, a mix of wood and vinyl flooring, and functional layouts. The kitchens have wood cabinetry, with two apartments featuring laminate countertops and one with a porcelain sink top. The bathrooms include cast-iron tubs with ceramic tile or vinyl surrounds. Heating is provided by a Trane gas-fired furnace with a central 40-gallon gas water heater. The building is separately metered with four electric meters and three gas meters. The landlord currently pays public service bills and one electric meter serving an apartment; however, a future owner could modify lease terms to transition electric service to tenants. The property is located in the revitalizing Barclay neighborhood between Station North and Charles Village, with walkable access to Penn Station, offering MARC and Amtrak service connecting Baltimore to Washington, D.C. and the broader Northeast corridor. The property is centrally located in a rental corridor with convenient access to Johns Hopkins University, Station North, I-83, and downtown Baltimore. Market rent projections indicate strong income potential, with renovated apartments in the area achieving rents of $1,500+ per month.

Key Highlights

  • Income‑producing 3‑unit multifamily property in Baltimore's Barclay neighborhood
  • Convenient location: Just 5 blocks from Penn Station with MARC and Amtrak access
  • Strong income potential: Market rents for renovated units in the area are $1,500+ per month

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Pet Store Carpet & Flooring Store Pet Store & Service Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,956
Businesses Nearby

Demographics for 21218, MD

46,238
Population
21,751
Households
2.1
Avg Household Size
34
Median Age
44%
College-Educated
90%
High-School Grad
4.3 sq mi
ZIP Area
10,753
Density / Sq Mi
$58,378
Median Household Income
$38,316
Median Earnings
$1,239
Median Rent
$229,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit property near Penn Station with income potential.
Where is this triplex located?
The property is located at 112 E 20TH St Baltimore, MD.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Income‑producing 3‑unit multifamily property in Baltimore's Barclay neighborhood; Convenient location: Just 5 blocks from Penn Station with MARC and Amtrak access; Strong income potential: Market rents for renovated units in the area are $1,500+ per month
More about this property
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