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    217 E Preston St Baltimore, MD 21202

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    For Sale
    $995,000

    Two renovated townhomes with apartments offer owner-occupancy or investment.

    Lot size:
    0.07 Acres

    Property Features for 217 E Preston St

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1900

    Source: Ben Frederick Realty, Inc. Agent Will A Cannon III

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Townhomes with Income Potential

    This property presents an opportunity for owner-occupancy or investment. One of the townhomes features five bedrooms and two bathrooms across three stories, offering the potential for free living by collecting rents to cover the mortgage. Alternatively, with a smaller down payment, the monthly cost of ownership could be approximately $1,500. The property includes a renovated five-bedroom townhome with a terrace level apartment, suitable for renting out or accommodating family. The renovated townhome at 217 E Preston features a new kitchen with stainless steel appliances, well-maintained hardwood floors, and two updated bathrooms. For investors, the purchase includes two rentable five-bedroom townhomes and two one-bedroom terrace apartments.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6122441
    Latitude
    39.304418

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    FAQs

    What type of property is this?
    Multifamily property - Two renovated townhomes with apartments offer owner-occupancy or investment.
    Where is this multifamily property located?
    The property is located at 217 E Preston St Baltimore, MD.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Live in a renovated 5-bedroom townhome while renting out the terrace-level apartment to cover mortgage costs.; - Potential to own two adjacent 5-bedroom townhomes and two 1-bedroom terrace apartments for investment.; - Renovated 5-bedroom townhome with **updated kitchen featuring stainless steel appliances.**
    (410) 916-3331
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    217 E Preston St 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
    217 E Preston St Baltimore, MD 21202
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