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1404 Madison Ave Baltimore, MD 21217

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For Sale
$649,900

Five-unit property with $66,000 annual rent roll.

Lot size:
0.07 Acres

Property Features for 1404 Madison Ave

General Information

Property type
Investment
Standard status
Active
Lot size
0.07 Acres

Building Details

Year built
1920

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Listing Contact
Laura Jones
Source: Elliman

Listing Agency: Long & Foster Real Estate Listing Agent: Laura Jones

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

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Overview

Baltimore Multifamily Investment Property

This is a five-unit investment property with a total annual rent roll of $66,000. The rental license is valid until March 2028. Each unit features hardwood floors, a full kitchen, and a full bath. The property retains original 1920s wood details and moldings, high ceilings, and large rooms. Recently replaced windows provide natural light. The lower level includes multiple washer/dryers for tenant use and an entire floor of storage. There is an enclosed exterior rear courtyard and a two-car garage. All current leases extend into 2026.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

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City
Baltimore
County
Baltimore
State
Maryland
Longitude
-76.6284739
Latitude
39.3039323

FAQs

What type of property is this?
Apartment building - Five-unit property with $66,000 annual rent roll.
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 $649,900.
What are key features of this property?
This property features: - High Cap Rate: 10.2%; - Annual Rent Roll: $66,000; - 5 Recently Rented Units offer immediate income.
More about this property
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