Charming Multifamily Investment
For Sale
$649,900
Pending
1404 MADISON Ave, Baltimore, MD 21217
Five-unit property with $66,000 annual rent roll.
Property SizeContact for details
Lot Size0.07 Acres
Days on Market165
Property Features for 1404 MADISON Ave
General Information
Standard status
Pending
Lot size
0.07 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,657
Building Details
Year Built
1920
Units
5
Listing Agency:
Long & Foster Real Estate
(410) 707-7246
Listed By:
Laura Jones
(410) 707-7246
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 2:02PM
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 Long & Foster Real Estate
Investment Insights
Based on property information with market context.
This is an investment property featuring five individual rental units, all of which have been recently rented. The total annual rent roll is $66,000. 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 provides multiple washer/dryers for tenant use and an entire floor of storage. An enclosed exterior rear courtyard and a two-car garage are included. All current leases will carry into 2026. The rental license is valid until March 2028.
Key Highlights
- High Cap Rate: 10.2%
- Annual Rent Roll: $66,000
- 5 Individual Rental Units, all recently rented
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,614
Businesses Nearby
Explore this area
Business Placement
Demographics for 21217, MD
30,448
Population
20,064
Households
1.5
Avg Household Size
38
Median Age
22%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
14,499
Density / Sq Mi
$37,207
Median Household Income
$40,668
Median Earnings
$1,065
Median Rent
$175,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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 Individual Rental Units, all recently rented
