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1423 W Fayette St W Baltimore, MD 21223

For Sale
$290,000

Three-unit property in Union Square, fully leased, immediate income.

Building Details

Year built
1915

Source: Keller Williams Legacy Agent Andres Serafini

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


Overview

Turnkey Union Square Triplex

This is a three-unit property located in the historic Union Square neighborhood. Each of the three units features an identical layout with two bedrooms and one bathroom, encompassing 1,002 square feet. The property is fully occupied with tenants on fixed year-long leases. The property generates $2,918 per month. Each unit is separately metered. Tenants are responsible for their own BGE, while the owner covers common area expenses. Units 1 and 2 pay their water bills, while Unit 3 is excluded from this arrangement. The property is well-positioned near Union Square Park, University of Maryland Medical Center, Biotech Park, and downtown Baltimore, with convenient access to I-95 and I-295. Strong rental demand exists in the area, with market rents averaging $1,200 per unit, offering value-add potential. The property is ideal for investors seeking immediate income with upside, or owner-occupants looking to offset expenses. A Maryland RRSA has been completed.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply 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
-76.5978526
Latitude
39.2927512

FAQs

What type of property is this?
Triplex - Three-unit property in Union Square, fully leased, immediate income.
Where is this triplex located?
The property is located at 1423 W Fayette St W Baltimore, MD.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: - Turnkey 3-unit property in historic Union Square.; - Fully occupied, generating $2,918/month in rental income.; - Each unit is separately metered, with tenants paying their own BGE.
More about this property
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