Property
Beds
3
Full Baths
2
1/2 Baths
None
Year Built
1910
Sq.Footage
1,341
Investment Opportunity in a Prime East Baltimore Rental Corridor! Expand your investment portfolio with this cash-flow opportunity located just minutes from Johns Hopkins Hospital, Northeast Market, and Patterson Park. For investors looking to scale, the neighboring investment property at 2316 E Madison St (MLS# MDBA2220718) is also available—purchase one or both to create a strong Baltimore rental portfolio. 2221 Jefferson St underwent a comprehensive renovation in 2011, including all new roofing, framing, drywall, hardwood flooring, electrical, plumbing, kitchen, bathrooms, and other major systems. Today, the property primarily needs a deep cleaning, fresh paint, and minor cosmetic repairs to be rent-ready or move-in ready. Investors may also explore additional value-add opportunities, including the potential for a future rear parking pad (buyer to verify feasibility and approvals). A more extensive renovation strategy could push the after-repair value to $250,000+. The surrounding neighborhood continues to experience steady revitalization, with numerous renovated homes and ongoing investment throughout the area. Projected long-term rental income exceeds $1,700/month (based on comparable MLS and Zillow rental data), while furnished mid-term rentals (90-day minimum) are projected at $2,000+/month based on Furnished Finder market data. Whether you're looking for your next rental property, a value-add project, or an affordable opportunity to own near some of Baltimore’s largest employment centers, this property offers tremendous upside. Property is being sold strictly AS-IS. Cash, private money, or renovation financing only. The property is not expected to meet FHA appraisal and financing requirements. All systems are currently operational and functioning as intended.
Features & Amenities
Interior
-
Other Interior Features
High Ceilings, Open Floorplan
-
Total Bedrooms
3
-
Bathrooms
2
-
Above Grade Finished Area
1148.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick Veneer, Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Level, Cleared, Back Yard
-
Lot Size(acres)
0.03
-
Lot Size(square feet)
1306.8
-
Property Type
Residential
-
Property Sub Type
Townhouse
-
Architectural Style
Traditional
Price
-
Sales Price
$125,000
-
Tax Amount
$3,125
-
Sq. Footage
1, 341
-
Price/SqFt
$93
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Slab, Stone
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
022
-
Water Source
Public
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Location
County
BALTIMORE CITY
Elementary School
Middle School
High School
Listing Courtesy of Thomas A Altvater , EXP Realty, LLC
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AGENT
Albert Ranney
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