2405 BARCLAY ST Baltimore, MD 21218
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $150
Subdivision Barclay
MLS Listing ID MDBA2221274
Style Converted Dwelling
Abv Grd Liv Area 2,000
Year Built 1900
Annual Tax Amount $3,894
Tax Year 2025
Lot Size 1,290 Sqft
Acres 0.03
Lot Dimensions 15' 86'
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
Now offered at $300,000, 2405 Barclay Street creates two compelling paths for buyers. For an owner-occupant, the property now passes the FHA self-sufficiency test. With 3.5% down, projected rents of $2,600 per month from the other two apartments reduce the estimated monthly housing cost to $79. Ask us for details! For investors, current rents remain below market, creating an opportunity to increase income as apartments turn over, with projected market rents supporting a 10.21% cap rate and 14.1% cash-on-cash return.
2405 Barclay Street is a licensed three-unit apartment building consisting of three one-bedroom apartments. Each apartment has a practical layout and includes a stacked washer and dryer. Kitchens feature wood cabinetry, mostly laminate countertops, electric ranges, and stainless-steel sinks. Bathrooms include modern vanities and steel tubs with ceramic tile surrounds. Cosmetic improvements have been completed during current ownership.
2405 Barclay has a straightforward all-electric utility configuration. Each apartment is served by its own heat pump with central air conditioning and its own 40-gallon electric water heater. The building has four electric meters and tenants pay for their own electric usage. The water heaters were replaced in 2024.
Located in Baltimore's Barclay neighborhood, the property is convenient to Johns Hopkins University, Penn Station, Charles Village, and the Station North Arts District. Recent census data indicates that 58% of neighborhood households rent their homes, while most of the surrounding housing stock consists of single-family residences. For apartment owners, this provides an established renter base without a high concentration of larger multifamily buildings.
At $300,000, 2405 Barclay Street offers an opportunity for an owner-occupant to use rental income to substantially offset the cost of homeownership or for an investor to acquire three apartments with income in place and additional upside as rents move toward market.
Location
State MD
County Baltimore City
Zoning R-8
Rooms
Basement Unfinished, Interior Access
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Inclusions 3 electric ranges of various sizes, 3 stacked washers & dryers, 3 refrigerators included.
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Stone
Above Ground Finished SqFt 2000
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312153826 003
Ownership Ground Rent
SqFt Source 2000
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
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Sales Director, Realtor License ID: MD: 662897 / PA: RSR005460
+1(410) 905-6678 | mike@mykeyhometeam.com