2421 E Madison

Baltimore, MD 21205

$158,000

No longer for sale
4
Beds
3
Baths
1,300
Sq Ft
1920
Built
Photos pending from the listing agentInterview agents below to tour this home

Listing details

Incredible investment opportunity! Turnkey, occupied subsidized rental with 14+ YEAR TENANCY and strong flip potential – this booming corridor supports post-renovation values of $345K! Currently leased through the Section 8 program for a whopping $1,836 per month, this well-maintained end-unit is an investor’s dream. 2421 E Madison St boasts three finished levels, exposed brick, LVP flooring, recessed lighting, and modern kitchen updates including cabinetry, countertops, and appliances. Bathrooms have been tastefully remodeled, and the finished basement features a sleek cut-out stair design that adds architectural interest. With a written lease, LEAD FREE lead certificate, and rental license in hand along with being in compliance with Section 8 inspections, this is a true plug-and-play rental. It’s also located just .5 miles from renowned Johns Hopkins Hospital and Baltimore’s beloved Patterson Park, complete with walking paths, tennis courts, ballfields, a skating rink, lake, swimming pool, and year-round events! Don’t miss your chance to add this outstanding property to your rental portfolio today! Interested in a potential future flip? This home could achieve a sales price of $345K! See 2315 Ashland Ave – just 2.5 blocks from 2421 E Madison St, similar size, also 4 bedrooms, with a finished basement and sold for $345K on 2/10/2025. See 2220 E Madison St, just 3.5 blocks from 2421 E Madison St, similar size and sold for $341,960 on 12/27/2024. This one won’t last long!

Features

Public SewerFederalCity, Street3No CoolingForced AirYesExterior LightingGutter SystemSidewalksStreet LightsBathroom - Stall ShowerBathroom - Tub ShowerBathroom - Walk-In ShowerCarpetCombination Dining/LivingCombination Kitchen/DiningDining AreaFamily Room Off KitchenFloor Plan - OpenKitchen - Eat-InKitchen - Table SpaceRecessed LightingUpgraded CountertopsExcellentElectricOtherNoneNatural GasPublicNoneConnecting Stairway, Daylight, Partial, Fully Finished, Heated, Improved, Interior Access, Outside Entrance, Space For Rooms, Walkout Stairs, Windows2010Corner1,300DryerOven - SingleOven/Range - GasRefrigeratorStoveWasherWater Heater

Location

Living in Baltimore

Schools

SOL Pass Rate55%

Public schools

  • Baltimore Polytechnic Institute
  • Baltimore City College
  • Western High School

Commute

Drive to DC65 min
RailMARC (Penn Line, Camden Line)

Major Routes

I-95, I-695, I-83, I-295, Rt 1

Walkability

Walk Score65/100
Transit Score52/100
Bike Score58/100

Somewhat Walkable

Safety

Below Average

135% above Virginia average

Violent crime11.2 per 1K
Property crime28.5 per 1K

Property Tax

Rate$2.25 per $100
2024

~$3,552/yr on median home

Baltimore City rate (highest in Maryland)

Listed by Jamie Koehler, Cummings & Co. Realtors | (443) 604-5875 (broker)MLS# MDBA2170622

This home is no longer for sale

This listing has come off the market, so it cannot be bought through smover right now. The details below are kept for reference.

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Listing information is provided through IDX courtesy Keller Williams Capital Properties.

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