1501 E Baltimore St, Baltimore, MD 21231

Property Description

Federal-Style Property with Income Potential in Baltimore City! Welcome to 1501 E Baltimore Street, currently configured and operated as two separate living units with private entrances—offering flexibility for an investor, owner-occupant, or multi-generational household. Unit 1, located on the upper level, features five rooms and two full bathrooms and is currently rented by the room. Three rooms are tenant-occupied, while two rooms are currently available following recent tenant departures. Unit 2, (occupied) located on the lower level, offers two bedrooms and one full bathroom. Each unit includes a private kitchen and its own in-unit washer and dryer, providing convenience and privacy for occupants. The property is currently occupied and generating approximately $3,600 per month in collected rental income, presenting an attractive opportunity for buyers seeking an income-producing property in Baltimore City. More than $30,000 in upgrades have been completed since October 2023, including new flooring, a new kitchen, a new microwave, and a renovated full bathroom in Unit 1; an updated hallway bathroom and a new dishwasher in Unit 2; and a new washing machine. Property is being sold in its current condition and configuration. Buyer to independently verify zoning, bedroom and room counts, square footage, rental income, occupancy, and all applicable rental and licensing requirements with the appropriate Baltimore City agencies.