1404 Madison Ave - Apartments FOR SALE


Baltimore, MD 21217- Madison Park
$749,900 USD
301-730-0610
1404 Madison Ave, Baltimore, MD for Sale
$749,900 USD
Apartments - FOR SALE
1/50
null | 8% Cap Rate

1404 Madison Ave
Baltimore, MD 21217
Madison Park


HIGHLIGHTS

  • All leases ready to be signed
  • 2 car garage with monthly rental of $100 each space
  • recently renovated in 2025
  • 2+ miles from Baltimore Ravens Stadium and Baltimore Orioles Stadium
  • On street parking

OVERVIEW

Ready to GO investment property with 5 multiple units. All recently rented. Total annual rent roll is $66,000. Great cap rate of 8%! Rental license valid until March 2028. Each unit has charming hardwood floors, a full kitchen and full bath. The property has many of it's original 1920's charming wood details and moldings, high ceilings and large rooms. The windows were replaced recently and allow lots of natural light into the spaces. The lower level has multiple washer/dryers for the tenants use and an entire floor of storage. There is an enclosed exterior rear courtyard and two car garage. All current leases will carry into 2026. Please contact the listing agents with any questions or to schedule a showing.

FOR SALE DETAILS

PRICE

$749,900 USD

PRICE/SF

$83 USD /SF

# OF UNITS

5

PRICE/UNIT

$149,980

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R7

APN/PARCEL ID

0378-002

ASK ABOUT THIS PROPERTY

Daniel ManganLong & Foster Real Estate, Inc.More Info
301-730-0610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Daniel ManganLong & Foster Real Estate, Inc.More Info
301-730-0610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.