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About the Listing BFRI1 - 3099618
3-unit multifamily investment opportunity in Baltimore’s Barclay neighborhood, just five blocks north of Penn Station. Offered at $240,000 ($80,000 per unit), this income-producing property features two two-bedroom apartments and one one-bedroom apartment in a centrally located rental corridor with convenient access to Johns Hopkins University, Station North, I-83, and downtown Baltimore. Units feature plaster walls and ceilings, a mix of wood and vinyl flooring, and functional layouts. Kitchens include wood cabinetry, with two apartments offering laminate countertops and one with a porcelain sink top. Bathrooms include cast-iron tubs with ceramic tile or vinyl surrounds. The property is heated by a Trane gas-fired furnace with a central 40-gallon gas water heater. The building is separately metered with four electric meters and three gas meters. Currently, the landlord pays public service bills and one electric meter serving an apartment; however, a future owner could modify lease terms to transition electric service to tenants. Located in the revitalizing Barclay neighborhood between Station North and Charles Village, the property benefits from walkable access to Penn Station with MARC and Amtrak service connecting Baltimore to Washington, D.C. and the broader Northeast corridor. Market rent projections supported by comparable units indicate strong income potential, with renovated apartments in the area achieving rents of $1,500+ per month.
Listing Highlights
Status
Active
Days on Site
12
Property Type
Multi-Family
MLS ®
MDBA2206192
Year Built
1890
Total Square Footage
2,322
Lot/Acreage
0.03
Interior Details
- Bedrooms: 5
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Radiator
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2322
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Lot Dimensions: 15'6" x 80'
- Zoning: Licensed for 3 Dwelling Units
- Roof: Rubber
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $2,967
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
112 E 20th St Baltimore, MD 21218
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