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About the Listing CCRL7 - 3023965
Incredible house-hacking / 3-unit investment opportunity WITH 2 READY-TO-RENT GARAGES in the heart of Baltimore’s coveted Charles Village neighborhood. Current annual rental income for units 1 and 2 combined is $34,500. If unit 3 (currently and intentionally vacant for a potential owner-occupant) were to be leased for $1,600 per month, and each garage (also currently available) were leased for $150 per month, total annual income would be $57,300. This statuesque end-of-group residence boasts three separately-metered, spacious units – each flaunting abundant natural light, wood flooring, updated kitchens with modern cabinetry, in-unit laundry, and air conditioning. UNIT 1 encompasses the entire main level, is 1 bedroom, 1 full bathroom, has window units, and is rented for $1,325 per month. The lease is to 8/31/2026. UNIT 2 encompasses the entire second level, is 3 bedrooms, 1 full bathroom, has mini-splits for heating and cooling, and is rented for $1,550 per month. The lease is to 4/30/2027. UNIT 3 is the penthouse apartment and yours to occupy or lease! It encompasses the entire third level, is 3 bedrooms, 1 full bathroom, has window units, and a cozy covered rear deck, and unlike the other two units, it is only accessible via the rear staircase, offering privacy. If you decide to lease this unit, recent rental comps support a $1,600 monthly rent. (See 2724 Saint Paul St #3rd Floor which was only 2 bedrooms/1 bathroom and rented for $1,600 on 8/16/2025. See also 2732 Maryland Ave #2 which was only 2 bedrooms/1 bathroom and rented for $1,600 on 10/1/2025.) The two rear garages are currently unrented and can be yours to utilize in tandem with your penthouse apartment, as storage for maintenance needs, or can each be rented for an estimated $150 per month. With written leases, rent paid up on the occupied units, lead certificates, and a 3-unit rental license (good though 5/8/2028) in hand, this gem delivers turnkey peace of mind. Residents are responsible for their own BGE accounts. The landlord pays the water bill. Recent improvements include : New heating system for units 1 and 3, new refrigerators for all units, and fresh wood stain, new light fixtures, and new paint for unit 3 (2023). New window units for units 1 and 3, new mini splits for heating and cooling for unit 2, and new LVP flooring, bathroom vanity, and paint throughout unit 2 (2021). There is a Special Benefits Tax in this neighborhood. The current cost for the year for this property is $392.87. The Special Benefits Tax is a surcharge which covers additional safety and sanitization efforts to benefit the residents of the area. With its close proximity to the prestigious Johns Hopkins University (.5 miles), Medstar Union Memorial Hospital (.4 miles), Baltimore Museum of Art (.5 miles), downtown Baltimore (3 miles), and countless coffee shops and restaurants, the area is booming with students and professionals alike, making living here and lease-up a breeze! Schedule a showing today!
Listing Highlights
Status
Active
Days on Site
27
Property Type
Multi-Family
MLS ®
MDBA2206462
Year Built
1900
Total Square Footage
3,024
Lot/Acreage
N/A
County
Baltimore City
School District
Baltimore City Public Schools
Interior Details
- Bedrooms: 6
- Bathrooms: 0 Full
- Appliances: Refrigerator, Stove, Washer, Dryer, Oven/Range - Gas, Stainless Steel Appliances, Washer/Dryer Stacked, Water Heater
- Air Cond: Ductless/Mini-Split,Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor: Wood,Luxury Vinyl Plank,Tile/Brick
- Above Ground Sq Ft: 3024
- Below Ground Sq Ft: 0
- Basement: Outside Entrance,Rear Entrance,Unfinished,Walkout Stairs
- Other: Bathroom - Tub Shower,Bathroom - Walk-In Shower,Ceiling Fan(s),Wood Floors
- Water: Public
Exterior Details
- Lot Description: Corner,Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: 2 car
- Parking Spaces: 2
- Zoning: R-7
- Roof:
- Others: Exterior Lighting,Gutter System,Fire Escape,Sidewalks,Street Lights,Excellent
- Sewer: Public Sewer
- Parking Features: Parking Space Conveys,Garage - Side Entry,Detached Garage,Off Street,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $6,622
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
339 E 31st St Baltimore, MD 21218
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