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MLS: #MDBA2221274, Listed By: Will Cannon, Ben Frederick Realty, Inc., Source:Bright MLS

2405 Barclay Street

BALTIMORE, MD 21218
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Bed 3

Bed

Bath 0

Bath

SqFt20,000

Sqft

Acres0.03

Acre(Lot)

2405 Barclay Street offers a unique opportunity for an owner-occupant seeking to build long-term wealth through real estate. By living in one apartment and renting the remaining two, a purchaser can offset a significant portion of the monthly housing expense while benefiting from rental income, principal reduction, and future appreciation. With three one-bedroom apartments, individual utilities, and below-market rents that offer future upside, the property provides both immediate housing and the opportunity to grow cash flow over time as apartments turn over. Example Owner-Occupant Financing Scenario* ●3.5% Down Payment ●Purchase Price: $369,000 ●Loan Amount: $356,085 ●Interest Rate: 6.00% ●30-Year Fixed Mortgage ●Estimated Monthly PITI + Mortgage Insurance: $3,064 ●Rental Income from Tw o Apartments: $2,600/month ●Estimated Monthly Housing Cost for Owner: Approximately $464/month *Illustrative financing example only. Financing programs, down payment requirements, occupancy requirements, and loan approval vary by lender. For investors, at $116,667 per unit, 2405 Barclay Street offers a lower-cost opportunity to acquire a three-unit apartment building in one of central Baltimore's most renter-supported neighborhoods. Recent census data indicates that 58% of neighborhood households rent their homes, while the surrounding housing stock remains predominantly single-family, helping support continued demand for apartment housing. Current rents remain below market, creating an opportunity to increase income as apartments turn over. For an investor utilizing conventional financing with a 20% down payment, the property produces a projected 8.75% capitalization rate and a 10.2% cash-on-cash return at market rents, illustrating the long-term income potential available through market rent alignment.

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Detail Ic Property Details

Property Type : Residential Income

Price : $350,000

AD Id : 86605637

MLS Id : MDBA2221274

Beds : 3

Lot Size : 0.03 Acre

Living Area Size : 20,000

Year Built : 1900

County : BALTIMORE CITY

Subdivision: Barclay

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Feature Features

  • Bedroom Information

    Total beds: 3

    Room Information

    Has Basement: Yes Basement: Unfinished, Interior Entry
  • Interior Features

    Appliances: Electric Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 1900 Building Area Total: 20000 Construction Materials: Brick Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 15' 86' Lot Size Acres: 0.03 Lot Size Source: Estimated Lot Size Square Feet: 1290

    Property Information

    Subdivision: BARCLAY Source Property Type: Residential Income Postal Code Plus 4: 5367 Zoning Description: Licensed for 3 Dwelling Units Property SubType: Triplex Property Age: 126

  • Listing Price Information

    Listing Price: $350000

  • Tax Information

    Parcel Number: 0312153826 003 Tax Lot: 003 Tax Year: 2025 Annual Tax: $3894

  • Parking Information

    On Street

  • Location Information

    Direction: GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1618 E 29th Street, Baltimore, MD, 21218 $140,000 3 -- 2,250 2,250 SqFt
2604 Garrett Avenue, Baltimore, MD, 21218 $299,900 5 -- 2,000 2,000 SqFt
811 Gorsuch Avenue, Baltimore, MD, 21218 $299,000 3 -- 2,000 2,000 SqFt
702 Homestead Street, Baltimore, MD, 21218 $395,000 6 -- 1,920 1,920 SqFt
622 E 33rd Street, Baltimore, MD, 21218 $510,000 4 -- 2,492 2,492 SqFt
608 E 33rd Street, Baltimore, MD, 21218 $289,000 3 -- 2,041 2,041 SqFt
112 E 20th Street, Baltimore, MD, 21218 $195,000 5 -- 2,322 2,322 SqFt
1927 Saint Paul Street, Baltimore, MD, 21218 $725,000 6 -- 3,929 3,929 SqFt
118 E 25th Street, Baltimore, MD, 21218 $299,999 6 -- 2,895 2,895 SqFt
2635 N Calvert Street, Baltimore, MD, 21218 $889,900 7 -- 3,292 3,292 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/27/2026 @ 10:17

MLS: MDBA2221274 LISTED BY: Will Cannon, Ben Frederick Realty, Inc. 410-235-9500 SOURCE: Bright MLS

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