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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

SqFt2,000

Sqft

Acres0.03

Acre(Lot)

LIVE IN ONE APARTMENT FOR AN ESTIMATED $79/MONTH — OR INVEST AT A PROJECTED 10.21% CAP RATE AND 14.1% CASH-ON-CASH RETURN. Now offered at $300,000, 2405 Barclay Street creates two compelling paths for buyers. For an owner-occupant, the property now passes the FHA self-sufficiency test. With 3.5% down, projected rents of $2,600 per month from the other two apartments reduce the estimated monthly housing cost to $79. Ask us for details! For investors, current rents remain below market, creating an opportunity to increase income as apartments turn over, with projected market rents supporting a 10.21% cap rate and 14.1% cash-on-cash return. 2405 Barclay Street is a licensed three-unit apartment building consisting of three one-bedroom apartments. Each apartment has a practical layout and in cludes a stacked washer and dryer. Kitchens feature wood cabinetry, mostly laminate countertops, electric ranges, and stainless-steel sinks. Bathrooms include modern vanities and steel tubs with ceramic tile surrounds. Cosmetic improvements have been completed during current ownership. 2405 Barclay has a straightforward all-electric utility configuration. Each apartment is served by its own heat pump with central air conditioning and its own 40-gallon electric water heater. The building has four electric meters and tenants pay for their own electric usage. The water heaters were replaced in 2024. Located in Baltimore's Barclay neighborhood, the property is convenient to Johns Hopkins University, Penn Station, Charles Village, and the Station North Arts District. Recent census data indicates that 58% of neighborhood households rent their homes, while most of the surrounding housing stock consists of single-family residences. For apartment owners, this provides an established renter base without a high concentration of larger multifamily buildings. At $300,000, 2405 Barclay Street offers an opportunity for an owner-occupant to use rental income to substantially offset the cost of homeownership or for an investor to acquire three apartments with income in place and additional upside as rents move toward market.

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Detail Ic Property Details

Property Type : Residential Income

Price : $300,000

AD Id : 86605637

MLS Id : MDBA2221274

Beds : 3

Lot Size : 0.03 Acre

Living Area Size : 2,000 Sq. Ft

Tax Amount : $3,894

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: 2000 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: $300000

  • 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

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2604 Garrett Avenue, Baltimore, MD, 21218 $275,000 5 -- 2,000 --
702 Homestead Street, Baltimore, MD, 21218 $380,000 8 -- 1,920 0.09 Acre
2420 Greenmount Avenue, Baltimore, MD, 21218 $225,000 -- -- -- 0.10 Acre
622 E 33rd Street, Baltimore, MD, 21218 $495,000 4 -- 2,492 0.06 Acre
3748 Old York Road, Baltimore, MD, 21218 $115,000 5 -- 1,848 0.12 Acre
3600 Greenmount Avenue, Baltimore, MD, 21218 $460,000 5 -- 3,408 0.08 Acre
2017 Saint Paul Street, Baltimore, MD, 21218 $599,900 5 -- 3,204 --
118 E 25th Street, Baltimore, MD, 21218 $299,999 6 -- 2,895 0.04 Acre
2116 Saint Paul Street, Baltimore, MD, 21218 $650,000 3 -- 3,480 --
2709 N Calvert Street, Baltimore, MD, 21218 $699,900 3 -- 2,940 0.06 Acre

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 09/30/2026 @ 05:55

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

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