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MLS: #MDBA2221048, Listed By: Thomas Fair, Ben Frederick Realty, Inc., Source:Bright MLS

702 Homestead Street

BALTIMORE, MD 21218
Mark as Favorite
Bed 6

Bed

Bath 0

Bath

SqFt1,920

Sqft

Acres0.09

Acre(Lot)

● Strong Cash Flow Potential in a Growing Neighborhood — 12.1% projected ROI at market rents.. ● Strong Physical Condition — 2020 roof, replacement wood windows, individual HVAC units, and updated plumbing minimize repair expenses. ● Walkable Location Near Daily Essentials — Tenants enjoy access to Giant, Ace Hardware, the YMCA, and a year-round farmers market—all within a 4-minute walk—supporting consistent rental demand. Owner-Occupant Financing Scenarios: A: House Hack with FHA Financing: Purchase with just 3.5% down, occupy one apartment, and projected rental income from the other three apartments is essentially equal to your entire monthly PITI and PMI. B: Prefer Conventional Financing? Put 20% down and collect rent from the other three apartments. Your projected monthly housing c ost is only $729 per month—less than renting a comparable two-bedroom apartment in Better Waverly while building equity in your own apartment building. (Call us for details) 702 Homestead Street features four two-bedroom apartments. Kitchens include laminate countertops, wood cabinets, 30" gas ranges, dishwashers, and stainless steel sinks, with some garbage disposals. Bathrooms are equipped with modern vanities, steel tubs, and ceramic tile tub surrounds. Flooring includes carpet in the living areas and ceramic tile in the kitchens and bathrooms. Each apartment includes washer and dryer hookups, allowing tenants to install their own in-unit laundry. The building features a 2020 asphalt shingle roof and separately metered gas and electric service, making ownership and expense allocation straightforward. Each apartment is served by its own gas-fired furnace with central air conditioning and individual electric water heater. Supply lines are C-PVC and drain lines are PVC. The owner currently pays water and sewer, creating an opportunity for a future owner to implement a utility reimbursement program and improve net operating income. Better Waverly is a neighborhood where approximately 51% of residents own their homes, contributing to well-maintained properties, attractive streetscapes, and long-term neighborhood stability. The property is located just 0.2 miles—or a 4-minute walk—from Giant, Ace Hardware, the YMCA, and the Enoch Pratt Library. The year-round 32nd Street Farmers Market is just a few blocks away, while Johns Hopkins University's Homewood Campus is less than one mile away. Numerous nearby renovation projects continue to demonstrate private investment and confidence in the neighborhood's future.

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Detail Ic Property Details

Property Type : Residential Income

Price : $395,000

AD Id : 86486359

MLS Id : MDBA2221048

Beds : 6

Lot Size : 0.09 Acre

Living Area Size : 1,920

Year Built : 1920

County : BALTIMORE CITY

Subdivision: Better Waverly Historic District

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Map

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Feature Features

  • Bedroom Information

    Total beds: 6
  • Interior Features

    Appliances: Electric Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 1920 Building Area Total: 2880 Construction Materials: Frame Pool Features: None Private Pool: No

  • Lot Information

    Lot Size Acres: 0.09 Lot Size Source: Estimated Lot Size Square Feet: 4000

    Property Information

    Subdivision: BETTER WAVERLY HISTORIC DISTRICT Source Property Type: Residential Income Postal Code Plus 4: 3570 Zoning Description: Licensed for 4 Dwelling Units Property SubType: Quadruplex Property Age: 106

  • Listing Price Information

    Listing Price: $395000

  • Tax Information

    Parcel Number: 0309034079 002 Tax Lot: 002 Tax Year: 2026 Annual Tax: $6662

  • Parking Information

    Driveway

  • Location Information

    Direction: GPS WaterSource: Public
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Nearby Home Value

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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
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
2405 Barclay Street, Baltimore, MD, 21218 $350,000 3 -- 20,000 20,000 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

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ByOwner last updated this listing 06/27/2026 @ 09:05

MLS: MDBA2221048 LISTED BY: Thomas Fair, Ben Frederick Realty, Inc. 410-235-9500 SOURCE: Bright MLS

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