MLS: #MDBA2221048, Listed By: Will Cannon, Ben Frederick Realty, Inc., Source:Bright MLS
702 Homestead Street
BALTIMORE, MD 21218
8
Bed
0
Bath
1,920Sqft
0.09Acre(Lot)
● Price Improved to $380,000 with Strong Projected Returns: 9.70% cap rate and 13.4% projected cash-on-cash return, with two units rented and two available for immediate lease-up. ● Below-Market Rents Offer Organic Upside: Gradual rent increases can improve returns without major capital investment. ● Strong Physical Condition: 2020 roof, replacement wood windows, and updated plumbing help minimize future repair expenses. ● Walkable Location Near Daily Essentials: Giant, Ace Hardware, the YMCA, Enoch Pratt Library, and the year-round 32nd Street Farmers Market are all within a 4-minute walk, supporting consistent rental demand. Owner Occupant Opportunity! Purchase with just 3.5% down using 96.5% LTV financing, live in one of the two-bedroom apartments, and collect projected rents from t
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8 -
Interior Features
Appliances: Electric Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air, Electric
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Building Information
Year Built: 1920 Building Area Total: 2880 Construction Materials: Frame Pool Features: None Private Pool: No
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Lot Information
Lot Size Acres: 0.09 Lot Size Source: Estimated Lot Size Square Feet: 4000Property 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
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Listing Price Information
Listing Price: $380000
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Tax Information
Parcel Number: 0309034079 002 Tax Lot: 002 Tax Year: 2026 Annual Tax: $6662
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Parking Information
Driveway
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Location Information
Direction: GPS WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2604 Garrett Avenue, Baltimore, MD, 21218 | $275,000 | 5 | -- | 2,000 | -- |
| 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 |
| 2405 Barclay Street, Baltimore, MD, 21218 | $300,000 | 3 | -- | 2,000 | 0.03 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 |
Similar Multifamily To 702 Homestead Street
Nearby For Sale
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ByOwner last updated this listing 09/30/2026 @ 05:57
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