Pending

MLS: #MDBA2210260, Listed By: Jamie Koehler, Cummings & Co. Realtors, Source:Bright MLS

339 E 31st Street

BALTIMORE, MD 21218

$525,000 $2,213/Mo

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Overview

Bed

Bath

3,024

Sqft

Description

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!

Property Details

Property Type : Residential

Price : $525,000

AD Id : 76919140

MLS Id : MDBA2210260

Beds : 7

Living Area Size : 3,024

Year Built : 1900

Garage : 2

County : BALTIMORE CITY

Subdivision: Charles Village

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 7

Bathroom Information

Total Baths: 3 Full Baths: 3

Room Information

Has Basement: Yes Basement: Exterior Entry, Walk-Out Access, Unfinished
Flooring Information

Wood, Vinyl
Interior Features

Ceiling Fan(s) Appliances: Gas Range, Gas Oven, Cooktop, Electric Water Heater, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s), Washer/Dryer Stacked, Water Heater
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Ceiling Fan(s), Window Unit(s), Ductless, Electric

Building Information

Year Built: 1900 Building Area Total: 4032 Construction Materials: Brick, Concrete Patio And Porch Features: Porch Pool Features: None Private Pool: No View: Street
Exterior Features

Exterior Features: Lighting, Rain Gutters

Lot Information

Lot Size Source: Estimated Lot Description: Corner Lot

Property Information

Subdivision: CHARLES VILLAGE Source Property Type: Residential Postal Code Plus 4: 3795 Property SubType: Townhouse Direction Faces: North Levels: Three Or More Property Age: 126

Listing Price Information

Listing Price: $525000

Tax Information

Parcel Number: 0312203857A032 Tax Lot: 032 Tax Year: 2025 Annual Tax: $6622.16

Parking Information

Parking Total: 2 Off Street, Garage, Detached

Garage Information

Has Garage: Yes Garage Space: 2

Location Information

Direction: Take N Calvert St or Saint Paul St to 31st St. WaterSource: Public Security Features: Smoke Detector(s), Carbon Monoxide Detector(s), Fire Escape

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
2013 E 31st Street, Baltimore, MD, 21218	$269,999	4	3	2,884	2,884 SqFt
1947 E 31st Street, Baltimore, MD, 21218	$112,000	4	2	2,264	2,264 SqFt
1926 E 28th Street, Baltimore, MD, 21218	$200,000	2	3	1,500	1,500 SqFt
1917 E 32nd Street, Baltimore, MD, 21218	$475,000	4	3	1,920	1,920 SqFt
2832 Harford Road, Baltimore, MD, 21218	$115,000	3	2	--
1822 E 28th Street, Baltimore, MD, 21218	$229,000	4	3	--
2751 Fenwick Avenue, Baltimore, MD, 21218	$225,000	3	3	1,500	1,500 SqFt
2728 Harford Road, Baltimore, MD, 21218	$222,000	4	2	1,700	1,700 SqFt
2710 The Alameda, Baltimore, MD, 21218	$170,000	3	2	--
1805 E 33rd Street, Baltimore, MD, 21218	$119,900	3	2	1,746	1,746 SqFt

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ByOwner last updated this listing 06/06/2026 @ 20:59

MLS: MDBA2210260 LISTED BY: Jamie Koehler, Cummings & Co. Realtors 410-823-0033 SOURCE: Bright MLS