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MLS: #MDBA2221552, Listed By: Song Hong, Turn Key Homes Litmited Libability, Source:Bright MLS

942 N Broadway

BALTIMORE, MD 21205
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Bed 5

Bed

Bath 6

Bath

SqFt1,806

Sqft

Acres0.02

Acre(Lot)

Executive Summary Fully renovated, stabilized income-producing property configured as five private bedroom suites with five full baths and one half bath. The property is 100% occupied with newly signed one-year leases and has a proven operating history serving Johns Hopkins students and healthcare professionals. Property Highlights • Approx. 2,400–2,500+ SF • 5 Bedrooms / 5 Full Baths / 1 Half Bath • Dual HVAC systems • Two laundry rooms • New plumbing, electrical, HVAC • Excellent condition • Fully occupied Rent Roll Four rooms at $950/month and one room at $875/month. Gross monthly income: approximately $4,675. Gross annual income: approximately $56,100. Operating Summary Owner-paid utilities are approximately $700/month. Home warranty approximately $75/month. No HOA. Mortgage approximat ely $1,800/month (includes escrow; mortgage is not used in NOI valuation). Investment Thesis The property is best marketed as a turnkey, cash-flowing investment rather than a traditional single-family residence. Fresh leases, multiple income streams, and proximity to Johns Hopkins distinguish it from many nearby properties. Valuation Discussion Residential comparable sales and the income approach should both be considered. The appropriate asking price should ultimately be supported by verified comparable sales, legal rental configuration, and documented operating income. Marketing Strategy Target investor buyers seeking immediate cash flow, student housing, healthcare-worker housing, or long-term hold opportunities. Emphasize occupancy, renovation quality, and operational history. Next Steps This memorandum is a preliminary package. A final broker-quality offering memorandum should incorporate current comparable sales, neighborhood maps, charts, verified operating statements, and professional photography. Current Rent Roll Room Monthly Rent 1-$950 2-$950 3-$950 4-$950 5-$875 Total $4,67

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Detail Ic Property Details

Property Type : Residential

Price : $450,000

AD Id : 87389330

MLS Id : MDBA2221552

Beds : 5

Lot Size : 0.02 Acre

Living Area Size : 1,806

Year Built : 1920

County : BALTIMORE CITY

Subdivision: None Available

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 6 Full Baths: 5 Half Baths: 1

    Room Information

    Has Basement: Yes Basement: Unfinished
  • Interior Features

    Appliances: Gas Water Heater
  • Heating & Cooling

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

  • Building Information

    Year Built: 1920 Building Area Total: 1974 Construction Materials: Brick Pool Features: None Private Pool: No

  • Lot Information

    Lot Size Acres: 0.02 Lot Size Source: Estimated Lot Size Square Feet: 900

    Property Information

    Subdivision: NONE AVAILABLE Source Property Type: Residential Postal Code Plus 4: 1120 Property SubType: Townhouse Levels: Three Or More Property Age: 106

  • Listing Price Information

    Listing Price: $450000

  • Tax Information

    Parcel Number: 0307061215 020 Tax Lot: 020 Tax Year: 2025 Annual Tax: $1770

  • Parking Information

    On Street

  • Location Information

    Direction: baltimore city WaterSource: Public
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Nearby Home Value

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1006 Iris Avenue, Baltimore, MD, 21205 $69,900 2 2 1,280 1,280 SqFt
3330 Mcelderry Street, Baltimore, MD, 21205 $99,900 5 2 1,338 1,338 SqFt
601 N Clinton Street, Baltimore, MD, 21205 $139,900 3 1 1,064 1,064 SqFt
509 N East Avenue, Baltimore, MD, 21205 $189,900 3 2 976 976 SqFt
603 N Robinson Street, Baltimore, MD, 21205 $110,000 2 1 1,592 1,592 SqFt
502 N Robinson Street, Baltimore, MD, 21205 $175,000 2 2 1,114 1,114 SqFt
516 N Robinson Street, Baltimore, MD, 21205 $74,900 2 1 960 960 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 07/01/2026 @ 07:59

MLS: MDBA2221552 LISTED BY: Song Hong, Turn Key Homes Litmited Libability 443-847-2950 SOURCE: Bright MLS

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