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2421 E Madison Street, Baltimore, MD 21205

Beds
4
Baths
3
Sqft
1,300
Pool
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCummings & Co. Realtors
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Overview

Incredible investment opportunity! Turnkey, occupied subsidized rental with 14+ YEAR TENANCY and strong flip potential – this booming corridor supports post-renovation values of $345K! Currently leased through the Section 8 program for a whopping $1,836 per month, this well-maintained end-unit is an investor’s dream. 2421 E Madison St boasts three finished levels, exposed brick, LVP flooring, recessed lighting, and modern kitchen updates including cabinetry, countertops, and appliances. Bathrooms have been tastefully remodeled, and the finished basement features a sleek cut-out stair design that adds architectural interest. With a written lease, LEAD FREE lead certificate, and rental license in hand along with being in compliance with Section 8 inspections, this is a true plug-and-play rental. It’s also located just .5 miles from renowned Johns Hopkins Hospital and Baltimore’s beloved Patterson Park, complete with walking paths, tennis courts, ballfields, a skating rink, lake, swimming pool, and year-round events! Don’t miss your chance to add this outstanding property to your rental portfolio today! Interested in a potential future flip? This home could achieve a sales price of $345K! See 2315 Ashland Ave – just 2.5 blocks from 2421 E Madison St, similar size, also 4 bedrooms, with a finished basement and sold for $345K on 2/10/2025. See 2220 E Madison St, just 3.5 blocks from 2421 E Madison St, similar size and sold for $341,960 on 12/27/2024. This one won’t last long!

Location

Full feature list

Basic info

Property type
Townhouse
Number of bedrooms
4
Number of bathrooms
3
Square feet
1,300
Lot size (acres)
0.02
Year built
1920

Interior features

Basement
Yes, Finished

Exterior features

Pool
Yes

Utilities

Heating
Natural gas, Forced air
Cooling
None
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2024)
$960

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: MDBA2170622 Last checked:

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