$ 675,000 $ 675,000

1816 MADISON AVE

Baltimore, MD 21217

  • 3,135 SqFt
  • 1920 Year Built
Welcome to this meticulously remodeled triplex, ideal for investors or owner-occupants seeking a move-in-ready property with significant rental potential. This three-unit building includes two spacious 3-bedroom, 2-bath apartments on the first and second floors, each with a private ensuite bath. The third-floor unit features a well-designed 2-bedroom, 2-bath layout, also with an ensuite for added comfort.

Highlights of this property include:
All-new vinyl flooring throughout each unit
Brand-new kitchen appliances with warranties, ensuring reliability and longevity
All-new windows, HVAC systems with new ductwork, and updated gas lines
Fully overhauled plumbing, including new drain and supply lines
Separate meters for each unit, plus a common area meter for shared spaces
Each unit showcases a modern kitchen with soft-close shaker cabinets, granite countertops, and a subway tile backsplash. The metal fire escape has been recently repaired and painted, ensuring safety and durability. The building also boasts a converted rear parking lot with spaces for up to four cars, an invaluable feature for tenants.

The spacious basement includes an owner's closet and hookups for two laundry systems, providing the potential to add coin-operated machines for extra income. With FHA loan eligibility and extensive upgrades, this triplex combines modern comforts with excellent income potential and minimal upkeep.

Don't miss this rare opportunity to own a turnkey rental property that's ready to generate income from day one.
Listed by Tyler Chase Kincer of VYBE Realty , Sold By Washeka Brown of EXP Realty, LLC

PROPERTY DETAIL

  • Key Details

    Sold Price $675,000

    Property Type Multi-Family

    Sub Type Interior Row/Townhouse

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 3, 135 sqft

    Price per Sqft $215

    Subdivision Madison Park Historic District

    MLS Listing ID MDBA2146064

    Sold Date 12/05/24

    Style Traditional

    Abv Grd Liv Area 3,135

    Year Built 1920

    Annual Tax Amount $7,148

    Tax Year 2024

    Property Sub-Type Interior Row/Townhouse

    Source BRIGHT

  • Location

    State MD

    County Baltimore City

    Zoning R-7

  • Building

    Foundation Brick/Mortar

    Above Ground Finished SqFt 3135

    Sewer Public Sewer

    Water Public

    Architectural Style Traditional

    Additional Building Above Grade, Below Grade

    Structure Type Dry Wall,High

    New Construction N

  • Interior

    Interior Features Floor Plan - Open, Primary Bath(s), Upgraded Countertops

    Hot Water Natural Gas

    Heating Forced Air

    Cooling Central A/C

    Flooring Ceramic Tile, Laminate Plank, Luxury Vinyl Plank

    Equipment Built-In Microwave, Refrigerator, Stainless Steel Appliances, Oven/Range - Gas, Stove

    Fireplace N

    Window Features Double Pane,Replacement

    Appliance Built-In Microwave, Refrigerator, Stainless Steel Appliances, Oven/Range - Gas, Stove

    Heat Source Natural Gas

  • Exterior

    Garage Spaces 4.0

    Water Access N

    Roof Type Built-Up

    Accessibility 2+ Access Exits

    Total Parking Spaces 4

    Garage N

  • Schools

    School District Baltimore City Public Schools

  • Others

    Tax ID 0314130330 009

    Ownership Fee Simple

    SqFt Source 3135

    Special Listing Condition Standard

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