2405 Barclay St, Baltimore, MD 21218
Local realty services provided by:Better Homes and Gardens Real Estate Murphy & Co.
2405 Barclay St,Baltimore, MD 21218
$300,000
- 3 Beds
- - Baths
- 2,000 sq. ft.
- Multi-family
- Active
Listed by: will a cannon iii
Office: ben frederick realty, inc.
MLS#:MDBA2221274
Source:BRIGHTMLS
Price summary
- Price:$300,000
- Price per sq. ft.:$150
About this home
LIVE IN ONE APARTMENT FOR AN ESTIMATED $79/MONTH — OR INVEST AT A PROJECTED 10.21% CAP RATE AND 14.1% CASH-ON-CASH RETURN.
Now offered at $300,000, 2405 Barclay Street creates two compelling paths for buyers. For an owner-occupant, the property now passes the FHA self-sufficiency test. With 3.5% down, projected rents of $2,600 per month from the other two apartments reduce the estimated monthly housing cost to $79. Ask us for details! For investors, current rents remain below market, creating an opportunity to increase income as apartments turn over, with projected market rents supporting a 10.21% cap rate and 14.1% cash-on-cash return.
2405 Barclay Street is a licensed three-unit apartment building consisting of three one-bedroom apartments. Each apartment has a practical layout and includes a stacked washer and dryer. Kitchens feature wood cabinetry, mostly laminate countertops, electric ranges, and stainless-steel sinks. Bathrooms include modern vanities and steel tubs with ceramic tile surrounds. Cosmetic improvements have been completed during current ownership.
2405 Barclay has a straightforward all-electric utility configuration. Each apartment is served by its own heat pump with central air conditioning and its own 40-gallon electric water heater. The building has four electric meters and tenants pay for their own electric usage. The water heaters were replaced in 2024.
Located in Baltimore's Barclay neighborhood, the property is convenient to Johns Hopkins University, Penn Station, Charles Village, and the Station North Arts District. Recent census data indicates that 58% of neighborhood households rent their homes, while most of the surrounding housing stock consists of single-family residences. For apartment owners, this provides an established renter base without a high concentration of larger multifamily buildings.
At $300,000, 2405 Barclay Street offers an opportunity for an owner-occupant to use rental income to substantially offset the cost of homeownership or for an investor to acquire three apartments with income in place and additional upside as rents move toward market....
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Home facts
- Year built:1900
- Subdivision & Development:BARCLAY
- Listing ID #:MDBA2221274
- Added:94 day(s) ago
- Updated:September 29, 2026 at 01:40 PM
Rooms and interior
- Bedrooms:3
- Basement:Yes
- Basement Description:Interior Access, Unfinished
- Living area:2,000 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Electric, Heat Pump(s)
Structure and exterior
- Year built:1900
- Building area:2,000 sq. ft.
- Lot area:0.03 Acres
- Architectural Style:Converted Dwelling
- Construction Materials:Brick
- Foundation Description:Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$300,000
- Price per sq. ft.:$150
- Tax amount:$3,894 (2025)
Parking
- Parking description:On Street
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