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
$350,000
- 3 Beds
- - Baths
- 20,000 sq. ft.
- Multi-family
- Active
Listed by: thomas h fair
Office: ben frederick realty, inc.
MLS#:MDBA2221274
Source:BRIGHTMLS
Price summary
- Price:$350,000
- Price per sq. ft.:$17.5
About this home
2405 Barclay Street offers a unique opportunity for an owner-occupant seeking to build long-term wealth through real estate. By living in one apartment and renting the remaining two, a purchaser can offset a significant portion of the monthly housing expense while benefiting from rental income, principal reduction, and future appreciation.
With three one-bedroom apartments, individual utilities, and below-market rents that offer future upside, the property provides both immediate housing and the opportunity to grow cash flow over time as apartments turn over.
Example Owner-Occupant Financing Scenario*
●3.5% Down Payment
●Purchase Price: $369,000
●Loan Amount: $356,085
●Interest Rate: 6.00%
●30-Year Fixed Mortgage
●Estimated Monthly PITI + Mortgage Insurance: $3,064
●Rental Income from Two Apartments: $2,600/month
●Estimated Monthly Housing Cost for Owner: Approximately $464/month
*Illustrative financing example only. Financing programs, down payment requirements, occupancy requirements, and loan approval vary by lender.
For investors, at $116,667 per unit, 2405 Barclay Street offers a lower-cost opportunity to acquire a three-unit apartment building in one of central Baltimore's most renter-supported neighborhoods. Recent census data indicates that 58% of neighborhood households rent their homes, while the surrounding housing stock remains predominantly single-family, helping support continued demand for apartment housing.
Current rents remain below market, creating an opportunity to increase income as apartments turn over. For an investor utilizing conventional financing with a 20% down payment, the property produces a projected 8.75% capitalization rate and a 10.2% cash-on-cash return at market rents, illustrating the long-term income potential available through market rent alignment....
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Home facts
- Year built:1900
- Listing ID #:MDBA2221274
- Added:2 day(s) ago
- Updated:June 29, 2026 at 10:25 AM
Rooms and interior
- Bedrooms:3
- Basement:Yes
- Basement Description:Interior Access, Unfinished
- Living area:20,000 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Electric, Heat Pump(s)
Structure and exterior
- Year built:1900
- Building area:20,000 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:$350,000
- Price per sq. ft.:$17.5
- Tax amount:$3,894 (2025)
Parking
- Parking description:On Street
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