702 Homestead St, Baltimore, MD 21218
Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
702 Homestead St,Baltimore, MD 21218
$395,000
- 6 Beds
- - Baths
- 1,920 sq. ft.
- Multi-family
- Active
Listed by: thomas h fair
Office: ben frederick realty, inc.
MLS#:MDBA2221048
Source:BRIGHTMLS
Price summary
- Price:$395,000
- Price per sq. ft.:$205.73
About this home
● Strong Cash Flow Potential in a Growing Neighborhood — 12.1% projected ROI at market rents..
● Strong Physical Condition — 2020 roof, replacement wood windows, individual HVAC units, and updated plumbing minimize repair expenses.
● Walkable Location Near Daily Essentials — Tenants enjoy access to Giant, Ace Hardware, the YMCA, and a year-round farmers market—all within a 4-minute walk—supporting consistent rental demand.
Owner-Occupant Financing Scenarios:
A: House Hack with FHA Financing: Purchase with just 3.5% down, occupy one apartment, and projected rental income from the other three apartments is essentially equal to your entire monthly PITI and PMI.
B: Prefer Conventional Financing? Put 20% down and collect rent from the other three apartments. Your projected monthly housing cost is only $729 per month—less than renting a comparable two-bedroom apartment in Better Waverly while building equity in your own apartment building. (Call us for details)
702 Homestead Street features four two-bedroom apartments. Kitchens include laminate countertops, wood cabinets, 30" gas ranges, dishwashers, and stainless steel sinks, with some garbage disposals. Bathrooms are equipped with modern vanities, steel tubs, and ceramic tile tub surrounds. Flooring includes carpet in the living areas and ceramic tile in the kitchens and bathrooms. Each apartment includes washer and dryer hookups, allowing tenants to install their own in-unit laundry.
The building features a 2020 asphalt shingle roof and separately metered gas and electric service, making ownership and expense allocation straightforward. Each apartment is served by its own gas-fired furnace with central air conditioning and individual electric water heater. Supply lines are C-PVC and drain lines are PVC. The owner currently pays water and sewer, creating an opportunity for a future owner to implement a utility reimbursement program and improve net operating income.
Better Waverly is a neighborhood where approximately 51% of residents own their homes, contributing to well-maintained properties, attractive streetscapes, and long-term neighborhood stability. The property is located just 0.2 miles—or a 4-minute walk—from Giant, Ace Hardware, the YMCA, and the Enoch Pratt Library. The year-round 32nd Street Farmers Market is just a few blocks away, while Johns Hopkins University's Homewood Campus is less than one mile away. Numerous nearby renovation projects continue to demonstrate private investment and confidence in the neighborhood's future....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:MDBA2221048
- Added:1 day(s) ago
- Updated:June 27, 2026 at 04:36 PM
Rooms and interior
- Bedrooms:6
- Living area:1,920 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1920
- Building area:1,920 sq. ft.
- Lot area:0.09 Acres
- Architectural Style:Converted Dwelling
- Construction Materials:Frame
- Foundation Description:Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$395,000
- Price per sq. ft.:$205.73
- Tax amount:$6,662 (2026)
New listings near 702 Homestead St
- Coming Soon
$390,000Coming Soon3 beds 1 baths102 Sycamore Rd, BALTIMORE, MD 21226
MLS# MDAA2149958Listed by: RE/MAX EXECUTIVE - Coming Soon
$265,900Coming Soon5 beds 2 baths1930 Northbourne Rd, BALTIMORE, MD 21239
MLS# MDBA2218526Listed by: SAMSON PROPERTIES - New
$394,500Active1 beds 2 baths1,461 sq. ft.1200 Steuart St #528, BALTIMORE, MD 21230
MLS# MDBA2220066Listed by: COMPASS - New
$180,000Active3 beds 3 baths1,260 sq. ft.2627 Barclay St, BALTIMORE, MD 21218
MLS# MDBA2221148Listed by: KELLER WILLIAMS PREFERRED PROPERTIES - Coming Soon
$575,000Coming Soon3 beds 3 baths2812 Saint Paul St, BALTIMORE, MD 21218
MLS# MDBA2221324Listed by: MONUMENT SOTHEBY'S INTERNATIONAL REALTY - New
$149,900Active3 beds 2 baths1,822 sq. ft.2309 N Rosedale St, BALTIMORE, MD 21216
MLS# MDBA2221338Listed by: BENNETT REALTY SOLUTIONS - New
$69,900Active3 beds 1 baths1,120 sq. ft.615 Montpelier St, BALTIMORE, MD 21218
MLS# MDBA2221346Listed by: BENNETT REALTY SOLUTIONS - New
$199,000Active2 beds 2 baths1,172 sq. ft.1145 W Cross St, BALTIMORE, MD 21230
MLS# MDBA2221356Listed by: FAIRFAX REALTY OF TYSONS - New
$149,000Active3 beds 2 baths896 sq. ft.3220 Elmley Ave, BALTIMORE, MD 21213
MLS# MDBA2221360Listed by: CENTURY 21 NEW MILLENNIUM - Coming Soon
$299,900Coming Soon3 beds 3 baths12 White Laurel Ct, BALTIMORE, MD 21220
MLS# MDBC2167854Listed by: SAMSON PROPERTIES
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2026 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.