702 Homestead St, Baltimore, MD 21218

Baltimore
Local realty services provided by:Better Homes and Gardens Real Estate Premier
702 Homestead St,Baltimore, MD 21218
$380,000
  • 8 Beds
  • - Baths
  • 1,920 sq. ft.
  • Multi-family
  • Active
Listed by: will a cannon iii
Office: ben frederick realty, inc.
MLS#:MDBA2221048
Source:BRIGHTMLS

Price summary

  • Price:$380,000
  • Price per sq. ft.:$197.92

About this home

● Price Improved to $380,000 with Strong Projected Returns: 9.70% cap rate and 13.4% projected cash-on-cash return, with two units rented and two available for immediate lease-up. ● Below-Market Rents Offer Organic Upside: Gradual rent increases can improve returns without major capital investment. ● Strong Physical Condition: 2020 roof, replacement wood windows, and updated plumbing help minimize future repair expenses. ● Walkable Location Near Daily Essentials: Giant, Ace Hardware, the YMCA, Enoch Pratt Library, and the year-round 32nd Street Farmers Market are all within a 4-minute walk, supporting consistent rental demand. Owner Occupant Opportunity! Purchase with just 3.5% down using 96.5% LTV financing, live in one of the two-bedroom apartments, and collect projected rents from the other three apartments that exceed the total monthly PITI and PMI by approximately $103/month. In this scenario, rental income covers the entire projected housing payment. With 20% down using...

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Home facts

  • Year built:1920
  • Subdivision & Development:BETTER WAVERLY HISTORIC DISTRICT
  • Listing ID #:MDBA2221048
  • Added:94 day(s) ago
  • Updated:September 28, 2026 at 01:56 PM

Rooms and interior

  • Bedrooms:8
  • 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:$380,000
  • Price per sq. ft.:$197.92
  • Tax amount:$6,662 (2026)

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