942 N Broadway, Baltimore, MD 21205
Local realty services provided by:Better Homes and Gardens Real Estate Cassidon Realty
942 N Broadway,Baltimore, MD 21205
$450,000
- 5 Beds
- 6 Baths
- 1,806 sq. ft.
- Townhouse
- Active
Listed by: song m. hong
Office: turn key homes litmited libability
MLS#:MDBA2221552
Source:BRIGHTMLS
Price summary
- Price:$450,000
- Price per sq. ft.:$249.17
About this home
Executive Summary
Fully renovated, stabilized income-producing property configured as five private bedroom suites
with five full baths and one half bath. The property is 100% occupied with newly signed one-year
leases and has a proven operating history serving Johns Hopkins students and healthcare
professionals.
Property Highlights
• Approx. 2,400–2,500+ SF
• 5 Bedrooms / 5 Full Baths / 1 Half Bath
• Dual HVAC systems
• Two laundry rooms
• New plumbing, electrical, HVAC
• Excellent condition
• Fully occupied
Rent Roll
Four rooms at $950/month and one room at $875/month. Gross monthly income: approximately
$4,675. Gross annual income: approximately $56,100.
Operating Summary
Owner-paid utilities are approximately $700/month. Home warranty approximately $75/month. No
HOA. Mortgage approximately $1,800/month (includes escrow; mortgage is not used in NOI
valuation).
Investment Thesis
The property is best marketed as a turnkey, cash-flowing investment rather than a traditional
single-family residence. Fresh leases, multiple income streams, and proximity to Johns Hopkins
distinguish it from many nearby properties.
Valuation Discussion
Residential comparable sales and the income approach should both be considered. The
appropriate asking price should ultimately be supported by verified comparable sales, legal rental
configuration, and documented operating income.
Marketing Strategy
Target investor buyers seeking immediate cash flow, student housing, healthcare-worker housing,
or long-term hold opportunities. Emphasize occupancy, renovation quality, and operational history.
Next Steps
This memorandum is a preliminary package. A final broker-quality offering memorandum should
incorporate current comparable sales, neighborhood maps, charts, verified operating statements,
and professional photography.
Current Rent Roll
Room
Monthly Rent
1-$950
2-$950
3-$950
4-$950
5-$875
Total
$4,67...
Contact an agent
Home facts
- Year built:1920
- Listing ID #:MDBA2221552
- Added:1 day(s) ago
- Updated:June 30, 2026 at 10:18 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:6
- Full bathrooms:5
- Half bathrooms:1
- Basement:Yes
- Basement Description:Unfinished
- Living area:1,806 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Central, Natural Gas
Structure and exterior
- Year built:1920
- Building area:1,806 sq. ft.
- Lot area:0.02 Acres
- Architectural Style:Traditional
- Construction Materials:Brick
- Foundation Description:Block
- Levels:3 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$450,000
- Price per sq. ft.:$249.17
- Tax amount:$1,770 (2025)
Parking
- Parking description:On Street
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