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$450,000

For Sale

A day ago

942 N Broadway, Baltimore, MD

Townhouse

MLS® MDBA2221552

5 Bed

6 Bath

1806 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Townhouse
Levels Residential
Size 1806 sqft
Garage 
Taxes $1,770
Days Active 1
Lot Size 0.02 Acres
Approx. Age 1920
Avg. Price Per Sqft $249
MLS® Number MDBA2221552

Property Address: 942 N Broadway, BALTIMORE, MD, 21205-1120

Average square foot calculated using Size range provided by listing agent.

Description

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
MLS® NumberMDBA2221552
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
BasementUnfinished
DrivewayOn Street
Garage Spaces
HeatCentral, Natural Gas
A/CCentral A/C, Electric

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 30, 2026List Date
$450,000List Price

Home Appraisal

This property is estimated to sell between: $316,000 and $517,000.
Similar properties in this area sold on average for: $316,666
Expect to pay under asking. 67% of similar properties sold for less than the asking price.
Expected to sell in 74 days. Similar properties sold in 75 days. This home has been on eXp Realty for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
942 N Broadway, Baltimore, MD

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