USAMDBaltimoreNone Available2405 Barclay St

New

$350,000

For Sale

A day ago

2405 Barclay St, Baltimore, MD

Name: 2405 Barclay St, For Sale in Baltimore - eXp Realty
Brand: Ben Frederick Realty, Inc.
SKU: MDBA2221274
Price: 350000 USD

House

MLS® MDBA2221274

0 Bed

0 Bath

20000 sqft

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size 20000 sqft

Garage

Taxes $3,894

Days Active 1

Lot Size 0.03 Acres

Approx. Age 1900

Avg. Price Per Sqft $17

MLS® Number MDBA2221274

Property Address: 2405 Barclay St, BALTIMORE, MD, 21218-5367

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

Description

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.

MLS® NumberMDBA2221274

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1900

BasementUnfinished, Interior Access

DrivewayOn Street

Garage Spaces

HeatHeat Pump(s), Electric

A/CCentral A/C, Electric

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 26, 2026List Date

$350,000List Price

Commute

Commute

Starting Address

Destination Address

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