USAMDBaltimoreMadison Park Historic District1407 Mcculloh St

$475,000

For Sale

4 months ago

1407 Mcculloh St, Baltimore, MD

Name: 1407 Mcculloh St, For Sale in Baltimore - eXp Realty
Brand: Ben Frederick Realty, Inc.
SKU: MDBA2195910
Price: 475000 USD

House

MLS® MDBA2195910

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage

Taxes $1,657

Days Active 122

Lot Size

Approx. Age 1920

MLS® Number MDBA2195910

Property Address: 1407 Mcculloh St, BALTIMORE, MD, 21217-3459

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

Description

Located in Madison Park—where approximately 76% of residents are renters—this property benefits from a deep tenant pool and historically low vacancy. In-unit laundry throughout enhances rentability and supports higher market rents, while multiple built-in paths to increased cash flow. Apartment Mix: 1 Three-Bedroom; 1 Two-Bedroom; 3 One-Bedroom. The apartments feature straightforward, low-maintenance finishes that appeal to today’s city renter. Kitchens include a mix of butcher-block and laminate countertops, wood cabinetry, and stainless-steel sinks. Bathrooms offer modern vanities and pedestal sinks with ceramic or vinyl tile flooring. Living areas are primarily hardwood, with some laminate plank flooring. Front windows are original wood single-pane, with vinyl replacement windows at the rear. Each unit has in-suite laundry, enhancing rentability and long-term income potential. Utilities & Systems Five electric meters (200-amp total service) Four gas meters plus one additional hook-up Heat systems include gas-fired forced air (3 units), mini-split (1 unit), and electric baseboard (1 unit) First-floor unit shares a water heater; upper units each have dedicated heaters Water supply lines observed as copper, CPVC, and steel; PVC drain lines The owner currently pays for common electric and water/sewer. Two units are billed back for water at $35/month; extending billbacks to the remaining units provides a clear opportunity to increase net income. Neighborhood & Location Madison Park sits just south of neighboring Bolton Hill and offers convenient access to Penn Station, Downtown Baltimore, and major commuter routes. The nearby Reservoir Square redevelopment is set to introduce new grocery and retail options, while Druid Hill Park—home to the Baltimore Zoo—is close by. Investment Highlights Price: $475, 000 $95, 000 per unit $144 per square foot 8.3× GRM (Actual) | 6.5× GRM (Market) 9.74% Cap Rate 12.2% Projected Cash-on-Cash Return

MLS® NumberMDBA2195910

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1920

Basement

DrivewayParking Lot

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Dec 23, 2025List Date

$475,000List Price

Commute

Commute

Starting Address

Destination Address

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