Features & Amenities

Interior

  • Other Interior Features

    Recessed Lighting, Ceiling Fan(s), Open Floorplan

  • Total Bedrooms

    4

  • Bathrooms

    3

  • Above Grade Finished Area

    1920.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s), Electric

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Electric, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Concrete, Off Street, On Street

  • Patio and Porch Features

    Deck, Porch

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.07

  • Lot Size(square feet)

    2,858

  • Property Type

    Residential

  • Property Sub Type

    Townhouse

  • Architectural Style

    Federal

Price

  • Sales Price

    $450,400

  • Tax Amount

    $4,703

  • Financing Options

    FHA, Conventional, Cash, VA

  • Sq. Footage

    2,520

  • Price/SqFt

    $178

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Brick/Mortar

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    065

  • Water Source

    Public

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Listing Courtesy of Gabriel M Dutton, Keller Williams Gateway LLC

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2321 Madison Avenue is a stunning 4-bedroom, 3 full bath home that was completely renovated from the inside out with all new plumbing, electrical, and mechanical systems, giving you the beauty of a historic Reservoir Hill rowhome with the confidence of everything being brand new underneath.
The main level is designed for both everyday comfort and effortless entertaining, with an open layout connecting a gorgeous chef’s kitchen to a warm living space centered around a beautiful fireplace. The kitchen features custom cabinetry, an oversized island, stainless appliances, and elevated finishes that set the tone for the rest of the home. Each bedroom is generously sized, the bathrooms are beautifully finished throughout, and the fully finished lower level gives you flexible space to make your own. A private 2-car parking pad and a fully fenced backyard complete this home perfectly.
The neighborhood is a genuine highlight. Reservoir Hill sits on the National Register of Historic Places and borders Druid Hill Park, one of the oldest public parks in the country. The Maryland Zoo and the beloved Rawlings Conservatory are right at your doorstep, Druid Lake is in the midst of an exciting public transformation bringing new recreational amenities to the park, and a major mixed-use development along North Avenue is bringing fresh retail and energy to the corridor. Baltimore Penn Station with access to Amtrak and MARC is just minutes away.
Don’t miss out on this phenomenal opportunity to own this beautifully renovated home in one of Baltimore’s most historic and sought after neighborhoods. Schedule your private tour today!

2321 MADISON AVENUE

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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
Turn Key Home, furniture included.
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