2,322 SqFt
2,322 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,322 sqft
Price per Sqft $83
Subdivision Barclay
MLS Listing ID MDBA2206192
Style Converted Dwelling
Abv Grd Liv Area 2,322
Year Built 1890
Annual Tax Amount $2,967
Tax Year 2025
Lot Size 1,206 Sqft
Acres 0.03
Lot Dimensions 15'6\" x 80'
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Now offered at $195,000, this three-unit building is priced at just $65,000 per unit and $84 per square foot. The unit mix includes 2 two-bedroom apartments and 2 one-bedroom apartment, giving a buyer a manageable multifamily asset with meaningful upside.
At projected market rents, the property shows an 11.20% cap rate and an 18.4% projected cash-on-cash return. Current rents are below market, leaving room for a new owner to improve income through rent increases and renovations.
The building is separately metered with four electric meters and three gas meters. The landlord currently pays public service bills and one apartment's electric meter, but a future owner may be able to modify lease terms so tenants pay more of their own utilities.
Barclay is centrally located between Station North and Charles Village, about five blocks north of Penn Station. Tenants have walkable access to MARC and Amtrak service, with connections to Washington, D.C., New York City, and the broader Northeast corridor. Johns Hopkins University, I-83, and downtown Baltimore are also nearby.
This is not a polished, turnkey building — and that is the opportunity. For an investor who wants a multifamily property at a low per-unit price, and the ability to make their own decisions on renovation scope and finishes, 112 East 20th Street is worth a serious look.
Location
State MD
County Baltimore City
Zoning R-8
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Inclusions 3 gas ranges, 2 refrigerators
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Rubber
Accessibility None
Garage N
Building
Foundation Stone
Above Ground Finished SqFt 2322
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312083808 026
Ownership Fee Simple
SqFt Source 2322
Special Listing Condition Standard
Nearby Locations
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