2617 East Fayette Street

Baltimore, MD 21224

$399,900
Price
Beds
Baths
4,746 Sq. Ft.
$84 / Sq. Ft.
4,746
Sq. Ft.
$84
per Sq. Ft.

Description

What a Fantastic investment opportunity! $133K/Building is an unreal value, and the potential for an 11% CAP Rate is very realistic! The property consists of three row homes 2615, 2617, & 2619 E Fayette St. The units at 2615 & 2617 E Fayette are combined where 2615 is the entire top floor of both units set up as a residential apartment a 3 Bedroom 2 Bath apartment with full kitchen and living space, currently vacant and ready to rent. 2617 is the bottom floor of both units set up for office space,...What a Fantastic investment opportunity! $133K/Building is an unreal value, and the potential for an 11% CAP Rate is very realistic! The property consists of three row homes 2615, 2617, & 2619 E Fayette St. The units at 2615 & 2617 E Fayette are combined where 2615 is the entire top floor of both units set up as a residential apartment a 3 Bedroom 2 Bath apartment with full kitchen and living space, currently vacant and ready to rent. 2617 is the bottom floor of both units set up for office space, but could easily be converted to a residential apartment, it was previously used as commercial space, and has 2 adjoining offices, 1 bathroom, a full kitchen, and a large open space, the opportunities in this space are endless! There is plenty of opportunity to reconfigure as needed, it is currently vacant. Building 2619 is a 4 bedroom 2 bathroom row home with a standard configuration, and this unit is rented for $1850/month and the lease expires September 2025. The roof across all three buildings were done 3 years ago, the furnace in 2619 replaced 3 years ago, the furnace in 2615 is 4 years old, new windows were installed in the basement. The sewer line for 2617 was replaced last year and the lines for 2615 have been updated to PVC within the last few years. There is 1 electric meter for all three units and 1 water bill for all three, 2615 has a separate gas meter but 2617 & 2619 share 1 gas meter. Buyer to verify potential use. The possibilities with this unique property are endless.
  1. Listed by Saul Kloper • EXIT On The Harbor Realty
    P: (410)-913-0771 saul@exitontheharbor.com

Property Details for 2617 East Fayette Street

Tax ID Number
0306151710 037
Ownership
Ground Rent
Structure Type
End of Row/Townhouse
Style
Federal
Waterfront
No
Garage
No
Legal Subdivision
Ward 6
Municipality
Baltimore City
LISTING UPDATED: 01/23/2025 03:49 PM

Property Details for 2617 East Fayette Street

StatusPending
MLS #MDBA2142342
Days on Market90
Taxes$5,172 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Ground Rent
Year Built1900
Lot Size0.07 AC / 3,087 SF
CountyBaltimore Independent City

Building Information for 2617 East Fayette Street

Stories-Residences3Year Built1900Building Size-Lot Size0.07 AC / 3,087 SF

Property Information for 2617 East Fayette Street

Location
Location
  • In City Limits: Yes
  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS
  • School District County ID: 121137830454
  • SchoolDistrictSource: Listing Agent
  • County: BALTIMORE CITY
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $219,167
  • Year Assessed: 2024
  • County Tax: $245
  • Improvement Assessed Value: $70,100
  • City Town Tax: $4,927
  • Land Assessed Value: $24,600
  • Clean Green Assessed: No
  • Land Use Code: R
  • Section: 15
  • Zoning: C-1
  • Tax Lot: 037
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 2
Financial Information
Expenses
  • Income Expense List: Annual Ground Rent
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 4,746.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Parcel ID: 12915469
  • Ground Rent Exists: Yes
  • Ground Rent Amount: $65
  • Ground Rent Payment Frequency: Annually
  • Capitalized Value-Ground Rent: $1,083
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: Other
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Baltimore Board of REALTORS

Property History for 2617 East Fayette Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2617 East Fayette Street

Taxable ValueLand-Additions-Total-
Tax Record2023$3,704 ($309 / month)
Home Facts
Total Finished SqFt4,746 SqFtAbove Grade Finished SqFt4,746 SqFtStories2Lot Size3,087 SqFtStyleOffice BuildingYear Built1900ZoningC-1CountyBALTIMORE CITYAPN06-15-1710 -037

Schools near 2617 East Fayette Street

This home is within Baltimore City Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 7
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
William Paca Elementary School
PublicPK to 7

Booker T. Washington Middle School
Public6 to 8

Digital Harbor High School
Public9 to 12

Patterson High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of EXIT On The Harbor Realty

© 2025 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 01/23/2025 03:49 PM