305 West Madison Street
Description
The property at 305 W Madison St, Baltimore, MD 21201 is a five-unit multifamily building with a mix of studio and one-bedroom units. Some of the units have already been renovated, and the property includes onsite laundry facilities, offering added convenience for tenants and an additional income stream for investors. Value-Add Potential
The property offers substantial value-add potential for investors, with the opportunity to increase rents by 59%, or approximately $200 per unit....Property Overview
The property at 305 W Madison St, Baltimore, MD 21201 is a five-unit multifamily building with a mix of studio and one-bedroom units. Some of the units have already been renovated, and the property includes onsite laundry facilities, offering added convenience for tenants and an additional income stream for investors. Value-Add Potential
The property offers substantial value-add potential for investors, with the opportunity to increase rents by 59%, or approximately $200 per unit. This creates a clear path to significantly enhance cash flow and maximize returns. With a handful of units already renovated investors can implement additional improvements to the remaining units to further boost rental income and overall property value. Additionally, the onsite laundry offers further income-generating potential. Location and Area Benefits
Located in the heart of Baltimore, the property is close to major institutions such as Johns Hopkins University and the University of Maryland Medical Center, offering proximity to key employment centers. Nearby universities like the University of Baltimore and Maryland Institute College of Art (MICA) also enhance the area's appeal. The property benefits from easy access to major highways such as I-83 and I-95, and is close to the State Center subway station, ensuring excellent transportation options. Additionally, being near an Opportunity Zone provides potential tax incentives for investors.
- Listed by Menachem M. Dalfin • Midfield RealtyP: (410)-498-5408 yaakov@midfieldre.com
Property Details for 305 West Madison Street
Property Details for 305 West Madison Street
| Status | Active |
|---|---|
| MLS # | MDBA2141324 |
| Days on Market | 15 |
| Taxes | $5,906 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Other |
| Year Built | 1900 |
| Lot Size | - |
| County | Baltimore |
Building
305 W Madison St
Building Information for 305 West Madison Street
Property Information for 305 West Madison Street
- In City Limits: Yes
- School District Name: BALTIMORE CITY PUBLIC SCHOOLS
- School District County ID: 121137830454
- SchoolDistrictSource: Listing Agent
- County: BALTIMORE CITY
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2025
- Tax Assessed Value: $250,267
- City Town Tax: $5,626
- Clean Green Assessed: No
- Land Use Code: C
- Section: 10
- Zoning: C-1
- Tax Lot: 036
- School Tax: $0
- Automatically Update Tax Values Y/N: Yes
- Single Room Units Count: 3
- One Bedroom Units Count: 3
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 0
- Year Major Reno Remodel: 2021
- Building Units Total: 1
- Total Finished SQFT: .00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: .00
- Total SQFT: .00
- Total SQFT Source: Assessor
- Construction Materials: Other
- Roof: Flat
- Other Structure: Above Grade, Below Grade
- Parcel ID: 12948220
- Type Of Parking: On Street
- Fireplace: No
- Accessibility Features: None
- Door Features: Double Entry
- Pool: No Pool
- Heating: Yes
- Cooling Type: Window Unit(s)
- Cooling Fuel: Other
- Heating Type: Radiator
- Heating Fuel: Other
- Hot Water: Other
- Water Source: Other
- Sewer Septic: Other
Property History for 305 West Madison Street
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 305 West Madison Street
Schools near 305 West Madison Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 7 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Booker T. Washington Middle School Public6 to 8 | ||
Digital Harbor High School Public9 to 12 | ||
Paul Laurence Dunbar 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Midfield Realty
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