321 South Payson Street

Baltimore, MD 21223

$175,000
Price
8
Beds
4
Baths
2,750 Sq. Ft.
$64 / Sq. Ft.
2,750
Sq. Ft.
$64
per Sq. Ft.

Description

321 S Payson St has undergone renovations over the years and has generated $4,200+ per month in rental income when fully occupied. Perfect for both savvy investors and aspiring house hackers, it offers two spacious 3-bedroom, 1-bath units and two 1-bedroom, 1-bath units, making a total of four separate units. Located in the up and coming neighborhood of Carrollton Ridge. With ongoing renovations and a wealth of state & city grants available, this area is rapidly transforming. Don’t miss this chance...321 S Payson St has undergone renovations over the years and has generated $4,200+ per month in rental income when fully occupied. Perfect for both savvy investors and aspiring house hackers, it offers two spacious 3-bedroom, 1-bath units and two 1-bedroom, 1-bath units, making a total of four separate units. Located in the up and coming neighborhood of Carrollton Ridge. With ongoing renovations and a wealth of state & city grants available, this area is rapidly transforming. Don’t miss this chance to secure a prime piece of real estate with excellent cash flow potential! Though it is currently partially occupied, tenants are on month to month leases and the property can be conveyed vacant at closing if desired.
  1. Listed by Rahsaan Beane • United Real Estate Executives
    P: (410)-245-0413 brahsaan@gmail.com

Property Details for 321 South Payson Street

Tax ID Number
0320120274 046
Ownership
Ground Rent
Structure Type
Detached
Style
Federal, Dwelling with Rental
Waterfront
No
Views
City
Garage
No
Expected On Market Date
11-21-2024
LISTING UPDATED: 11/21/2024 12:08 AM

Property Details for 321 South Payson Street

StatusActive
MLS #MDBA2147500
Days on Market5
Taxes$598 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Ground Rent
Year Built1920
Lot Size0.04 AC / 1,584 SF
CountyBaltimore Independent City

Building Information for 321 South Payson Street

Stories-Residences4Year Built1920Building Size-Lot Size0.04 AC / 1,584 SF

Property Information for 321 South Payson 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: $25,333
  • Year Assessed: 2024
  • County Tax: $28
  • Improvement Assessed Value: $13,000
  • City Town Tax: $569
  • Land Assessed Value: $7,000
  • Clean Green Assessed: No
  • Land Use Code: R
  • Section: 12
  • Zoning: R-8
  • Tax Lot: 046
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: All Utilities
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 2
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 2
  • Number Of Units Vacant: 2
  • Number Of Units Month To Month: 2
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Level: 1
  • Unit Type Finished SQFT: 900
  • Beds Total: 3
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: No
  • Level: 2
  • Unit Type Finished SQFT: 900
  • Beds Total: 3
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Beds Total: 1
  • Full Baths Count: 1
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Beds Total: 1
  • Full Baths Count: 1
Financial Information
Expenses
  • Income Expense List: Annual Ground Rent
Financial Information
  • Annual Rental Income: $50,400
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Building Level Count: 4
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 16 x 99
  • Lot Dimensions Source: Estimated
  • Lot Features: Adjoins - Open Space
  • Parcel ID: 13013908
  • Ground Rent Exists: Yes
  • Ground Rent Amount: $60
  • Ground Rent Payment Frequency: Annually
  • Capitalized Value-Ground Rent: $60
Parking
Parking
  • Type Of Parking: On Street
  • Parking Features: Unassigned
Interior Features
Interior Features
  • Interior Features: Entry Level Bedroom
  • Fireplace: No
  • Accessibility Features: 36"+ wide Halls
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air, Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Baltimore Board of REALTORS

Property History for 321 South Payson 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 321 South Payson Street

Taxable ValueLand-Additions-Total-
Tax Record2023$472 ($39 / month)
Home Facts
Lot Size1,584 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920ZoningR-8CountyBALTIMORE CITYAPN20-12-0274 -046Fireplace TypeHas Fireplace

Schools near 321 South Payson Street

This home is within Baltimore City Public Schools.
Rating
School
Type
Grades
Distance
Charter - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Frederick Elementary School
CharterPK to 5

Booker T. Washington Middle School
Public6 to 8

Frederick Douglass 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.

Similar Homes

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321 South Payson Street is a multi-family home for sale in Baltimore, MD 21223. This property was listed for sale on November 21, 2024 by United Real Estate Executives, it's currently listed at $175,000. It has been on the market for a total of 5 days and was last sold on January 6, 2016. This listing's school district is Baltimore City Public Schools. Nearby schools include Frederick Elementary School, Booker T. Washington Middle School and Augusta Fells Savage Institute Of Visual Arts. 321 South Payson Street is a 8-bed, 4-bath, 2,750 sqft multi-family home built in 1920.

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 United Real Estate Executives

© 2024 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 11/21/2024 12:08 AM