2405 Barclay St, Baltimore, MD 21218
Local realty services provided by:ERA Byrne Realty
2405 Barclay St,Baltimore, MD 21218
$350,000
- 3 Beds
- - Baths
- 20,000 sq. ft.
- Multi-family
- Active
Listed by: thomas h fair
Office: ben frederick realty, inc.
MLS#:MDBA2221274
Source:BRIGHTMLS
Price summary
- Price:$350,000
- Price per sq. ft.:$17.5
About this home
2405 Barclay Street offers a unique opportunity for an owner-occupant seeking to build long-term wealth through real estate. By living in one apartment and renting the remaining two, a purchaser can offset a significant portion of the monthly housing expense while benefiting from rental income, principal reduction, and future appreciation.
With three one-bedroom apartments, individual utilities, and below-market rents that offer future upside, the property provides both immediate housing and the opportunity to grow cash flow over time as apartments turn over.
Example Owner-Occupant Financing Scenario*
●3.5% Down Payment
●Purchase Price: $369,000
●Loan Amount: $356,085
●Interest Rate: 6.00%
●30-Year Fixed Mortgage
●Estimated Monthly PITI + Mortgage Insurance: $3,064
●Rental Income from Two Apartments: $2,600/month
●Estimated Monthly Housing Cost for Owner: Approximately $464/month
*Illustrative financing example only. Financing programs, down payment requirements, occupancy requirements, and loan approval vary by lender.
For investors, at $116,667 per unit, 2405 Barclay Street offers a lower-cost opportunity to acquire a three-unit apartment building in one of central Baltimore's most renter-supported neighborhoods. Recent census data indicates that 58% of neighborhood households rent their homes, while the surrounding housing stock remains predominantly single-family, helping support continued demand for apartment housing.
Current rents remain below market, creating an opportunity to increase income as apartments turn over. For an investor utilizing conventional financing with a 20% down payment, the property produces a projected 8.75% capitalization rate and a 10.2% cash-on-cash return at market rents, illustrating the long-term income potential available through market rent alignment....
Contact an agent
Home facts
- Year built:1900
- Listing ID #:MDBA2221274
- Added:5 day(s) ago
- Updated:July 02, 2026 at 01:33 PM
Rooms and interior
- Bedrooms:3
- Basement:Yes
- Basement Description:Interior Access, Unfinished
- Living area:20,000 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Electric, Heat Pump(s)
Structure and exterior
- Year built:1900
- Building area:20,000 sq. ft.
- Lot area:0.03 Acres
- Architectural Style:Converted Dwelling
- Construction Materials:Brick
- Foundation Description:Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$350,000
- Price per sq. ft.:$17.5
- Tax amount:$3,894 (2025)
Parking
- Parking description:On Street
New listings near 2405 Barclay St
- New
$285,000Active3 beds -- baths2,505 sq. ft.2920 Parkwood Ave, BALTIMORE, MD 21217
MLS# MDBA2220346Listed by: KELLER WILLIAMS CAPITAL PROPERTIES - New
$285,000Active3 beds 3 baths2,175 sq. ft.3617 Liberty Heights Ave, BALTIMORE, MD 21215
MLS# MDBA2221688Listed by: OWN REAL ESTATE - New
$139,900Active3 beds 1 baths1,304 sq. ft.2934 Mcelderry St, BALTIMORE, MD 21205
MLS# MDBA2221822Listed by: EXP REALTY, LLC - New
$49,500Active2 beds 1 baths1,590 sq. ft.3407 Esther Pl, BALTIMORE, MD 21224
MLS# MDBA2221840Listed by: CENTURY 21 DOWNTOWN - New
$390,000Active4 beds 3 baths1,876 sq. ft.1713 S Hanover St S, BALTIMORE, MD 21230
MLS# MDBA2220566Listed by: CUMMINGS & CO. REALTORS - New
$210,000Active-- beds -- baths2,724 sq. ft.3302 Auchentoroly Ter, BALTIMORE, MD 21217
MLS# MDBA2220594Listed by: SAMSON PROPERTIES - Coming Soon
$250,000Coming Soon4 beds 2 baths2322 Druid Park Dr, BALTIMORE, MD 21215
MLS# MDBA2221468Listed by: CASTLE HOMES, INC. - New
$180,000Active3 beds 2 baths1,186 sq. ft.11 Hilton St, BALTIMORE, MD 21229
MLS# MDBA2221826Listed by: SAMSON PROPERTIES - Coming Soon
$325,000Coming Soon4 beds 4 baths2229 E Chase St, BALTIMORE, MD 21213
MLS# MDBA2221830Listed by: BENNETT REALTY SOLUTIONS - Coming Soon
$365,000Coming Soon3 beds 3 baths103 N Dundalk Ave, BALTIMORE, MD 21222
MLS# MDBC2168470Listed by: REAL BROKER, LLC