702 Homestead St, Baltimore, MD 21218

Why rent when you can own—and have your tenants help pay the mortgage? 702 Homestead Street is a licensed 4-unit building in Baltimore’s Better Waverly neighborhood, offering a unique opportunity for an owner-occupant to move into a freshly improved apartment while collecting rent from three other two-bedroom units. The vacant unit features updated finishes, in-unit laundry hookups, and direct access to a rear yard—ideal for a private outdoor retreat. The property is separately metered for gas and electric, with each unit featuring its own furnace, central air conditioning, and electric water heater. A 2020 roof, updated PVC and C-PVC plumbing, and modern wood-framed replacement windows reduce future capital expense risk. While the owner currently pays water and sewer, a savvy house hacker could implement utility billbacks in the future to further reduce monthly out-of-pocket costs. Located in a neighborhood where over half of residents own their homes, this property benefits from … read more …