2241 Graythorn Rd, Middle River, MD 21220
Local realty services provided by:ERA Cole Realty
2241 Graythorn Rd,Baltimore, MD 21220
$215,000
- 3 Beds
- 2 Baths
- 1,452 sq. ft.
- Townhouse
- Active
Listed by:will a cannon iii
Office:ben frederick realty, inc.
MLS#:MDBC2140800
Source:BRIGHTMLS
Price summary
- Price:$215,000
- Price per sq. ft.:$148.07
About this home
This property is part of a portfolio sale consisting of 11 single-family rental homes across Baltimore City, Baltimore County, and Anne Arundel County. Alternately, make an offer on just Graythorn only, or whichever properties within the portfolio you like. In addition to 2241 Graythorn Road, the portfolio includes: 6611 Windsor Mill Road, 4841 Bowland Avenue, 940 Saint Agnes Lane, 5223 Brookwood Road, 3217 Orlando Avenue, 804 Arncliffe Road, 2241 Graythorn Road, 625 Delaware Avenue, 1930 Ewald Avenue, and 4012 Saint Augustine Lane and 936 Foxcroft Lane. Ten of the eleven homes are currently leased, with subsidy programs covering approximately 61.5% of the total monthly rent. Interiors: This Baltimore subsidized rental portfolio includes 11 single-family homes-8 three-bedroom and 3 four-bedroom units-ranging from 1,024 to 1,857 square feet. Kitchens feature wood cabinetry throughout, with 9 homes upgraded to granite countertops and the remaining 2 with laminate. All kitchens include 30? gas ranges; some are also equipped with built-in microwaves and dishwashers. Baths are updated with modern vanities and mostly feature ceramic tile tub surrounds, with just one unit having a shower stall with vinyl surround. Flooring includes a mix of vinyl plank, laminate, ceramic tile, and carpet. Walls are plaster or drywall; several basements feature suspended ceilings or wood paneling. Every home offers a private yard, and most include front porches. Vinyl replacement windows are installed throughout. Utilities: Each home is individually metered for gas and electric, with 100- or 200-amp electrical service. Ten homes are equipped with gas-fired furnaces and central air conditioning. Water heaters vary by property and are either gas or electric, typically 40-gallon capacity. In-unit washers and dryers are provided in all homes. Tenants are responsible for electric, gas, lawn care, and snow removal. In Baltimore County and Anne Arundel County, tenants pay water and sewer bills directly. At the two Baltimore City properties, the landlord pays for water and sewer and bills tenants back. What's Special About This Baltimore Subsidized Rental Portfolio? Tenants are primarily program participants, with subsidy programs covering approximately 62% of the monthly rent, providing reliable cash flow backed by government sources. More than half of the portfolio is located in Essex and Dundalk, where investor demand remains strong due to stable, working-class tenant bases and consistent rental demand. Dundalk in particular is a well-established suburb ,offering easy access to I-695 and proximity to major employers such as the Amazon fulfillment center, the Maryland Transportation Authority, and Johns Hopkins Bayview Medical Center. The remaining homes are located in neighborhoods like Gwynn Oak, Middle River, and Hamilton-areas with continued high demand for affordable housing. This scattered-site portfolio blends consistent income with broad exposure to some of the region's most active affordable housing corridors. $2,600,000; $236,364 Per Unit; $217 Per Sq. Ft.; 8.3 Market GRM, 9.49 Cap Rate and 12.4% Projected Cash-on-Cash Return.
Contact an agent
Home facts
- Year built:1957
- Listing ID #:MDBC2140800
- Added:13 day(s) ago
- Updated:October 02, 2025 at 01:39 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Living area:1,452 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Asphalt
- Year built:1957
- Building area:1,452 sq. ft.
- Lot area:0.04 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$215,000
- Price per sq. ft.:$148.07
- Tax amount:$1,559 (2024)
New listings near 2241 Graythorn Rd
- Coming Soon
$260,000Coming Soon3 beds 1 baths33 Honeycomb Rd, MIDDLE RIVER, MD 21220
MLS# MDBC2141978Listed by: HOMEOWNERS REAL ESTATE - Coming Soon
$465,000Coming Soon4 beds 4 baths302 Bevington St, MIDDLE RIVER, MD 21220
MLS# MDBC2129498Listed by: NORTHROP REALTY - New
$48,000Active2 beds 2 baths987 sq. ft.103 Rodeo Circle, MIDDLE RIVER, MD 21220
MLS# MDBC2141428Listed by: BENNETT REALTY SOLUTIONS - New
$507,490Active4 beds 4 baths1,916 sq. ft.Homesite 3c.0021 Barnehurst St, MIDDLE RIVER, MD 21220
MLS# MDBC2141328Listed by: DRB GROUP REALTY, LLC - Coming Soon
$153,000Coming Soon3 beds 1 baths306 Endsleigh Ave, BALTIMORE, MD 21220
MLS# MDBC2141010Listed by: CUMMINGS & CO. REALTORS - New
$229,000Active2 beds 1 baths696 sq. ft.11 Honeycomb Rd, BALTIMORE, MD 21220
MLS# MDBC2141634Listed by: INTEGRITY REAL ESTATE - New
$235,000Active3 beds 1 baths1,152 sq. ft.505 Grovethorn Rd, BALTIMORE, MD 21220
MLS# MDBC2141686Listed by: VYBE REALTY - New
$50,000Active2 beds 1 baths960 sq. ft.101 Covered Wagon Rd, MIDDLE RIVER, MD 21220
MLS# MDBC2141692Listed by: ARGENT REALTY LLC - New
$209,990Active2 beds 1 baths672 sq. ft.1111 Cord St, MIDDLE RIVER, MD 21220
MLS# MDBC2141492Listed by: CORE MARYLAND REAL ESTATE LLC - New
$235,000Active3 beds 3 baths1,672 sq. ft.629 Nollmeyer Rd, MIDDLE RIVER, MD 21220
MLS# MDBC2141420Listed by: CENTURY 21 DOWNTOWN
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2023 - 2025 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.