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About the Listing EXXP1 - 3111688
Investment Opportunity in a Prime East Baltimore Rental Corridor! Expand your investment portfolio with this cash-flow opportunity located just minutes from Johns Hopkins Hospital, Northeast Market, and Patterson Park. For investors looking to scale, the neighboring investment property at 2316 E Madison St (MLS# MDBA2220718) is also available—purchase one or both to create a strong Baltimore rental portfolio. 2221 Jefferson St underwent a comprehensive renovation in 2011, including all new roofing, framing, drywall, hardwood flooring, electrical, plumbing, kitchen, bathrooms, and other major systems. Today, the property primarily needs a deep cleaning, fresh paint, and minor cosmetic repairs to be rent-ready or move-in ready. Investors may also explore additional value-add opportunities, including the potential for a future rear parking pad (buyer to verify feasibility and approvals). A more extensive renovation strategy could push the after-repair value to $250,000+. The surrounding neighborhood continues to experience steady revitalization, with numerous renovated homes and ongoing investment throughout the area. Projected long-term rental income exceeds $1,700/month (based on comparable MLS and Zillow rental data), while furnished mid-term rentals (90-day minimum) are projected at $2,000+/month based on Furnished Finder market data. Whether you're looking for your next rental property, a value-add project, or an affordable opportunity to own near some of Baltimore’s largest employment centers, this property offers tremendous upside. Property is being sold strictly AS-IS. Cash, private money, or renovation financing only. The property is not expected to meet FHA appraisal and financing requirements. All systems are currently operational and functioning as intended.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Townhome
MLS ®
MDBA2220578
Year Built
1910
Total Square Footage
1,341
Lot/Acreage
0.03
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances: Oven/Range - Gas, Refrigerator, Washer/Dryer Hookups Only
- Air Cond: Central A/C
- Heating: 90% Forced Air
- Fireplaces:
- Floor: Hardwood
- Above Ground Sq Ft: 1148
- Below Ground Sq Ft: 193
- Basement: Daylight,Partial,Interior Access,Partially Finished,Sump Pump
- Other: Floor Plan - Open,Wood Floors
- Water: Public
Exterior Details
- Lot Description: Level,Open,Rear Yard,Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Lot Dimensions: 80x14
- Zoning: R-8
- Roof: Flat,Rubber
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $3,125
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
2221 Jefferson St Baltimore, MD 21205
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