217 E Preston St Baltimore, MD 21202

Live in One, Rent the Rest: Spacious 5-Bedroom Home + 3 Rental Units in Mount Vernon 217–219 E Preston Street offers a rare opportunity to live in a newly renovated, three-story five-bedroom home while generating rental income from three additional units. Located just two blocks from Penn Station in historic Mount Vernon, this property combines flexibility, size, and location—perfect for buyers seeking both a home and a smart financial investment. The vacant five-bedroom home at 217 E Preston features refinished hardwood floors, a brand-new stainless steel appliance suite, a custom ceramic tile backsplash, exposed brick accents, and two full bathrooms—one with a clawfoot tub, the other with a steel tub. Enjoy the convenience of in-unit laundry, central air, and both a walk-out rear porch and a private second-story porch. Next door, 219 E Preston offers a tenant-occupied five-bedroom layout with original tin ceilings, interior shutters, and similar historic details. Two terrace-level one-bedroom apartments provide additional income. One has in-unit laundry, and both are currently rented. Utilities are structured for affordability, with tenants reimbursing for water, gas, and electric based on lease terms. Each building has one gas meter and two electric meters, and the landlord has set up a simple allocation model that helps offset operating costs. Rear parking is available and may be leased for additional income. Enjoy walkable access to Amtrak and MARC service at Penn Station (ideal for commuting to D.C. or New York), the Peabody Institute, University of Baltimore, MICA, and Baltimore’s top cultural venues. Bike lanes, restaurants, and historic architecture make this a standout location for both living and investing. 217-219 East Preston Street are one legal lot; Block 0486, Lot 022.