$5,807

closing credit¹

2424 E Fayette St Baltimore, MD 21224

$489,000
5 beds
3 full
3,540 sqft
0.08 acres
$138 / sqft
Townhouse

Property details

About 2424 E Fayette St

Incredible Investment Opportunity in Baltimore! Perfect for investors looking for a sound investment that will generate income for years or a homeowner that wants to live in one apartment and rent out the other. Be prepared to be amazed with the beautiful renovation including exposed brick throughout, over 12' ceilings and tons of windows for natural light. Welcome to 2424 E Fayette Street, a high-quality, fully renovated (2020) end-of-group (EOG) brick townhouse. Located just two blocks from Patterson Park and less than a mile from Johns Hopkins, this property offers a prime location with modern updates and endless income potential. Featuring two fully separated apartments with private entrances and separate meters, this property is perfect for investors, owner-occupants, or short-term rental entrepreneurs. Unit A features 3 Bedrooms, 2 Full Baths, and a Flexible Lower Level. This expansive unit boasts a bright, open floor plan with exposed brick accents, high ceilings, and recessed lighting throughout. The large kitchen features granite countertops, a breakfast bar, stainless steel appliances, and 42-inch cabinets. Two large lower-level rooms offer flexibility as bedrooms (no windows), a family room, or office space, along with a full bathroom and laundry area. This unit previously rented for $1,880/month and can demand more. Unit B boasts 2 Bedrooms, 1 Full Bath and a Rooftop Deck! This charming second unit offers a stunning open floor plan with a well-appointed kitchen featuring granite countertops, brand-new stainless appliances, and 42-inch cabinets. Exposed brick, high ceilings, and recessed lighting create a modern yet inviting atmosphere. The unit includes two bedrooms, a ceramic-tiled full bath, and a conveniently located washer/dryer off the kitchen. A staircase leads to a private rooftop deck with breathtaking 360-degree city views, ideal for relaxation or entertaining. This unit also previously rented for $1,880/month and can generate more income at present day. Property Highlights include a fully renovated, turn key property with high-end finishes throughout. It can be used also as a short-term rental targeting travel nurses, doctors, and professionals. Walking distance to Patterson Park and easy access to Johns Hopkins, local amenities, and major commuter routes. There are separate entrances and meters for each unit. Don’t miss this exceptional opportunity to own a move-in-ready, income-generating property in one of Baltimore’s most desirable locations. Whether you're looking for a steady rental income, short-term rental business, or multi-generational living, this property has it all. Check out the virtual tours and schedule your showing today!

Highlights

Home typeTownhouse
HeatingForced Air
StatusActive
(ACTIVE)
CoolingCentral Air, Heat Pump, ENERGY STAR Qualified Equipment
Size3,540 sqft
BasementYes
Lot size0.08 Acres
Year built1880
ParkingFree,Parking Fee,Public, Off Site,Off Street,On Street,Other
MLS #MDBA2154236
ViewCity

Summary

  • MLS Number: MDBA2154236
  • MLS Name: BRIGHT
  • Office Name: Monument Sotheby's International Realty
  • Office Phone: (443) 906-3840
  • Listing Agent: Regina Trakhtman

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 10:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of building exterior

$489,000

2424 E Fayette St

$5,807

closing credit¹

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Price information

Property sales

DateEventPrice
Sep 16, 2019
Home Sold
$90,000
Jan 26, 2007
Home Sold
$212,500
May 06, 2005
Home Sold
$60,000

Tax history

YearAssessmentProperty Tax
2024$75,100$1,748
2023$74,100$1,748
2022$73,100$1,725
2021$72,967$4,325
2020$72,833$1,718
2019$72,700$4,486
2018$183,267$4,325
2017$175,533$4,142

History based on county public records data.

Nearby schools

1

William Paca Elementary School

Public District PK-5

0.2 mi

200 N Lakewood Ave

2

Wolfe Street Academy

Public Charter PK-5

0.6 mi

245 S Wolfe St

1

Dr. Bernard Harris, Sr. Elementary School

Public District PK-5

1.2 mi

1400 N Caroline St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $48,929. Residents of Baltimore, MD typically earn less than $<35k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

41%
<35k
41%
35k-100k
12%
100k-200k
6%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

54%
Single, No Kids
23%
Single, with Kids
12%
Married, No Kids
11%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

17%
<11 yrs old
7%
12-17 yrs old
40%
18-34 yrs old
30%
35-64 yrs old
6%
65+ yrs old

What do the neighbors do for fun?

  • TennisTennis
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Music ConcertsMusic Concerts

Where do the neighbors shop?

  • Crate & BarrelCrate & Barrel
  • Banana RepublicBanana Republic
  • H&MH&M

Where do the neighbors go to eat?

  • StarbucksStarbucks
  • Jack In The BoxJack In The Box
  • ChipotleChipotle

What do the neighbors drive?

  • BMWBMW
  • ToyotaToyota
  • VolkswagenVolkswagen

What do the neighbors listen to?

  • NewsNews
  • JazzJazz
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

About 2424 E Fayette St

This home is located at 2424 E Fayette St in Baltimore, MD and zip code 21224 in the Southeast neighborhood. This 3,540 square foot home, which was built in 1880, sits on a 0.08 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 28, 2025 and is currently priced at $489,000.

In December 2024, from all listings sold in Baltimore, MD there were more than 203 sold above asking price, over 226 sold below and more than 137 were sold right at the asked price. Between November and December 2024, Baltimore, MD real estate market has seen decrease in the number of listings by 0.9%. The median list price of listings available in December 2024 was $228,869, while the average time on the real estate market was 40 days.

From Rocket Homes Real Estate and based on county public records data.

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