$4,572 Closing Credit¹
#MDBA2157236, Robert D Whaley, Listing Office: Express Brokers Realty LLC
$400,000 List price
305 W Madison St Baltimore, MD 21201
$4,750
Closing credit¹
House
Property details
About 305 W Madison St
Property Overview The property at 305 W Madison St, Baltimore, MD 21201 is a five-unit multifamily building with a mix of studio and one-bedroom units. Some of the units have already been renovated, and the property includes onsite laundry facilities, offering added convenience for tenants and an additional income stream for investors. Value-Add Potential The property offers substantial value-add potential for investors, with the opportunity to increase rents by 59%, or approximately $200 per unit. This creates a clear path to significantly enhance cash flow and maximize returns. With a handful of units already renovated investors can implement additional improvements to the remaining units to further boost rental income and overall property value. Additionally, the onsite laundry offers further income-generating potential. Location and Area Benefits Located in the heart of Baltimore, the property is close to major institutions such as Johns Hopkins University and the University of Maryland Medical Center, offering proximity to key employment centers. Nearby universities like the University of Baltimore and Maryland Institute College of Art (MICA) also enhance the area's appeal. The property benefits from easy access to major highways such as I-83 and I-95, and is close to the State Center subway station, ensuring excellent transportation options. Additionally, being near an Opportunity Zone provides potential tax incentives for investors.
Highlights
Home typeOther
HeatingRadiant
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)
(ACTIVE UNDER CONTRACT)
CoolingWindow Unit(s)
Year built1952
ParkingOn Street
MLS #MDBA2141324
Summary
- MLS Number: MDBA2141324
- MLS Name: BRIGHT
- Office Name: Midfield Realty
- Office Phone: (410) 498-5408
- Listing Agent: Menachem M. Dalfin
- Agent Phone: (410) 498-5408
- Agent Email: yaakov@midfieldre.com
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: 3/17/2025, 12:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$400,000
305 W Madison St
$4,750
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 23, 2021 | Home Sold | $275,000 |
| Jun 23, 2017 | Home Sold | $195,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $250,267 | $5,216 |
| 2023 | $221,033 | $5,216 |
| 2022 | $191,800 | $4,526 |
| 2021 | $180,933 | $3,757 |
| 2020 | $170,067 | $4,013 |
| 2019 | $159,200 | $3,739 |
| 2018 | $159,200 | $3,757 |
| 2017 | $159,200 | $3,757 |
History based on county public records data.
Nearby schools
4
The Historic Samuel Coleridge-Taylor Elementary School
Public District PK-5
0.3 mi
•507 W Preston St
3
Furman Templeton Preparatory Academy
Public Charter PK-5
0.5 mi
•1200 Pennsylvania Ave
1
Eutaw-Marshburn Elementary School
Public District PK-5
0.8 mi
•1624 Eutaw Pl
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $35,326. Most Baltimore, MD residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
50%
<35k
39%
35k-100k
9%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
72%
Single, No Kids
16%
Single, with Kids
9%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
4%
12-17 yrs old
37%
18-34 yrs old
41%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Music Concerts
Tennis
Where do the neighbors shop?
Banana Republic
H&M
Crate & Barrel
Where do the neighbors go to eat?
Jack In The Box
Chipotle
Starbucks
What do the neighbors drive?
Toyota
Volkswagen
BMW
What do the neighbors listen to?
Jazz
Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 305 W Madison St
This home is located at 305 W Madison St in Baltimore, MD and zip code 21201 in the Central neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since October 2, 2024 and is currently priced at $400,000.
Over 185 listings were sold over their listed price in February 2025 in Baltimore, MD. In the same period over 189 listings were sold below the listed price and 118 listings were sold for the listed price. The number of listings in Baltimore, MD increased by 10.3% between January and February 2025. While the average time on the market in February 2025 was 51 days, the median list price was $230,281.
From Rocket Homes Real Estate and based on county public records data.