Converted Dwelling

Live Here for Less Than Rent! Own this 3-unit home in Station North, one of Baltimore’s most creative and connected neighborhoods, and let your tenants help pay the mortgage. With 20% down, your share of the monthly payment (PITI) is only $36. Even with just 3.5% down, it’s about $775/month after rent income—less than renting one of these apartments! Includes one 2-bedroom, 1.5-bath unit and two 1-bedroom, 1-bath units, each with updated kitchens, dishwashers, and in-unit laundry. The finished basement with 8'2" ceilings adds two extra bedrooms and flexible living space. All tenants are month-to-month, so a buyer can choose which apartment to occupy. This all-electric building keeps expenses simple, with tenants paying their own utilities. A full sprinkler system adds safety and a water bill-back system could boost cash flow. Located just a 10-minute walk to Penn Station, steps from Guilford Hall Brewery, and close to neighborhood cafés, galleries, and live-music venues, this property puts you in the heart of a thriving arts community. New townhomes nearby are leasing for $3,350–$3,500/month, showing strong investment and continued growth in the area. Investor Summary Offered at $400,000, this licensed 3-unit building is priced at $133.333 per apartment and $155 per square foot. With strong rental demand in Station North and nearby new construction leasing between $3,350–$3,500/month, this property provides both immediate income and value-add potential. Tenants are on month-to-month leases, giving investors flexibility to adjust rents, renovate, or re-tenant for higher returns.