Converted Dwelling
1602 CYPRESS STREET
BALTIMORE CITY , MD 21226
MLS#: MDBA2192558
$565,000
Property
Beds
7
Full Baths
None
1/2 Baths
None
Year Built
1920
Sq.Footage
2,868
A flexible and affordable living opportunity: the vacant ADA apartment allows an owner-occupant to live on-site while the other three units help offset monthly expenses. With 20% down, estimated PITI is about $1,138/month, or approximately $95/month with FHA 3.5% down (call us to learn more). This setup provides an accessible path into homeownership with built-in rental income and long-term financial stability. Each apartment is fully renovated, featuring quartz countertops, wood cabinets, stainless-steel appliances, vinyl plank flooring, ceramic tile baths, and in-unit washers and dryers—all upgrades that support strong rentability and reduce future maintenance needs. One unit is fully ADA-compliant with ramp access, roll-under sink, and barrier-free shower, a rare feature that expands the potential tenant pool and adds long-term leasing flexibility. The building includes four 2023 electric heat pumps and four 2023 electric water heaters, offering modern mechanical systems that minimize repair costs and improve operating efficiency. Separately metered electric with landlord bill-back for public service electric and City water keeps owner expenses low and maximizes return. C-PVC and PVC plumbing provides reliable, low-maintenance infrastructure. 1602 Cypress is Limited Lead-Free, reducing paperwork and costs at turnover and lowering landlord liability. A three-car rear parking pad adds everyday convenience for tenants and enhances the building’s appeal. Located near major employment hubs—including the Port of Baltimore, Amazon distribution centers, and Tradepoint Atlantic—this property benefits from strong workforce housing demand and consistent occupancy. With updated systems, strong rents, and an owner-occupant opportunity rarely available in this price range, 1602 Cypress Street is a practical and well-positioned investment in South Baltimore.
Features & Amenities
Interior
-
Total Bedrooms
7
-
Bathrooms
N/A
-
Above Grade Finished Area
2868.0
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Heat Pump
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Parking Lot
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.07
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Converted Dwelling
Price
-
Sales Price
$565,000
-
Tax Amount
1222.0
-
Zoning
Licensed for 4 Dwelling Units
-
Sq. Footage
2, 868
-
Price/SqFt
$197
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Brick/Mortar
-
Sewer
Public Sewer
-
Tax Lot
009
-
Water Source
Public
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Location
County
BALTIMORE CITY
Elementary School
Middle School
High School
Listing Courtesy of Will A Cannon III , Ben Frederick Realty, Inc.
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