- 4 beds
- 3 baths
- 1,300 sqft
- 980 sqft lot
- $126 per sqft
- 1920 build
Incredible investment opportunity! Turnkey, occupied subsidized rental with 11+ YEAR TENANCY and strong flip potential – this booming corridor supports post-renovation values of $345K! Currently leased through the Section 8 program for a whopping $1,836 per month, this well-maintained end-unit is an investor’s dream. 2421 E Madison St boasts three finished levels, exposed brick, LVP flooring, recessed lighting, and modern kitchen updates including cabinetry, countertops, and appliances. Bathrooms have been tastefully remodeled, and the finished basement features a sleek cut-out stair design that adds architectural interest. With a written lease, LEAD FREE lead certificate, and rental license in hand along with being in compliance with Section 8 inspections, this is a true plug-and-play rental. It’s also located just .5 miles from renowned Johns Hopkins Hospital and Baltimore’s beloved Patterson Park, complete with walking paths, tennis courts, ballfields, a skating rink, lake, swimming pool, and year-round events! Don’t miss your chance to add this outstanding property to your rental portfolio today! Interested in a potential future flip? This home could achieve a sales price of $345K! See 2315 Ashland Ave – just 2.5 blocks from 2421 E Madison St, similar size, also 4 bedrooms, with a finished basement and sold for $345K on 2/10/2025. See 2220 E Madison St, just 3.5 blocks from 2421 E Madison St, similar size and sold for $341,960 on 12/27/2024. This one won’t last long!
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jun 14, 2025
•
MLS# MDBA2170622 —
The Building
-
Year Built:1920
-
Year Built Source:Assessor
-
Year Major Reno/Remodel:2010
-
New Construction:No
-
Construction Materials:Other, Concrete
-
Structure Type:End of Row/Townhouse
-
Architectural Style:Federal
-
Levels:3
-
Main Entrance:North
-
Door Features:Six Panel, Storm
-
Security Features:Carbon Monoxide Detector(s), Main Entrance Lock, Smoke Detector, Security Gate
-
Accessibility Features:None
-
Foundation Details:Other
-
Basement:Yes
-
Basement Type:Connecting Stairway, Daylight, Partial, Fully Finished, Heated, Improved, Interior Access, Space For Rooms, Windows, Walkout Stairs, Outside Entrance
-
Total SqFt Source:Estimated
-
Above Grade Finished Area Units:Square Feet
-
Above Grade Finished SqFt:1300
-
Above Grade Finished SqFt Source:Estimated
-
Below Grade Unfinished Area Units:Square Feet
-
Tax Total Finished SqFt:229
Interior
-
Interior Features:Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Carpet, Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Table Space, Recessed Lighting, Upgraded Countertops
-
Room List:Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry, Bathroom 1, Bathroom 2, Bonus Room, Half Bath
-
Flooring Type:Luxury Vinyl Plank, Carpet
-
Wall & Ceilings:Brick, Dry Wall, High
-
Living Area SqFt Source:Estimated
Room Dimensions
-
Total SqFt:1300
-
Living Area SqFt:1,300 Sqft
Financial & Terms
-
Sale Type:Standard
-
Possession:Settlement
Location
-
Directions:Take Orleans St/Rt 40 to N Montford Ave. Turn right onto Ashland Ave. Turn right onto N Port St. Turn right onto E Madison St.
-
Cross Street:N Port St
-
Latitude:39.29969000
-
Longitude:-76.58316000
-
Location Type:Corner Lot/Unit
The Property
-
Property Type:Residential
-
Property Condition:Excellent
-
Lot Size Units:Square Feet
-
Lot Size Acres:0.02
-
Lot Size Source:Estimated
-
Lot Features:Corner
-
Lot SqFt:980 Sqft
-
Inclusions:refrigerator, stove, washer, dryer
-
Zoning:R-8
-
View:City, Street
-
In City Limits:Yes
-
Outdoor Living Structures:Patio(s), Enclosed
-
Other Structures:Above Grade
-
Waterview:No
-
Fencing:Partially, Rear, Masonry/Stone
-
Waterfront:No
-
Water Oriented:No
-
Water Access:No
-
Navigable Water:No
-
Tidal Water:No
-
Land Use Code:R
-
Ground Rent Exists:Yes
-
Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (443) 604-5875
- Office phone:
- (410) 823-0033
Taxes
-
Tax ID Number:0307011624 041
-
Tax Year:2024
-
Tax Lot:041
-
Tax Annual Amount:$960
-
Tax Assessed Value:$44,000
-
Year Assessed:2025
-
County Tax:46.00
-
City/Town Tax:914.00
-
Total Taxes Payment Frequency:Annually
Beds
-
Bedrooms:4
-
Upper Level Bedrooms:3
-
Upper Level 1 Bedrooms:3
-
Lower Level Bedrooms:1
-
Lower Level Bedrooms:1
Baths
-
Total Baths:3
-
Full Baths:3
-
Upper Level Full Baths:2
-
Lower Level Full Baths:1
-
Upper Level Total Baths:2
-
Upper Level Total Baths:2.00
-
All Lower Levels Total Baths:1
-
Lower Level Total Baths:1.00
-
Upper Level Full Baths:2
-
Lower Level Full Baths:1
The Listing
Heating & Cooling
-
Cooling Type:None
-
Central Air:No
-
Cooling Fuel:None
-
Heating:Yes
-
Heating Type:Forced Air
-
Heating Fuel:Natural Gas
Utilities
-
Sewer/Septic:Public Sewer
-
Hot Water:Electric
-
Water Source:Public
Appliances
-
Appliances:Dryer, Oven - Single, Oven/Range - Gas, Refrigerator, Stove, Washer, Water Heater
-
Laundry Type:Basement, Dryer In Unit, Has Laundry, Lower Floor, Washer In Unit
Schools
-
School District Name:Baltimore City Public Schools
-
School District Source:Listing Agent
The Community
-
Subdivision Name:Mcelderry Park
-
Senior Community:No
-
Exterior Features:Exterior Lighting, Gutter System, Sidewalks, Street Lights
-
Pool:No Pool
-
HOA:No
-
Condo/Coop Association:No
Parking
-
Garage:No
-
Type of Parking:On Street
Extra Units
-
Vacation Rental:No
Monthly cost estimate

Asking price
$165,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$883
|
Taxes | $80 |
Insurance | $45 |
Utilities | $206 See report |
Total | $1,214/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/14/25
Jun 14, 2025
|
Listed / Active | BRIGHT | $165,000 |