1 of 2

Want to see this property?

27 S Gay Street

Baltimore, MD 21202

– beds
– baths
4,117 sqft
2,172 sqft lot
$151 per sqft
1906 build

FIRE SALE 1.5 blocks from the National Aquarium and close to the bustling Inner Harbour. The property has drawings, permit set ready to go! Estimates can be sent (600k estimate in writing done). Water flow test already done. The property has a tax credit over the course of 10 years already approved, locking in a $300k value of property tax. There is a great tenant lined up at 17k a month starting the day construction is complete almost triple net. Tenant pays all expenses except the low taxes. Insane high % cap rate and much of the legwork completed for a lucky investor. The building has been newly renovated (completed in 2006), now vacant and gutted ready to be built with your already approved drawings. Features over 9'6" ceiling height with clear span area on each floor, front and rear staircases, new roof 2005 along with roofing. *Cross-posted MLS# MDBA2097820

Listing courtesy of BRIGHT / Real Broker, LLC

Last checked: Checking… • Last updated Apr 25, 2024 •

MLS# MDBA2099372 —

The Building

Year Built:

1906
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Brick
Structure Type:

Other
Architectural Style:

Federal
Building Units Total:

1
Accessibility Features:

None
Total SqFt Source:

Assessor
Total Below Grade SqFt:

1372
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

4117

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

5489
Living Area SqFt:

4,117 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Negotiable

Location

Directions:

1.5 blocks from the water
Latitude:

39.28894000
Longitude:

-76.60856000

The Property

Property Type:

Multi-Family
Property Subtype:

Other
Lot Size Units:

Square Feet
Lot Size Acres:

0.05
Lot Size Source:

Assessor
Lot SqFt:

2,172 Sqft
Zoning:

CT05
In City Limits:

Yes
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

C
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

0304111351 017
Tax Year:

2023
Tax Lot:

017
Tax Annual Amount:

$6,622
Tax Assessed Value:

$280,600
Year Assessed:

2023
County Tax:

314.00
City/Town Tax:

6308.00
Total Taxes Payment Frequency:

Annually

The Listing

Buyer's Brokerage Compensation:

3%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Forced Air, Central
Heating Fuel:

Natural Gas Available

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Other
Water Source:

Public

Schools

School District Name:

Baltimore City Public Schools
School District Source:

Listing Agent

The Community

Pool:

No Pool

Parking

Garage:

No
Type of Parking:

None

Extra Units

Vacation Rental:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/24/24 Apr 24, 2024	Pending	BRIGHT	$625,000
4/11/24 Apr 11, 2024	Price Changed	BRIGHT	$625,000	-21.9%
2/12/24 Feb 12, 2024	Price Changed	BRIGHT	$800,000	60.0%

Want a closer look?

Go see 27 S Gay Street

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Baltimore, MD

Similar sold homes

This multifamily located in Central Baltimore, Baltimore, MD 21202 is currently pending sale for $625,000. 27 S Gay Street is a 4,117 square foot multifamily with – beds and – baths. 27 S Gay Street is in the Central Baltimore neighborhood of Baltimore and has a WalkScore® of 98, making it a walker’s paradise. This multifamily is in the attendance area of City Springs School, Paul Laurence Dunbar High School, Digital Harbor High School, Booker T. Washington Middle School, Vivien T. Thomas Medical Arts Academy, Augusta Fells Savage Institute Of Visual Arts, Stadium School, Frederick Douglass High School, Patterson High School, and Benjamin Franklin High School At Masonville Cove.

Listing Courtesy of: BRIGHT and Real Broker, LLC.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. 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.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.