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$430,000
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Property Description
Exceptional value-add investment opportunity featuring a 7-unit multifamily property with tremendous income potential. The building consists of six 1-bedroom units and one spacious 2-bedroom unit, offering a desirable unit mix for steady rental demand. With over 4,000+ square feet of living space, this corner property provides significant upside for investors looking to renovate and increase cash flow. The property includes individual gas and electric meters for each unit, helping reduce owner expenses, plus a detached 2-car garage that offers additional income potential through parking or storage rental. Exterior features include a side courtyard, fenced backyard, and prominent corner location with strong curb appeal possibilities. While the building requires renovation and improvements, it presents an excellent opportunity for investors, contractors, or developers seeking a project with substantial long-term potential. Ideal for portfolio expansion or repositioning strategy. Cash, hard money, or commercial financing only. Property sold strictly as-is. Incredible opportunity to add value and maximize returns.
Full Property Details
Full Property Details for 1400-1402 Madison Ave
General
- Sold For: $430,000
- Taxes: $10,785 (2025)
- Status: Closed
- Type: Apartment
- Source: BrightMLSMidAtlantic
- MLS ID: MDBA2215540
- Added to Site: 99 day(s) ago
Business
- Business Type: Apartment Building
Rooms
Bathrooms
- Restrooms: 7
Additional Information
- Security/Safety: Window Grills
Parking
- Parking Type: Private Garage, On Street
Location
- Municipality: Baltimore City
- County: BALTIMORE CITY
- Driving Directions: SEEMAP
- Location Details: Corner Lot/Unit
- City Limits: Yes
Heating & Cooling
- Cooling Type: None
- Cooling Fuel: Electric
- Heating Type: Radiator
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Roof: Rubber
- Entry Floor Number: 1
- Stories/Levels: 4
- Building Size: 3168
- Year Built: 1920
- Year Built Source: Assessor
- Property Condition: Below Average
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size Source: Estimated
- Fence: Yes
- Zoning: R-7
Financial Considerations
- Price Per Sq. Ft.: $135.7
- Assessment Year: 2026
- City/TownTax: $10,273
- City/TownTax Freq: Annually
- County Tax: $512
- County Tax Freq: Annually
- Tax w/Assessment: $451,000
- Tax Amount: $10,785
- Tax Year: 2025
- Owner Pays: Water
Disclosures and Reports
- Ownership: Fee Simple
- Investment: Yes
- Bank-owned: Yes
- Lot Number: 1
Listed by Berkshire Hathaway HomeServices PenFed Realty, Deric S Beckett
Sold by Unrepresented, Unrepresented
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Price & Sales History for 1400-1402 Madison Ave
Date
Details
Price
Change
Source
7/31/2026
Sold
$430,000
0.02%
MLS
5/17/2026
Listed
$429,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1400-1402 Madison Avenue, Baltimore, MD 21217 (MLS# MDBA2215540) is a Apartment property that was sold at $430,000 on July 31, 2026. Want to learn more about 1400-1402 Madison Avenue? Do you have questions about finding other Apartment real estate for sale in Baltimore? You can browse all Baltimore real estate or contact a Coldwell Banker agent to request more information.

