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$699,900
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Property Description
Ready to GO investment property with 5 individual rental units. All recently rented. Total annual rent roll is $66,000. Great cap rate of 9.4%! Rental license valid until March 2028. Each unit has charming hardwood floors, a full kitchen and full bath. The property has many of it's original 1920's charming wood details and moldings, high ceilings and large rooms. The windows were replaced recently and allow lots of natural light into the spaces. The lower level has multiple washer/dryers for the tenants use and an entire floor of storage. There is an enclosed exterior rear courtyard and two car garage. All current leases will carry into 2026. Please contact the listing agents with any questions or to schedule a showing.
Full Property Details
Full Property Details for 1404 Madison Ave
General
- Price: $699,900
- Taxes: $1,657 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSMidAtlantic
- MLS ID: MDBA2192120
- Updated: 12/17/2025
- Added to Site: 63 day(s) ago
Business
- Business Type: Apartment Building
Interior
- Flooring: Hardwood, Ceramic Tile
Rooms
Bathrooms
- Restrooms: 5
Additional Information
- Security/Safety: Smoke Detector
Parking
- Total Spaces: 2
- Parking Type: On Street, Private Garage
Location
- Municipality: Baltimore City
- County: BALTIMORE CITY
- Driving Directions: GPS is best...near 83, MLK and MICA
- City Limits: Yes
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Foundation: Stone, Brick/Mortar
- Building Size: 9500
- Year Built: 1920
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,100
- Lot Size Source: Estimated
- Zoning: R-7
- Lot Description: Rear Yard
Financial Considerations
- Price Per Sq. Ft.: $73.67
- Assessment Year: 2025
- City/TownTax: $1,578
- City/TownTax Freq: Annually
- County Tax: $79
- County Tax Freq: Annually
- Tax w/Assessment: $70,200
- Tax Amount: $1,657
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 2
Listed by Long & Foster Real Estate, Inc., Laura Jones
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Schools
Schools serving 1404 Madison Ave
School District:Baltimore City Public Schools
| Name | Grades | Distance |
|---|---|---|
Eutaw-Marshburn Elementary School 1624 Eutaw Place, Baltimore, MD 21217 | PK-5 | 0.2 mi |
Booker T. Washington Middle School 1301 McCulloh Street, Baltimore, MD 21217 | 6-8 | 0.1 mi |
Stadium School 1400 Exeter Hall Avenue, Baltimore, MD 21218 | 6-8 | 1.8 mi |
Augusta Fells Savage Institute Of Visual Arts 1500 Harlem Avenue, Baltimore, MD 21217 | 9-12 | 0.9 mi |
Vivien T. Thomas Medical Arts Academy 100 North Calhoun Street, Baltimore, MD 21223 | 9-12 | 1.1 mi |
Frederick Douglass High School, Baltimore, MD 2301 Gwynns Falls Parkway, Baltimore, MD 21217 | 9-12 | 1.5 mi |
Paul Laurence Dunbar High School 1400 Orleans Street, Baltimore, MD 21231 | 9-12 | 1.7 mi |
Digital Harbor High School 1100 Covington Street, Baltimore, MD 21230 | 9-12 | 2.2 mi |
Edmondson-Westside High School 501 North Athol Avenue, Baltimore, MD 21229 | 9-12 | 3.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1404 Madison Ave
Date
Details
Price
Change
Source
11/26/2025
Price Reduced
$699,900
-6.67%
MLS
11/14/2025
Listed
$749,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1404 Madison Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,657
—
$70,200
—
2022
$1,657
5%
$70,200
5%
2021
$1,576
5%
$66,800
5%
2021
$1,496
6%
$63,400
6%
2020
$1,409
—
$60,000
—
2019
$1,416
—
$60,000
—
2018
$1,416
-15%
$60,000
-15%
2017
$1,657
—
$70,200
—
2016
$1,649
—
$70,200
—
2015
$1,657
-1%
$70,200
—
2013
$1,671
—
$70,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1404 Madison Ave
1404 Madison Avenue, Baltimore, MD 21217 (MLS# MDBA2192120) is a Apartment property. 1404 Madison Avenue is currently listed for $699,900 and was received on November 14, 2025. Want to learn more about 1404 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.

