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$675,000
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Property Description
Welcome to this meticulously remodeled triplex, ideal for investors or owner-occupants seeking a move-in-ready property with significant rental potential. This three-unit building includes two spacious 3-bedroom, 2-bath apartments on the first and second floors, each with a private ensuite bath. The third-floor unit features a well-designed 2-bedroom, 2-bath layout, also with an ensuite for added comfort. Highlights of this property include: All-new vinyl flooring throughout each unit Brand-new kitchen appliances with warranties, ensuring reliability and longevity All-new windows, HVAC systems with new ductwork, and updated gas lines Fully overhauled plumbing, including new drain and supply lines Separate meters for each unit, plus a common area meter for shared spaces Each unit showcases a modern kitchen with soft-close shaker cabinets, granite countertops, and a subway tile backsplash. The metal fire escape has been recently repaired and painted, ensuring safety and durability. The building also boasts a converted rear parking lot with spaces for up to four cars, an invaluable feature for tenants. The spacious basement includes an owner's closet and hookups for two laundry systems, providing the potential to add coin-operated machines for extra income. With FHA loan eligibility and extensive upgrades, this triplex combines modern comforts with excellent income potential and minimal upkeep. Don't miss this rare opportunity to own a turnkey rental property that's ready to generate income from day one.
Full Property Details
Full Property Details for 1816 Madison Ave
General
- Sold For: $675,000
- Taxes: $7,148 (2024)
- Status: Closed
- Type: Triplex
- Source: BrightMLSMidAtlantic
- MLS ID: MDBA2146064
- Added to Site: 469 day(s) ago
Interior
- Interior Features: Floor Plan - Open, Primary Bath(s), Upgraded Countertops
- Appliances: Built-In Microwave, Refrigerator, Stainless Steel Appliances, Oven/Range - Gas, Stove
- Flooring: Ceramic Tile, Laminate Plank, Luxury Vinyl Plank
Parking
- Total Spaces: 4
- Parking Type: On Street, Parking Lot
Location
- Municipality: Baltimore City
- County: Baltimore City
- Development Name: Madison Park Historic District
- Subdivision: Madison Park Historic District
- Driving Directions: GPS
- City Limits: Yes
School Information
- School District: Baltimore City Public Schools
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Structure Type: Interior Row/Townhouse
- Construction: Brick
- Foundation: Brick/Mortar
- Roof: Built-Up
- Walls/Ceilings: Dry Wall, High
- Windows: Double Pane, Replacement
- Stories/Levels: 0
- Square Feet: 4,180
- Sq. Ft. Source: Assessor
- Living Area: 3,135 Sq. Ft.
- Year Built: 1920
- Year Built Source: Assessor
- Property Condition: Excellent
Unit Information
- 2 Bedroom Units: 1
- 3 Bedroom Units: 2
Lot Features
- Lot Size Source: Estimated
- Zoning: R-7
Financial Considerations
- Price Per Sq. Ft.: $215.31
- Assessment Year: 2024
- City/TownTax: $6,809
- City/TownTax Freq: Annually
- County Tax: $339
- County Tax Freq: Annually
- Tax w/Assessment: $302,900
- Tax Amount: $7,148
- Tax Year: 2024
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 3135
Disclosures and Reports
- Ownership: Fee Simple
- Section: 13
- Lot Number: 9
Listed by VYBE Realty, Tyler Chase Kincer
Sold by EXP Realty, LLC, Washeka Brown
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Schools
Schools serving 1816 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 | 0.4 mi |
Bluford Drew Jemison Stem Academy West 1500 Harlem Avenue, Baltimore, MD 21217 | 6-12 | 0.9 mi |
Baltimore Leadership School For Young Women 128 West Franklin Street, Baltimore, MD 21201 | 6-12 | 1.1 mi |
Renaissance Academy 1301 McCulloh Street, Baltimore, MD 21217 | 9-12 | 0.4 mi |
Augusta Fells Savage Institute Of Visual Arts 1500 Harlem Avenue, Baltimore, MD 21217 | 9-12 | 0.9 mi |
Baltimore School For The Arts 712 Cathedral Street, Baltimore, MD 21201 | 9-12 | 1 mi |
Baltimore Design School 1500 Barclay Street, Baltimore, MD 21202 | 6-10 | 1.2 mi |
Academy For College And Career Exploration 1300 West 36th Street, Baltimore, MD 21211 | 6-12 | 1.6 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 1816 Madison Ave
Date
Details
Price
Change
Source
12/05/2024
Sold
$675,000
—
MLS
11/08/2024
Listed
$675,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1816 Madison Avenue, Baltimore, MD 21217 (MLS# MDBA2146064) is a Triplex property that was sold at $675,000 on December 05, 2024. Want to learn more about 1816 Madison Avenue? Do you have questions about finding other Triplex real estate for sale in Cold Spring? You can browse all Cold Spring real estate or contact a Coldwell Banker agent to request more information.

