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$158,000
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Property Description
Incredible investment opportunity! Turnkey, occupied subsidized rental with 14+ 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!
Full Property Details
Full Property Details for 2421 E Madison St
General
- Sold For: $158,000
- Taxes: $960 (2024)
- Status: Closed
- Type: Townhouse
- Source: BrightMLSMidAtlantic
- MLS ID: MDBA2170622
- Added to Site: 216 day(s) ago
Interior
- Rooms/Areas: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry, Bathroom 1, Bathroom 2, Bonus Room, Half Bath
- 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
- Appliances: Dryer, Oven - Single, Oven/Range - Gas, Refrigerator, Stove, Washer, Water Heater
- Flooring: Luxury Vinyl Plank, Carpet
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Upper Floor Baths: 2
- Upper - Full Baths: 2
- Lower Floor Baths: 1
- Lower - Full Baths: 1
Bedrooms
- Total Bedrooms: 4
- Bedrooms Upper: 3
- Bedrooms Lower: 1
Other Rooms
- Laundry: Basement, Dryer In Unit, Has Laundry, Lower Floor, Washer In Unit
Additional Information
- Security/Safety: Carbon Monoxide Detector(s), Main Entrance Lock, Smoke Detector, Security Gate
Exterior
- Exterior Features: Exterior Lighting, Gutter System, Sidewalks, Street Lights
- Porch/Patio/Deck: Patio(s), Enclosed
Parking
- Parking Type: On Street
Location
- Municipality: Baltimore City
- County: BALTIMORE CITY
- Subdivision: MCELDERRY PARK
- Cross Streets: N Port St
- Driving 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.
- Direction Faces: North
- Location Details: Corner Lot/Unit
- City Limits: Yes
School Information
- School District: Baltimore City Public Schools
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Federal
- Structure Type: End of Row/Townhouse
- Construction: Other, Concrete
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Connecting Stairway, Daylight, Partial, Fully Finished, Heated, Improved, Interior Access, Space For Rooms, Windows, Walkout Stairs, Outside Entrance
- Foundation: Other
- Walls/Ceilings: Brick, Dry Wall, High
- Doors: Six Panel, Storm
- Stories Description: Lower 1, Upper 1
- Square Feet: 1,300
- Sq. Ft. Source: Estimated
- Living Area: 1,300 Sq. Ft.
- Finished Above Grnd: 1,300 Sq. Ft.
- Year Built: 1920
- Year Built Source: Assessor
- Property Condition: Excellent
Unit Information
Unit 1
- Bathrooms-Lower: 1
- Bedrooms-Lower: 1
Lot Features
- Property View: City, Street
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 980
- Lot Size Source: Estimated
- Zoning: R-8
- Lot Description: Corner
- Fencing (Description): Partially, Rear, Masonry/Stone
Financial Considerations
- Price Per Sq. Ft.: $126.92
- Ground Rent: $120
- Assessment Year: 2025
- City/TownTax: $914
- City/TownTax Freq: Annually
- County Tax: $46
- County Tax Freq: Annually
- Tax w/Assessment: $44,000
- Tax Amount: $960
- Tax Year: 2024
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 229
Disclosures and Reports
- Ownership: Ground Rent
- Inclusions: refrigerator, stove, washer, dryer
- Section: 1
- Lot Number: 41
Listed by Cummings & Co. Realtors, Jamie L Koehler
Sold by Bell Block Group, Alfonzo Mac Bell
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Schools
Schools serving 2421 E Madison St
School District:Baltimore City Public Schools
| Name | Grades | Distance |
|---|---|---|
Tench Tilghman Elementary School 600 North Patterson Park Avenue, Baltimore, MD 21205 | PK-8 | 0.2 mi |
Stadium School 1400 Exeter Hall Avenue, Baltimore, MD 21218 | 6-8 | 1.8 mi |
Booker T. Washington Middle School 1301 McCulloh Street, Baltimore, MD 21217 | 6-8 | 2.4 mi |
Paul Laurence Dunbar High School 1400 Orleans Street, Baltimore, MD 21231 | 9-12 | 0.9 mi |
Digital Harbor High School 1100 Covington Street, Baltimore, MD 21230 | 9-12 | 2.1 mi |
Patterson High School 100 Kane Street, Baltimore, MD 21224 | 9-12 | 2.5 mi |
Vivien T. Thomas Medical Arts Academy 100 North Calhoun Street, Baltimore, MD 21223 | 9-12 | 3.1 mi |
Augusta Fells Savage Institute Of Visual Arts 1500 Harlem Avenue, Baltimore, MD 21217 | 9-12 | 3.1 mi |
Frederick Douglass High School, Baltimore, MD 2301 Gwynns Falls Parkway, Baltimore, MD 21217 | 9-12 | 3.9 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 2421 E Madison St
Date
Details
Price
Change
Source
12/09/2025
Sold
$158,000
-4.24%
MLS
6/14/2025
Listed
$165,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2421 E Madison Street, Baltimore, MD 21205 (MLS# MDBA2170622) is a Townhouse property that was sold at $158,000 on December 09, 2025. Want to learn more about 2421 E Madison Street? Do you have questions about finding other Townhouse real estate for sale in Baltimore? You can browse all Baltimore real estate or contact a Coldwell Banker agent to request more information.

