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Rick Sanderson Jr

rick@sandersonsells.com +1(856) 905-0830

Listed by Jamie Koehler • Cummings & Co. Realtors

$ 525,000

Est. payment -/mo

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Price Dropped by $24K

339 E 31ST ST Baltimore, MD 21218

3,024 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 3,024 sqft

Price per Sqft $173

MLS Listing ID MDBA2206462

Style Federal

Abv Grd Liv Area 3,024

Year Built 1900

Annual Tax Amount $6,622

Tax Year 2025

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

Incredible house-hacking / 3-unit investment opportunity WITH 2 READY-TO-RENT GARAGES in the heart of Baltimore's coveted Charles Village neighborhood. Current annual rental income for units 1 and 2 combined is $34,500. If unit 3 (currently and intentionally vacant for a potential owner-occupant) were to be leased for $1,600 per month, and each garage (also currently available) were leased for $150 per month, total annual income would be $57,300. This statuesque end-of-group residence boasts three separately-metered, spacious units – each flaunting abundant natural light, wood flooring, updated kitchens with modern cabinetry, in-unit laundry, and air conditioning. UNIT 1 encompasses the entire main level, is 1 bedroom, 1 full bathroom, has window units, and is rented for $1,325 per month. The lease is to 8/31/2026. UNIT 2 encompasses the entire second level, is 3 bedrooms, 1 full bathroom, has mini-splits for heating and cooling, and is rented for $1,550 per month. The lease is to 4/30/2027. UNIT 3 is the penthouse apartment and yours to occupy or lease! It encompasses the entire third level, is 3 bedrooms, 1 full bathroom, has window units, and a cozy covered rear deck, and unlike the other two units, it is only accessible via the rear staircase, offering privacy. If you decide to lease this unit, recent rental comps support a $1,600 monthly rent. (See 2724 Saint Paul St #3rd Floor which was only 2 bedrooms/1 bathroom and rented for $1,600 on 8/16/2025. See also 2732 Maryland Ave #2 which was only 2 bedrooms/1 bathroom and rented for $1,600 on 10/1/2025.) The two rear garages are currently unrented and can be yours to utilize in tandem with your penthouse apartment, as storage for maintenance needs, or can each be rented for an estimated $150 per month. With written leases, rent paid up on the occupied units, lead certificates, and a 3-unit rental license (good though 5/8/2028) in hand, this gem delivers turnkey peace of mind. Residents are responsible for their own BGE accounts. The landlord pays the water bill. Recent improvements include : New heating system for units 1 and 3, new refrigerators for all units, and fresh wood stain, new light fixtures, and new paint for unit 3 (2023). New window units for units 1 and 3, new mini splits for heating and cooling for unit 2, and new LVP flooring, bathroom vanity, and paint throughout unit 2 (2021). There is a Special Benefits Tax in this neighborhood. The current cost for the year for this property is $392.87. The Special Benefits Tax is a surcharge which covers additional safety and sanitization efforts to benefit the residents of the area. With its close proximity to the prestigious Johns Hopkins University (.5 miles), Medstar Union Memorial Hospital (.4 miles), Baltimore Museum of Art (.5 miles), downtown Baltimore (3 miles), and countless coffee shops and restaurants, the area is booming with students and professionals alike, making living here and lease-up a breeze! Schedule a showing today!

Location

State MD

County Baltimore City

Zoning R-7

Rooms

Basement Outside Entrance, Rear Entrance, Unfinished, Walkout Stairs

Interior

Interior Features Bathroom - Tub Shower, Bathroom - Walk-In Shower, Ceiling Fan(s), Wood Floors

Hot Water Electric

Heating Forced Air

Cooling Ductless/Mini-Split, Window Unit(s)

Flooring Wood, Luxury Vinyl Plank, Tile/Brick

Inclusions refrigerators, stoves, washers, dryers

Equipment Refrigerator, Stove, Washer, Dryer, Oven/Range - Gas, Stainless Steel Appliances, Washer/Dryer Stacked, Water Heater

Appliance Refrigerator, Stove, Washer, Dryer, Oven/Range - Gas, Stainless Steel Appliances, Washer/Dryer Stacked, Water Heater

Heat Source Natural Gas

Exterior

Exterior Feature Porch(es)

Parking Features Garage - Side Entry

Garage Spaces 2.0

Water Access N

View Street

Accessibility None

Porch Porch(es)

Total Parking Spaces 2

Garage Y

Building

Lot Description Corner

Foundation Other

Above Ground Finished SqFt 3024

Sewer Public Sewer

Water Public

Architectural Style Federal

Additional Building Above Grade, Below Grade

Structure Type High

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0312203857A032

Ownership Fee Simple

SqFt Source 3024

Security Features Smoke Detector,Carbon Monoxide Detector(s),Main Entrance Lock

Special Listing Condition Standard

NEARBY SCHOOLS & PROPERTIES

Rick Sanderson Jr

Agent | License ID: 0790603

+1(856) 905-0830

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Rick Sanderson Jr

339 E 31ST ST Baltimore, MD 21218

Key Details

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Rooms

Interior

Exterior

Building

Schools

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