702 HOMESTEAD ST Active Save Request In-Person Tour Request Virtual Tour
Baltimore,MD 21218
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,920 sqft
Price per Sqft $226
MLS Listing ID MDBA2185190
Style Converted Dwelling
Abv Grd Liv Area 1,920
Year Built 1920
Annual Tax Amount $6,191
Tax Year 2024
Lot Size 4,000 Sqft
Acres 0.09
Lot Dimensions 40' x 100'
Property Sub-Type Detached
Source BRIGHT
Property Description
Why rent when you can own—and have your tenants help pay the mortgage? 702 Homestead Street is a licensed 4-unit building in Baltimore's Better Waverly neighborhood, offering a unique opportunity for an owner-occupant to move into a freshly improved apartment while collecting rent from three other two-bedroom units. The vacant unit features updated finishes, in-unit laundry hookups, and direct access to a rear yard—ideal for a private outdoor retreat.
The property is separately metered for gas and electric, with each unit featuring its own furnace, central air conditioning, and electric water heater. A 2020 roof, updated PVC and C-PVC plumbing, and modern wood-framed replacement windows reduce future capital expense risk. While the owner currently pays water and sewer, a savvy house hacker could implement utility billbacks in the future to further reduce monthly out-of-pocket costs.
Located in a neighborhood where over half of residents own their homes, this property benefits from well-maintained surroundings and strong community pride. Just a 4-minute walk from Giant Food, Waverly Ace Hardware, the YMCA, and the Enoch Pratt Library, tenants (and you) will enjoy daily convenience. The 32nd Street Farmers Market is just around the corner, and the Johns Hopkins University Homewood Campus is less than a mile away. With modern building systems, stable rental income, and room to grow returns over time, 702 Homestead is a smart choice for both lifestyle and long-term wealth.
Location
State MD
County Baltimore City
Zoning R-7
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Inclusions 4 30" gas ranges, 4 dishwashers,
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Water Access N
Accessibility None
Total Parking Spaces 1
Garage N
Building
Foundation Stone
Above Ground Finished SqFt 1920
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0309034079 002
Ownership Ground Rent
SqFt Source 1920
Acceptable Financing FHA,Conventional,VA,Private
Listing Terms FHA,Conventional,VA,Private
Financing FHA,Conventional,VA,Private
Special Listing Condition Standard