513 N SCHROEDER ST, Baltimore, MD 21223
513 N SCHROEDER ST, Baltimore, MD 21223
513 N SCHROEDER ST, Baltimore, MD 21223
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Springer A.C.T.I.O.N. Team

Springer A.C.T.I.O.N. Team

+1(484) 498-4000
Listed by John Rawlings • Samson Properties
$219,900
Est. payment /mo
1,290 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDBA2212642

Style Colonial

Year Built 1920

Annual Tax Amount $5,035

Tax Year 2025

Lot Size 1,290 Sqft

Acres 0.03

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Turnkey 2-unit income-producing property offering strong and stable cash flow at the new price of $219,000. Property features a 3-bedroom unit with market rent of approximately $1,600/month and a 1-bedroom unit generating approximately $1,000/month, for a total projected gross income of $2,600/month. Each unit is equipped with central air and tenants pay their own utilities, helping to keep operating expenses low and predictable. Estimated cap rate near 10% with solid DSCR makes this an attractive opportunity for investors or owner-occupants. Separate units provide flexibility and reduce vacancy risk. A well-positioned asset with consistent rental demand.

Location

State MD

County Baltimore City

Zoning R-8

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Cooling Ceiling Fan(s), Central A/C

Fireplace N

Heat Source Electric, Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0318010129 036

Ownership Fee Simple

Special Listing Condition Standard

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Bright MLS (BMLS)

Nearby School & Business

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Springer A.C.T.I.O.N. Team

Springer A.C.T.I.O.N. Team

+1(484) 498-4000

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